The trend of delisting from the Tokyo Stock Exchange is worsening, with a sharp increase in corporate mergers and management buyout transactions.

According to data from the Tokyo Stock Exchange since 2014, there have already been 59 companies delisted or announced delisting plans in the first half of this year, higher than the 51 companies in the same period last year, and also setting a new record for the same period. If this trend continues, the total number of delistings for the year will exceed the historical record of 94 in 2024. The Tokyo Stock Exchange has previously promoted a series of corporate governance reforms, including requiring listed companies to pursue improving shareholder returns, improving valuations, and reducing excessive cross-shareholdings.