Tokyo Stock Exchange in the context of "Zoom Corporation"

Japan has a highly developed mixed economy, often referred to as an East Asian model. According to the IMF forecast for 2025, it will be the fourth-largest economy in the world by nominal GDP and the fifth-largest by purchasing power parity (PPP) by the end of the year. It constituted 3.7% of the world's economy on a nominal basis in 2024. According to the same forecast, the country's nominal per capita GDP (PPP) will be $56,440 (2025). Due to a volatile currency exchange rate, Japan's nominal GDP as measured in American dollars fluctuates sharply.

A founding member of the G7 and an early member of the OECD, Japan was the first country in Asia to achieve developed country status. In 2024, Japan was the sixth-largest in the world as an importer and eight-largest as an exporter. The country also has the world's fourth-largest consumer market. Japan used to run a considerable trade surplus, but the decline of the manufacturing sector since the 1980s and increased fossil fuel imports after the Fukushima nuclear accident in 2011 have changed this trend in recent years. Being the world's largest creditor nation, Japan has a considerable net international investment surplus. The country has the world's second-largest foreign-exchange reserves, worth $1.4 trillion. Japan has the third-largest financial assets in the world, valued at $12 trillion, or 8.6% of the global GDP total as of 2020. Japan has a highly efficient and strong social security system, which comprises roughly 23.5% of GDP. The Tokyo Stock Exchange is the world's fourth-largest stock exchange by market capitalisation as of 2025.

Panasonic Holdings Corporation is a Japanese multinational electronics manufacturer, headquartered in Kadoma, Japan. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works in the Fukushima ward of Osaka by Kōnosuke Matsushita. The company was incorporated in 1935 and renamed Matsushita Electric Industrial Co., Ltd., and changed its name to Panasonic Corporation in 2008. In 2022, it reorganized as a holding company and adopted its current name.

In addition to consumer electronics, for which it was the world's largest manufacturer in the late 20th century, Panasonic produces a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial equipment, as well as home renovation and construction. The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX 100 indices, with a secondary listing on the Nagoya Stock Exchange.

NTT, Inc. (formerly known as Nippon Telegraph and Telephone Corporation) is a Japanese telecommunications holding company headquartered in Tokyo, Japan. Ranked 128th in Fortune Global 500, NTT is the sixth largest telecommunications company in the world in terms of revenue, as well as the 15th largest publicly traded company in Japan by market cap, and the 6th largest by revenue, as of November 2025. In 2025, the company was ranked 79th in the Forbes Global 2000. NTT was the world's largest company by market capitalization in the late 1980s, and remained among the world's top 10 largest companies by market capitalization until the burst of the Dot-com bubble in the early 2000s.

The company traces its origin to the national telegraph service established in 1868, which came under the purview of the Ministry of Communications in the 1880s as part of a postal, telegraph and telephone service. In 1952, the telegraph and telephone services were spun off as the government-owned Nippon Telegraph and Telephone Public Corporation. Under Prime Minister Yasuhiro Nakasone, the company was privatised in 1985 along with the Japan Tobacco and Salt Public Corporation and subsequently the Japanese National Railways two years later, adopting the previous name until July 2025. While NTT has been listed on the Tokyo Stock Exchange since 1987, the Japanese government still owns roughly one-third of NTT's shares, regulated by the NTT Law (Law Concerning Nippon Telegraph and Telephone Corporation, Etc.).

The East Japan Railway Company is a major passenger railway company in Japan and the largest of the seven Japan Railways Group companies. The company name is officially abbreviated as JR East in English, and as JR Higashi-Nihon in Japanese. The company's headquarters are in Yoyogi, Shibuya, Tokyo, next to Shinjuku Station. It is listed in the Tokyo Stock Exchange (it formerly had secondary listings in the Nagoya and Osaka stock exchanges), is a constituent of the TOPIX Large70 index, and is one of three Japan Railways Group constituents of the Nikkei 225 index, the others being JR Central and JR West

Hitachi, Ltd. (Japanese pronunciation: [çi̥taꜜtɕi]) is a Japanese multinational conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable energy, railway systems, healthcare products, and financial systems. The company was founded as an electrical machinery manufacturing subsidiary of the Kuhara Mining Plant in Hitachi, Ibaraki by engineer Namihei Odaira in 1910. It began operating as an independent company under its current name in 1920.

Hitachi is listed on the Tokyo Stock Exchange and is a key component of the Nikkei 225 and TOPIX Core30 indices. As of June 2024, it has a market capitalisation of 16.9 trillion yen, making it the fourth largest Japanese company by market value. In terms of global recognition, Hitachi was ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. Hitachi is a highly globalised conglomerate. In the fiscal year 2023, it generated approximately 61% of its total revenue of 9.7 trillion yen from international markets. The major contributors to this global revenue were Asia, Europe, and North America, with each region accounting for 22%, 16%, and 16% of the total revenue, respectively.

The Nikkei 225, or the Nikkei Stock Average (Japanese: 日経平均株価, Hepburn: Nikkei heikin kabuka), more commonly called the Nikkei or the Nikkei index (/ˈnɪkeɪ, ˈniː-, nɪˈkeɪ/), is a stock market index for the Tokyo Stock Exchange (TSE). It is a price-weighted index, operating in the Japanese Yen (JP¥), and its components are reviewed twice a year. The Nikkei 225 measures the performance of 225 highly capitalised and liquid publicly owned companies in Japan from a wide array of industry sectors. Since 2017, the index is calculated every five seconds. It was originally launched by the Tokyo Stock Exchange in 1950, and was taken over by the Nihon Keizai Shimbun (The Nikkei) newspaper in 1970, when the Tokyo Exchange switched to the Tokyo Stock Price Index (TOPIX), which is weighed by market capitalisation rather than stock prices.

The Tokyo Stock Price Index (東証株価指数, Tōshō Kabuka shisū), commonly known as the TOPIX, is an important stock market index for the Tokyo Stock Exchange (TSE) in Japan, along with the Nikkei 225. The TOPIX tracks the entire market of domestic companies and covers most stocks in the Prime market and some stocks in the Standard market. It is calculated and published by the TSE. As of January 2025, there are planned to be 1,716 companies listed on the TSE, since about 400 stocks with low liquidity were phased out after the TSE reform in 2022.

The index transitioned from a system where a company's weighting is based on the total number of shares outstanding to a weighting based on the number of shares available for trading (called the free float). This transition started in October 2005 and was completed in June 2006. Although the change is a technicality, it had a significant effect on the weighting of many companies in the index, because many companies in Japan hold a significant number of shares of their business partners as a part of intricate business alliances, and such shares are no longer included in calculating the weight of companies in the index.

Nagoya Stock Exchange (名古屋証券取引所 Nagoya Shōken Torihikijo, NSE) is a stock trading market in Nagoya, Japan. It is Japan's second largest exchange, behind the Tokyo Stock Exchange. It is operated by Nagoya Stock Exchange, Inc. (株式会社名古屋証券取引所).

Canon Inc. (Japanese: キヤノン株式会社; Hepburn: Kyanon kabushiki gaisha) is a Japanese multinational corporation headquartered in Ōta, Tokyo, specializing in optical, imaging, and industrial products, such as lenses, cameras, medical equipment, scanners, printers, and semiconductor manufacturing equipment.

Canon has a primary listing on the Tokyo Stock Exchange and is a constituent of the TOPIX Core 30 and Nikkei 225 indexes. It used to have a secondary listing on the New York Stock Exchange.

The Keisei Electric Railway Company, Ltd. (stylized as K'SEI since 2001) is a major private railway in Chiba Prefecture and Tokyo, Japan. The name Keisei is the combination of the kanji 京 from Tokyo (東京) and 成 from Narita (成田), which the railway's main line connects; the combination uses different readings than the ones used in the city names. The railway's main line runs from Tokyo to Narita and the eastern suburb cities of Funabashi, Narashino, Yachiyo, and Sakura. Keisei runs an airport limited express train called the Skyliner from Ueno and Nippori to Narita International Airport.

In addition to its railway business, the Keisei Electric Railway Company owns large bus and taxi services and some real estate holdings. It owns a controlling share of the Oriental Land Company which owns and manages the Tokyo Disney Resort. Keisei is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 index.

The West Japan Railway Company, also referred to as JR West (JR西日本, Jeiāru Nishi-Nihon; lit. 'JR West Japan'), is one of the Japan Railways Group (JR Group) companies and operates in western Honshu. It has its headquarters in Kita-ku, Osaka. It is listed in the Tokyo Stock Exchange, is a constituent of the TOPIX Large70 index, and is also one of only three Japan Railways Group constituents of the Nikkei 225 index: the others are JR East and JR Central. It was also listed in the Nagoya and Fukuoka stock exchanges until late 2020.

The Nikkei, also known as The Nihon Keizai Shimbun (日本経済新聞; lit. "Japan Economics Newspaper"), is the flagship publication of Nikkei, Inc. (based in Tokyo) and the world's largest financial newspaper, with a daily circulation exceeding 1.73 million copies. The Nikkei 225, a stock market index for the Tokyo Stock Exchange, has been calculated by the newspaper since 1950.

It is one of the four national newspapers in Japan; the other three are The Asahi Shimbun, the Yomiuri Shimbun and the Mainichi Shimbun.

Osaka Exchange, Inc. (株式会社大阪取引所, Kabushiki-gaisha Ōsaka Torihikijo), renamed from Osaka Securities Exchange Co., Ltd. (株式会社大阪証券取引所, Kabushiki-gaisha Ōsaka Shōken Torihikijo; OSE), is the largest derivatives exchange in Japan, in terms of amount of business handled.

As of 31 December 2007, the Osaka Securities Exchange had 477 listed companies with a combined market capitalization of $212 billion. The Nikkei 225 Futures, introduced at the Osaka Securities Exchange in 1988, is now an internationally recognized futures index. In contrast to the Tokyo Stock Exchange, which mainly deals in spot trading, the Osaka Securities Exchange's strength is in derivative products. The OSE is the leading Derivatives Exchange in Japan and it was the largest futures market in the world in 1990 and 1991. According to statistics from 2003, the Osaka Securities Exchange handled 59% of the stock price index futures market in Japan, and almost 100% of trading in the options market. Osaka Securities Exchange Co., which was listed on its Hercules market for startups in April 2004 is the only Japanese securities exchange which went public on its own market.

Japan Exchange Group, Inc. (株式会社日本取引所グループ, Kabushiki-gaisha Nippon Torihikijo Gurūpu; Corporate Number: 9120001098575), abbreviated as JPX or Nippon Torihikijo, is a Japanese financial services company headquartered in Tokyo and Osaka. It is a "financial instruments exchange holding company" subject to the regulations of the Financial Instruments and Exchange Act enforced by the Financial Services Agency of Japan. It is also monitored by a separate self-regulatory body called Japan Exchange Regulation (JPX-R), dedicated to ensuring neutral and effective self-regulation operations defined under the Financial Instruments and Exchange Act.

The exchange group was formed by the merger of Tokyo Stock Exchange Group, Inc. [ja] and Osaka Securities Exchange Co., Ltd. on January 1, 2013. As a result of this merger and market reorganization, the Tokyo Stock Exchange (TSE) became the sole securities exchange of JPX and the Osaka Exchange (OSE) became the largest derivatives exchange of JPX.

Kinki Sharyo Co., Ltd. (近畿車輛株式会社, Kinki Sharyō kabushiki gaisha) is a Japanese manufacturer of railroad vehicles based in Osaka. It is an affiliate company of Kintetsu Corporation. In business since 1920 as Tanaka Rolling Stock Works, and renamed The Kinki Sharyo Co., Ltd in 1945, they produce rolling stock for numerous transportation agencies, ranging from Shinkansen high-speed trains to light rail vehicles. Kinki Sharyo is listed on the Tokyo Stock Exchange as TYO: 7122.

Tokuyama Corporation (株式会社トクヤマ, Kabushiki-gaisha Tokuyama) is a Japanese, Tokyo-based chemical company and the world's fourth largest silicon manufacturer.

The company was founded as Nihon Soda Kogyo Co., Ltd., a producer of soda ash in 1918 by Katsujiro Iwai. It changed name in 1936 to Tokuyama Soda Co., Ltd. and in 1994 to its present name. It is listed on the Tokyo Stock Exchange and is a component of the Nikkei 225 stock index.