Seiko Epson Corporation moved to the Prime Market, which was created in conjunction with a restructuring of the Tokyo Stock Exchanges market segments.
Epson opted for listing on the Prime Market, which is intended for companies that have a market capitalisation (liquidity) that makes them attractive to many institutional investors, that have a higher level of governance, and that commit to sustainable growth and improvement of medium- to long-term corporate value, making constructive dialogue with investors a top priority.
With the move to the Prime Market, Epson said it will redouble its efforts to strengthen its corporate governance framework, proactively engage investors in dialogue, and further raise the quality of management.
Epson added in its announcement: “The Prime Market is designed for companies that will lead the global economy. As a company on the Prime Market, Epson will seek to realise the aspirational goal set forth in the Epson 25 Renewed corporate vision by solving societal issues, thereby earning the trust of shareholders and other stakeholders, and increasing corporate value.”
