Foreign Stocks | Osaka Securities Exchange

Foreign Stocks

Features

Stocks of companies which are main contributors to the economic development in the Asia-Pacific region, the fastest-growing area in the world, are traded.
(Note) "Asia-Pacific region" is comprised of East Asia, Southeast Asia and Oceania.

1. Listing criteria (outline)

As of January 31, 2008

Item	Criteria
Number of Floating Stocks	10 thousand trading units or more
Number of Shareholders in Japan	In case the shares have been traded on stock exchanges or markets outside Japan without a hitch -- 600 shareholders or more In other cases -- 1,200 shareholders or more
Number of Years of Business Conduct	3 years or more
Market Capitalization of Fioating Stocks	¥500 million or more
Market Capitalization of Stocks to be Listed	¥1 billion or more
Net Assets(Shareholders' Equity)	¥1 billion or more
Pre-tax Profit(Note)	¥200 million or more for the last 1 year, and ¥200 million or more in annual average for the last 2 years
Financial Statements	No false statements for the last 2 years Unqualified fair auditor's opinion for the last 1 year
Others	Stocks to be listed shall be handled by the designated depository No restriction on transfer of shares to be listed Material criteria are the same as domestic stocks

(Note) In case market capitalization exceeds ¥100 billion, no conditions will be imposed on the amount of pre-tax profit (except for cases if the amount of sales for the last 1 year was less than ¥10 billion).

2. Trading

Basically, foreign stocks are traded in the same way as ordinary domestic stock transactions at OSE.

3. Foreign Securities Trading Account

To start trading in foreign stocks, the investor must submit to the securities company an agreement for setting up a foreign securities trading account, and then open an account.