This article outlines the trading hours and year-end/New Year holidays of Japan's major stock exchanges, centered on the Tokyo Stock Exchange, as well as how to place orders outside trading hours and an overview of PTS trading. It also covers the morning and afternoon sessions, along with the arrangements for the final trading day of the year, the year-end closing day and the first trading day of the year.
Japan's stock market operates during the day on weekdays in two sessions: a morning session and an afternoon session. The Tokyo Stock Exchange's morning session runs from 9:00 to 11:30, and its afternoon session from 12:30 to 15:30, under the schedule in effect since 5 November 2024. Saturdays, Sundays, public holidays and the year-end/New Year period are non-trading days, and no trading takes place.
The Nagoya, Sapporo and Fukuoka stock exchanges operate on the same schedule, with morning sessions from 9:00 to 11:30 and afternoon sessions from 12:30 to 15:30, making their afternoon sessions 30 minutes longer than those of the Tokyo Stock Exchange. The Nagoya Stock Exchange, Sapporo Stock Exchange and Fukuoka Stock Exchange are commonly referred to as Meishō, Seshō and Fukushō, respectively. The nature and number of listed markets vary among the exchanges.
Orders for stocks outside trading hours can be accepted through online brokers, but restrictions may apply depending on the security, time of day and system maintenance. SBI証券 accepts orders 24 hours a day, 楽天証券 from 6:00 a.m. to 3:00 a.m. the following day, and マネックス証券 from 5:00 a.m. to 2:00 a.m. the following day, among other differences between companies.
Using a PTS, or private trading system, is one option for executing stock trades outside regular trading hours. The number of participating securities companies is limited, and the available hours vary by company. PTS trading is offered by companies including SBI証券, 楽天証券 and 松井証券.
Japan's stock exchanges are closed during the year-end/New Year period, while 30 December, the final trading day of the year, is treated as the year-end closing day. The regular morning and afternoon session hours remain in effect. The first trading day of the new year, known as the first trading day of the year, is also held during the regular hours.