Tokyo Stock Exchange delistings have reached a record high for the third consecutive year, as companies explore growth strategies centered on going private. The number of delistings this year is expected to reach 128, while 29 companies are expected to be designated as securities under supervision, suggesting that the number is likely to continue rising.
The number of companies delisting from the Tokyo Stock Exchange is reaching a record high for the third consecutive year. Companies are reportedly exploring growth models through what is commonly referred to as going private.
The number of companies confirmed to delist this year has reached 128, exceeding the 125 delistings recorded for the full year 2025. A total of 29 companies are also reportedly designated as securities under supervision, and the trend toward delisting is likely to spread further.
Observers point to two factors behind the delistings: cases in which companies choose to go private in partnership with funds, and cases in which market reforms force them to exit.