Member Exchanges

Jasdaq Securities Exchange, Inc. (Osaka Securities Exchange)

www.jasdaq.co.jp 

Tel: 81 3 3669 1450

Fax: 81 3 3669 3305

 

Representatives

President and CEO : Mr. Takashi Tsutsui

Head of International Relations : Ms. Satoko Yamazaki

  • * - Half trading day (Short trading day)   |
  • ** - To replace a public holiday that falls on a Sunday   |
  • *** - Close early   |
  • **** - Will close at 1.00pm
  • ο - Subject to the appearence of the moon   |
  • † - Subject to change   |
  • (I) - Weekends in Iran : Every Thursday & Friday
  • (II) - Weekends in Israel : Every Friday & Saturday   |
  • (III) - In Malaysia, Saturday & Sunday are non-trading days

Types of Securities TradedName of Trading Systems (cash and derivatives)Trading Hours
Cash products/ Regular Transactions
Domestic StocksJasdaq system9:00 - 11:00
12:30 - 15:00
Foreign StocksJasdaq system9:00 - 11:00
12:30 - 15:00
Classified StocksJasdaq system9:00 - 11:00
12:30 - 15:00
REITs (Real estate Investment Trust)Jasdaq system9:00 - 11:00
12:30 - 15:00
Convertible BondsJasdaq system9:00 - 11:00
12:30 - 15:00
Offhour Transaction
Domestic StocksJasdaq system8:20 - 9:00 &
11:00 - 12:00 &
15:00 - 16:30
Foreign StocksJasdaq system8:20 - 9:00 &
11:00 - 12:00 &
15:00 - 16:30
Classified StocksJasdaq system8:20 - 9:00 &
11:00 - 12:00 &
15:00 - 16:30
REITs (Real estate Investment Trust)Jasdaq system8:20 - 9:00 &
11:00 - 12:00 &
15:00 - 16:30
Convertible BondsJasdaq system8:20 - 9:00 &
11:00 - 12:00 &
15:00 - 16:30

Supervisory Body

Financial Services Agency

Name of Clearing & Settlement Organization

Japan Securities Clearing Corp. (JSCC)

Settlement Cycle

T + 3

Name of Central Securities Depository

Japan Securities Depository Center (JASDEC)

Commissions on Transactions levied by Exchange

1.Trading fees (based on total value of trades)

¥500 million or less: 0

¥500 million < MTV≤ ¥10 billion:
Standard rate x 0.9

¥10 billion < MTV ≤ ¥100 brillion:
Standard rate x 1.0

¥100brillion < MTV ≤ ¥150 brillion:
Standard rate x 0.8

More than ¥150brillion:
Standard rate x 0.7

*1 MTV:Monthly trading value

*2 Standard rate is calculated using formula below:
(1) MTV ≤ ¥1trillion
2.4 ÷ 10000
(2) MTV >¥1trillion
　 {(¥1trillion x 2.4÷10000)+(MTV - ¥1trillion) x1.5 ÷ 10000 } ÷ MTV

Taxes on Dividends, Interests

Individual
Until March 31, 2008

10 % tax withheld at source
(Declaration of tax not required)

7 % Income Tax, 3 % Inhabitant Tax

<For period April 1, 2008 and after>

20 % tax withheld at source
(Declaration of tax not required)
comprising of 15 % Income tax and
5 % Inhabitant Tax.

Corporation :
50 % of the total amount of dividend received is not taxable.

2007 Share ownership thresholds (%)

NA

Short selling (Yes / No)

NA

Short selling conditions (if any)

NA