In an interview with Japan’s Nikkei newspaper, Takashi Tsutsui, president of JASDAQ, talked about the creation of a new market planned for September for the most advanced technology-based ventures and new business models.
This new market is aimed to accommodate high technology-based starting-up growth ventures, such as university spinouts.
Listing requirements for JASDAQ and the planned new market are as follows:
Profits requirements:
JASDAQ: a profit surplus or a recurring profit of at least JPY 500 million in the fiscal year immediately prior to application.New Market: ventures with surplus prospects in spite of a deficit in the fiscal year immediately prior to application.
Net Assets requirements:
JASDAQ: at least JPY 200 million in the fiscal year immediately prior to application.New Market: to be on or above zero in the fiscal year immediately prior to application.
Market Capitalization requirements:
JASDAQ: a market capitalization of at least JPY 1 billion at the time of listing.New Market: a market capitalization of at least JPY 1 billion at the time of listing.
Technology requirements:
JASDAQ: no requirementNew Market: within 10 years of technology development or inception of operations.