standard big About Japan Exchange Group About us news release Shareholder / Investor Information CSR home About Japan Exchange Group What is Japan Exchange Group? Listen to this page by voice What is Japan Exchange Group? Tokyo Stock Exchange Group, Inc. (Tokyo Stock Exchange Group) and Osaka Securities Exchange Co., Ltd. (OSE) have different areas of expertise, the physical market and the derivatives market. We agreed on November 22, 2011 that we would be able to obtain significant synergistic effects in both the physical market and the derivatives market by promoting such measures. After that, in August 2012, the Tokyo Stock Exchange Group acquired 66.67% of the OSE shares through a tender offer for the OSE shares by the Tokyo Stock Exchange Group as part of the merger, and then the two companies acquired 66.67% of the OSE shares. It was merged on January 1, 2014. The synergistic effects that the two companies are expecting to achieve through this business integration are as follows. Revenue synergies Through this business integration, (1) improvement of user convenience, increase of transaction participation fee due to increase of transaction volume due to strengthening of sales force, (2) becoming an attractive exchange and IPO (initial public offering) in Japan and overseas ) It is expected that there will be profit synergies such as an increase in listing-related revenue due to the increase in the number, and (3) an increase in demand for information provision services due to the diversification of provided information. Cost synergies This business integration is expected to bring about cost synergies such as (1) system development and operation cost reduction through system integration, and (2) system-related cost synergies (realized after system integration). Other effects Through this business integration, (1) improvement of investor investment efficiency by integration of derivative clearing function, (2) consolidation of know-how by organizational integration, further improvement of product / system planning and services utilizing human resources useful utilization, etc. Other effects are expected. What is Japan Exchange Group? greeting History of birth Corporate Philosophy / Future Vision / Creed Corporate logo About Japan Exchange Group What is Japan Exchange Group? greeting History of birth Corporate Philosophy / Future Vision / Creed Corporate logo CSR CSR concept Financial Economics Education Program Support for producing entrepreneurial human resources Other activities About us Company Profile List of officers Organization chart History Business content Corporate Behavior Charter Corporate governance Compliance program Basic policy for building an internal control system Crisis management efforts CEO regular press conference Survey / Research / Policy Recommendation Shareholder / Investor Information Stock price information IR news Management information To individual investors IR reference room Business information Shareholder / stock information IR events and materials IR calendar Business integration related news Precautions when investing in our stock Inquiries regarding shareholder / investor information Disclosure policy news release Inquiries Employment information Handling of personal information About using the site Disclaimer Legal public notice To the top of this page