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62-553: Hitachi is listed on the Tokyo Stock Exchange and is a key component of the Nikkei 225 and TOPIX Core30 indices. As of June 2024, it has a market capitalisation of 16.9 trillion yen, making it the fourth largest Japanese company by market value. In terms of global recognition, Hitachi was ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000 . Hitachi is a highly globalised conglomerate. In

124-617: A company specializing in IT and infrastructure maintenance in the near future. In March 2011, Hitachi agreed to sell its hard disk drive subsidiary, HGST , to Western Digital for a combination of cash and shares worth US$ 4.3 billion. Due to concerns of a duopoly of WD and Seagate Technology by the EU Commission and the Federal Trade Commission , Hitachi's 3.5" HDD division was sold to Toshiba . The transaction

186-638: A deal with Johnson Controls to form a joint venture that would take over Hitachi's HVAC business. Hitachi maintained a 40% stake in the resulting company, Johnson Controls-Hitachi Air Conditioning. In May 2016, Hitachi announced it was investing $ 2.8 billion into its IoT interests. Hitachi’s rail business in Europe , especially in the United Kingdom, expanded in the 2010s, with Hitachi Newton Aycliffe starting operations in October 2015. Following

248-560: A partnership to develop, produce and sell motors for electric vehicles. Also in 2017, private equity firm KKR bought Hitachi Kokusai's (itself a subsidiary of Hitachi) semiconductor equipment division, becoming Kokusai Electric . In 2019, Applied Materials announced that it would acquire Kokusai Electric from KKR for US$ 2.2 billion. The deal was later terminated in 2021. In 2017, KKR also bought Hitachi's power tools subsidiary Hitachi Koki for US$ 1.3 billion, changing its name to Koki Holdings (HiKOKI) and marketing its tools as Metabo HPT in

310-489: A pivotal moment following the 2008 global financial crisis . This crisis led to a record loss of 787.3 billion yen, prompting a strategic overhaul. The company concentrated its efforts on the 'Social Innovation Business', capitalising on its strengths in infrastructure and IT, and underwent major structural changes. These involved consolidating unprofitable operations and venturing into new fields such as digital systems and renewable energy, adapting to changing market dynamics. As

372-562: A private enterprise" to proceed. In October 2019, the talks between Honda and Hitachi to consolidate their four automotive parts businesses, Showa , Nissin and Keihin of the former and the latter's Hitachi Automotive Systems, have reportedly begun, resulting in the creation of a "mega supplier" named Hitachi Astemo incorporated in January 2021. In March 2020, an improved version of the L0 Series SCMaglev rolling stock for

434-422: A result of these strategic moves, Hitachi returned to profitability by March 2011. Today, Hitachi's corporate activities are organised into three large sections: Digital Systems and Services, Green Energy and Mobility, and Connective Industries. The Digital Systems and Services segment features Lumada. This segment focuses on business processes and operational efficiency. This segment accounted for 21.9 percent of

496-472: A second connection after it had already connected. Even though brokerages have access to alternative gateways, the outage caused "delays in execution, correction and cancellation" for many securities firms including Daiwa Securities and Nomura. On October 1, 2020, for the first time in its history as an all electronic exchange, the Tokyo Stock Exchange had to suspend trading in all shares for

558-490: A trader at UBS Warburg , the Swiss investment bank, sold 610,000 shares in this company at ¥6 each, while he intended to sell 16 shares at ¥600,000. The bank lost £71 million. During yet another initial public offering, that of J-Com, on December 8, 2005, an employee at Mizuho Securities Co., Ltd. mistakenly typed an order to sell 600,000 shares at ¥1 each, instead of an order to sell 1 share at ¥600,000. Mizuho failed to catch

620-481: A whole day due to a technical glitch, causing buying and selling to freeze. This was announced just minutes before 9 a.m., when it was scheduled to open. The problem was found to be in "the system for relaying market information", hence making the glitch a network problem, but the Asahi Shimbun reported that the glitch was due to a mechanical failure. The issue stemmed back to the "Arrowhead" trading system and

682-481: Is evident in its leadership, as all its 12 CEOs, including founder Odaira, have engineering backgrounds. Remarkably, 8 out of the 12 consecutive CEOs, including Odaira, are alumni of the University of Tokyo 's Faculty of Engineering. Historically recognised for its technology and industrial products, including electric generators , consumer electronics , trains , computers , and nuclear reactors , Hitachi faced

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744-563: Is owned by Japan Exchange Group (JPX), a holding company that it also lists ( TYO : 8697 ), and operated by Tokyo Stock Exchange, Inc., a wholly owned subsidiary of JPX. JPX was formed from merger of Tokyo Stock Exchange Group, Inc. with Osaka Securities Exchange Co., Ltd. (now Osaka Exchange, Inc. ); the merger process began in July 2012, when said merger was approved by the Japan Fair Trade Commission . JPX itself

806-751: The Nihon Keizai Shimbun (Japan's largest business newspaper), the TOPIX index based on the share prices of Prime companies, and the J30 index of large industrial companies maintained by Japan's major broadsheet newspapers. There are also active bond market and futures market . Ninety-four domestic and 10 foreign securities companies participate in TSE trading. See: Members of the Tokyo Stock Exchange The exchange's press club, called

868-570: The Chuo Shinkansen was introduced, marking the first magnetically levitated train manufactured by Hitachi. In September 2020, Hitachi abandoned plans to create nuclear power plants in Gloucestershire and Wales due to issues with funding due to the impact of COVID-19 . In the same month, Hitachi Capital agreed to be bought by its second-largest shareholder, business partner, and former rival Mitsubishi UFJ Lease , which invested in

930-602: The First Section which started when Tokyo Stock Exchange was re-established in 1949 and includes mainly large companies; the Second Section which started in 1961 and includes mainly mid-sized companies; JASDAQ (established in 1991, acquired by Osaka Stock Exchange in 2010, and absorbed into TSE in 2013) and Mothers (Market of the high-growth and emerging stocks, established at TSE in 1999) which are both for emerging companies; and TOKYO PRO Market which

992-574: The Fukushima Daiichi nuclear disaster in 2011 and the extended temporary closure of most Japanese nuclear plants, Hitachi's nuclear business became unprofitable and in 2016 Hitachi CEO Toshiaki Higashihara argued Japan should consider a merger of the various competing nuclear businesses. Hitachi is taking for 2016 an estimated ¥65 billion write-off in value of a SILEX technology laser uranium enrichment joint venture with General Electric . In February 2017, Hitachi and Honda announced

1054-600: The Darlington site in Ontario, Canada. OPG and GE-Hitachi will be collaborating on the design, planning and preparation of license materials for the construction of Canada's first SMR which is planned to enter operation in 2028. Hitachi, with its focus on energy, information technology, and infrastructure, has seen a significant improvement in profitability since the record loss in 2009. Reflecting this, Hitachi’s market capitalisation has more than octupled since 2010, becoming

1116-600: The Growth subsection were transitioned into the Growth market, along with all 424 companies in the Mothers section. There were a total of 3,899 companies listed in Tokyo Stock Exchange, as of 21 August 2023. The Tokyo Stock Exchange was established on May 15, 1878, as the Tokyo Kabushiki Torihikijo ( 東京株式取引所 , also literally means the Tokyo Stock Exchange and shortened as Tōkabu ( 東株 ) ) under

1178-551: The Hitachi HM6147 chip, developed by a Hitachi team led by Toshiaki Masuhara, was able to match the Intel's flagship 2147 HMOS's performance with 87 per cent less power. Until the early 1980s, American semiconductor producers were focusing on the development and production of NMOS transistors, with which they dominated the global market, while Hitachi invested heavily in developing efficient CMOS transistors. This success led to

1240-569: The Hitachi NAS Platform. Since September 19, 2017, Hitachi Data Systems (HDS) has become part of Hitachi Vantara, a new company that unifies the operations of Pentaho , Hitachi Data Systems and Hitachi Insight Group. The company name "Hitachi Data Systems" (HDS) and its logo is no longer used in the market. Hitachi Consulting , the group's international management and technology consulting subsidiary with headquarters in Dallas, Texas,

1302-543: The Hitachi subsidiary in 2016. In November 2020, it announced that Hitachi Metals and Hitachi Construction Machinery , both being some of the last remaining listed subsidiaries, will likely be detached from the group according to the restructuring plan. In December, Hitachi sold a 60% stake in its overseas home appliance business to Turkish Arcelik for US$ 300 million. In December 2021, it was announced by OPG that they had selected GE-Hitachi to construct two BWRX-300 reactors at

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1364-652: The Kabuto Club ( 兜倶楽部 , Kabuto kurabu ) , meets on the third floor of the TSE building. Most Kabuto Club members are affiliated with the Nihon Keizai Shimbun , Kyodo News , Jiji Press , or business television broadcasters such as Bloomberg LP and CNBC . The Kabuto Club is generally busiest during April and May, when public companies release their annual accounts. The exchange's normal trading sessions are from 9:00 a.m. to 11:30 a.m. and from 12:30 p.m. to 3:00 p.m. on all days of

1426-577: The TSE paid $ 303 million to acquire a 4.99% stake in Singapore Exchange Ltd. The London Stock Exchange (LSE) and the TSE are developing jointly traded products and share technology, marking the latest cross-border deal among bourses as international competition heats up. In July 2008, the LSE and the TSE announced a new joint venture Tokyo-based market, which will be based on the LSE's Alternative Investment Market (AIM). The exchange

1488-559: The UK, from E.ON and RWE for £700 million. In November 2012, Hitachi and Mitsubishi Heavy Industries agreed to merge their thermal power generation businesses into a joint venture to be owned 65% by Mitsubishi Heavy Industries and 35% by Hitachi. The joint venture named Mitsubishi Hitachi Power Systems (MHPS) began operations in February 2014. In 2020 Hitachi transferred its share of the venture to MHI. In October 2015, Hitachi completed

1550-565: The US market. In 2018, Hitachi stopped selling televisions in Japan because its market share had dropped to 1%, opting to sell Sony TVs through its existing dealer network. On March 14, 2018, Zoomdata announced its partnership with Hitachi INS Software to help develop big data analytics market in Japan. In December 2018, Hitachi Ltd. announced it would take over 80% of ABB 's power grid division for $ 6.4 billion renaming it Hitachi-ABB Power Grids in

1612-592: The Wikimedia System Administrators, please include the details below. Request from 172.68.168.226 via cp1108 cp1108, Varnish XID 210720094 Upstream caches: cp1108 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 08:30:53 GMT Tokyo Stock Exchange The Tokyo Stock Exchange ( 東京証券取引所 , Tōkyō Shōken Torihikijo ) , abbreviated as Tosho ( 東証 ) or TSE/TYO , is a stock exchange located in Tokyo , Japan . The exchange

1674-591: The automotive and electronics industries. Among the Hitachi Metals facilities is Hitachi Metal Yasugi Works or Tatara Works, one of the oldest furnaces in Japan, famously featured as a main backdrop in Princess Mononoke , a Japanese animation film set in the Muromachi period . As of September 2020, Hitachi Metals is set to be divested as part of the long-term restructuring plan being executed by

1736-413: The close on January 18 due to the trade volume threatening to exceed the exchange's computer system's capacity of 4.5 million trades per day. This was called the "livedoor shock". The exchange quickly increased its order capacity to five million trades a day. On October 9, 2018, one of the four gateways used for order entry was taken down after Merrill Lynch Japan Securities erroneously tried to establish

1798-596: The company started manufacturing elevators and electric refrigerators. World War II and its aftermath significantly impacted Hitachi, leading to the destruction of factories, post-war internal discord, and the removal of founder Namihei Odaira by the Allied occupational forces. Hitachi went public in 1949, listing on the Tokyo Exchange (TYO:6501). Odaira returned to the company in 1951 when the purge of key pre-war Japanese figures ended. However, he died in October of

1860-540: The company, making it difficult to implement fundamental solutions. These delays in essential reforms proved detrimental when facing the 2007–2008 financial crisis and led to the record loss. This prompted Hitachi to restructure and sell a number of divisions and businesses under the leadership of Takashi Kawamura . From 2008 to 2018, Hitachi reduced the number of its listed group companies and consolidated subsidiaries in Japan from 22 to 4 and around 400 to 202, respectively, through restructuring and sell-offs. It plans to become

1922-485: The compatriot auto suppliers. The rest of the group companies include: Bought by Mitsubishi , it had been the group's financial business arm. Spin-off entities from Hitachi Works include Hitachi Cable (1956) and Hitachi Canadian Industries Limited (founded 1988 in Saskatoon and closed in 2016 as Mitsubishi-Hitachi Power Systems). As Hitachi pulled out of MHPS and handed over the control to MHI , Hitachi Works

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1984-506: The direction of then- Finance Minister Ōkuma Shigenobu and capitalist advocate Shibusawa Eiichi . Trading began on June 1, 1878. In 1943, the exchange was combined with eleven other stock exchanges in major Japanese cities to form a single Japanese Stock Exchange ( 日本証券取引所 , Nippon Shōken Torihikisho ) . The combined exchange was shut down on August 1, days before the bombing of Hiroshima . The Tokyo Stock Exchange reopened under its current Japanese name on May 16, 1949, pursuant to

2046-429: The error; the Tokyo Stock Exchange initially blocked attempts to cancel the order, resulting in a net loss of US$ 347 million to be shared between the exchange and Mizuho. Both companies are now trying to deal with their troubles: lack of error checking, lack of safeguards, lack of reliability, lack of transparency, lack of testing, loss of confidence, and loss of profits. On 11 December, the TSE acknowledged that its system

2108-460: The first consumer HDD with a storage of 1 TB, which was released in the same year. In FY2008, Hitachi lost US$ 7.8 billion, the largest corporate loss in Japanese history up to that point. Since its zenith in the 1980s and 1990s, a number of departments had suffered a decline in efficiency. However, being one of the largest conglomerates in the world at the time, conflicts of interest existed across

2170-429: The fiscal year 2023, it generated approximately 61% of its total revenue of 9.7 trillion yen from international markets. The major contributors to this global revenue were Asia , Europe , and North America , with each region accounting for 22%, 16%, and 16% of the total revenue, respectively. Hitachi's mission is to 'contribute to society through the development of superior, original technology and products'. This ethos

2232-410: The former's wholly owned Hitachi Automotive Systems, to be better equipped for the changing car market environment, frequently represented as CASE, for which they will integrate their assets to accelerate development of new technology and software. Hitachi Astemo is considered a "mega supplier", as annual sales of the four predecessors combined stood at $ 17 billion, placing it as the second largest among

2294-736: The fourth largest company in Japan by market capitalisation in June 2024. Hitachi Vantara is a wholly owned subsidiary of Hitachi which provides hardware, software and services to help companies manage their digital data. Its flagship products are the Virtual Storage Platform (for enterprise storage), Hitachi Unified Storage VM for large-sized companies, Hitachi Unified Storage for small and mid-sized companies, Hitachi Content Platform (archiving and cloud architecture), Hitachi Command Suite (for storage management), Hitachi TrueCopy and Hitachi Universal Replicator (for remote replication), and

2356-590: The group. Hitachi is a major rolling stock manufacturer. Hitachi acquired Italian rolling stock manufacturer AnsaldoBreda in 2015, renaming it Hitachi Rail Italy Hitachi Astemo, which stands for "Advanced Sustainable Technologies for Mobility", is a 67-33 joint venture between Hitachi and Honda , which merged their four auto parts affiliates and division, the latter's three keiretsu companies Showa Corporation , Keihin Corporation , and Nissin Kogyo , and

2418-506: The inability to fail over to backup hardware. Other stock markets in Japan, including regional exchanges in Nagoya, Fukuoka and Sapporo, also suspended trading because they used the same technology platform as the TSE. Meanwhile, derivatives on the OSE continued trading, with Nikkei futures ending the day 0.56% higher. Japan Exchange Group Inc., which operates the Tokyo Stock Exchange, said that

2480-508: The kanji for 'sun' (日, hi ) and 'rise' (立, tachi ), was coined by Odaira. While industrial machinery in Japan was usually powered by steam at the time, Odaira built water power stations in the mine and electrified almost all facilities in the factory. This led to the accumulation of expertise in electrical engineering, and helped the company develop various electrical equipment later in its history. In 1924, Hitachi completed Japan's first mainline electric locomotive ( JNR Class ED15 ). In 1932,

2542-433: The new Securities Exchange Act. The TSE runup from 1983 to 1990 was unprecedented, in 1990 it accounted for over 60% of the world's stock market capitalization (by far the world's largest) before falling precipitously in value and rank one of the 4th largest exchange in the world by market capitalization of listed shares. The current TSE building was opened on May 23, 1988, replacing the original TSE building from 1931, and

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2604-564: The process. In October   2021, the enterprise was rebranded Hitachi   Energy . In 2019, Hitachi sold its medical imaging business to Fujifilm for US$ 1.7 billion. Showa Denko bought Hitachi Chemical from Hitachi and other shareholders, at US$ 42.97 per share. Until then, Hitachi Chemical had been considered to be a core unit of the group. Hitachi also suspended the ABWR development by its British subsidiary Horizon Nuclear Power as it did not provide adequate "economic rationality as

2666-640: The results were published on January 11, 2022. From the First Section, 1841 companies were transitioned into the Prime market and 344 companies were transitioned into the Standard market. All 474 companies in the Second Section were also transitioned into the Standard market. From JASDAQ , all 658 companies in its Standard subsection were transitioned into the Standard market and all 36 companies in

2728-415: The same year at age 77. Despite these challenges, Hitachi demonstrated strong resilience, quickly recovering its pre-war production and technology levels and expanding its business scope. In 1949, Hitachi built its first power shovel, marking the start of what is now Hitachi Construction Machinery . The company also innovated in electric generators during this period. Furthermore, in 1960, Hitachi developed

2790-458: The server-side system. Other contactless fare card systems such as ICOCA and PASMO have been introduced throughout the country since, almost all of which are modelled after Suica and thus mutually compatible. It is now widely used as a contactless payment system in non-railway business as well, and Hitachi has been involved in the series of developments in this area. At the CES 2007 , Hitachi revealed

2852-454: The term Society 5.0 for this). Hitachi Cambridge Laboratory (HCL), a Hitachi-funded research centre within the University of Cambridge founded in 1985, now focuses on quantum computation and magnetism . Hitachi conducts similar initiatives with Kyoto University , Hokkaido University and National Institute of Advanced Industrial Science and Technology as well. Tokyo Stock Exchange Too Many Requests If you report this error to

2914-521: The total revenue in FY2022. Founded in 1910 in Ibaraki Prefecture by electrical engineer Namihei Odaira, Hitachi's first product was Japan's inaugural 4-kilowatt induction motor, designed for copper mining. Originally an in-house venture of Fusanosuke Kuhara's mining company, Hitachi became independent in 1911 and moved its headquarters to Tokyo in 1918. The company's name 'Hitachi', combining

2976-501: The total revenue in FY2022. In the Connective Industries segment, Hitachi offers building systems such as elevators and escalators, healthcare with a focus on less invasive cancer treatments and diverse medical equipment, and a variety of industrial equipment such as air compressors and transformers. Additionally, the segment provides sustainable water and wastewater management. This segment accounted for 27.3 per cent of

3038-578: The total revenue in FY2022. The Green Energy and Mobility segment focuses on developing and providing power systems. This includes power generation, transmission, and distribution systems. In the rail industry, the company is a provider of rolling stock and traction equipment to signaling, traffic management systems, and maintenance depots. A key component of this segment is the ZeroCarbon suite, designed to enable fleet operators to transition to electric vehicles. This segment accounted for 22.9 per cent of

3100-526: The trading floor of the TSE was closed on April 30, 1999, so that the exchange could switch to electronic trading for all transactions. A new facility, called TSE Arrows ( 東証アローズ , Tōshō Arrows ) , opened on May 9, 2000. In 2010, the TSE launched its Arrowhead trading facility. In 2001, the TSE restructured itself as a kabushiki gaisha ("stock company"): before this time, it was structured as an incorporated association ( 社団法人 , shadan hōjin ) with its members as shareholders. On 15 June 2007,

3162-684: The week except Saturdays, Sundays and holidays declared by the Exchange in advance. The exchange is closed for the following holidays: New Year's Day , Coming of Age Day , National Foundation Day , Vernal Equinox Day , Shōwa Day , Constitution Memorial Day , Greenery Day , Children's Day , Marine Day , Respect for the Aged Day , Autumnal Equinox , Health and Sports Day , Culture Day , Labour Thanksgiving Day , and The Emperor's Birthday . Until April 4, 2022, corporate shares are listed and traded at Tokyo Stock Exchange in five market sections:

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3224-404: The world's first electric train seat reservation system, MARS-1 , for Japanese National Railways , allowing nationwide booking for express train seats.Around the same time, Hitachi began expanding its business overseas, with the establishment of Hitachi America, Ltd. 1959. In 1961, Hitachi began selling fully-automated washing machines and completed its first experimental nuclear reactor. In 1964,

3286-417: The world's first fully MOX -fuelled nuclear power station, Fugen . This was an innovative initiative, as MOX was seen as an efficient way of utilising plutonium from nuclear waste, which would otherwise have to be stored in security to ensure that it is not used to build nuclear weapons. In 1978, Hitachi's Twin-Well Hi- CMOS process ushered in a new era in the global semiconductor industry . For instance,

3348-668: The world's first high-speed railway line, the Shinkansen , opened. Hitachi not only built the innovative Series 0 rolling stock but also played a crucial part in developing the equally pioneering Automatic Train Control system (ATC) and the Computer-Aided Traffic Control System (COMTRAC). These contributions helped achieve the Shinkansen's punctual and safe operation. In 1977, Hitachi completed

3410-471: The world's three largest manufacturers by revenue all being Japanese companies by 1987, amongst which Hitachi was counted. Hitachi Europe, Ltd. was established in 1982. In 2001, the contactless fare card system Suica was introduced at 424 JR East stations throughout the Greater Tokyo Area. While the card itself was developed using Sony 's FeliCa system, Hitachi was responsible for building

3472-536: Was also transferred, becoming part of Mitsubishi Power. Other former businesses Hitachi had had include the following: Hitachi has research partnerships with several universities, and funds research centres within these universities. Hitachi-UTokyo Lab., which is a joint research centre with the Faculty of Engineering , University of Tokyo , focuses on the realisation of data-driven and more efficient society (Former Chairman and UTokyo alumnus Hiroaki Nakanishi coined

3534-528: Was at fault in the Mizuho trade. On 21 December, Takuo Tsurushima, chief executive of the TSE, and two other senior executives resigned over the Mizuho affair. On January 17, 2006, the Nikkei 225 fell 2.8%, its fastest drop in nine months, as investors sold stocks across the board in the wake of a raid by prosecutors on internet company livedoor . The Tokyo Stock Exchange suspended trading 20 minutes before

3596-582: Was completed in March 2012. In January 2012, Hitachi announced it would stop producing televisions in Japan. In September 2012, Hitachi announced that it had invented a long-term data solution out of quartz glass that was capable of preserving information for millions of years. In October 2012, Hitachi agreed to acquire the United Kingdom-based nuclear energy company Horizon Nuclear Power , which plans to construct up to six nuclear power plants in

3658-599: Was established in 2009 jointly with London Stock Exchange as an Alternative Investment Market (Tokyo AIM) for small companies. There were a total of 3,821 companies listed in Tokyo Stock Exchange, as of March 31, 2022. companies) (本則市場) Beginning April 4, 2022, the market divisions were restructured into the Prime , Standard and Growth market divisions, differentiated by market liquidity , corporate governance , and other criteria. Companies voluntarily selected their new division between September and December 2021, and

3720-534: Was integrated with Hitachi Vantara in 2019. On November 1, 2023, Hitachi spun off Hitachi Vantara LLC's digital solutions business into a new company, Hitachi Digital Services; Hitachi Vantara now focuses on its storage and hybrid cloud-centric data infrastructure services portfolio. Among other things, Hitachi Metals supplies materials for aircraft engines and fuselage components (e.g. landing gear), along with finished components for same and other aerospace applications. It also provides materials, components and tools for

3782-466: Was launched on January 1, 2013. The TSE is incorporated as a kabushiki gaisha ( joint-stock company ) with nine directors, four auditors and eight executive officers. Its headquarters are located at 2-1 Nihonbashi - Kabutochō , Chūō , Tokyo which is the largest financial district in Japan . The main indices tracking the stock market of TSE are the Nikkei 225 index of companies selected by

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3844-491: Was only able to operate for 90 minutes on November 1, 2005, due to bugs with a newly installed transactions system, developed by Fujitsu , which was supposed to help cope with higher trading volumes. The interruption in trading was the worst in the history of the exchange until October 1, 2020. Trading was suspended for four-and-a-half hours. During the initial public offering of advertising giant Dentsu , in December 2001,

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