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TSE Stock Loans in Japan

Stock loans (securities-backed financing) against shares listed on Tokyo Stock Exchange (TSE) — for family offices, founders and controlling shareholders.

01 · The Market
Asia

About Tokyo Stock Exchange.

Tokyo Stock Exchange is the principal cash-equity venue of Japan. Founded in 1878 (Tokyo Kabushiki Torihikijo); reorganised 1949; JPX merger 2013, it operates under the oversight of Financial Services Agency (FSA), and its leading benchmarks are Nikkei 225, TOPIX. Listing standards are set out in the TSE Securities Listing Regulations; Financial Instruments and Exchange Act.

Japan’s senior equity venue, where the 2022 segment reform raised free-float and governance standards on the Prime Market. Long-standing cross-shareholding relationships remain a defining feature of large-cap TOPIX names and a factor in how a line trades.

02 · Eligibility
For Institutional Positions

What qualifies on TSE.

TSE ranks among the deepest equity pools anywhere; eligibility turns on the stock itself — its free float, daily traded volume, and how concentrated the line is.

For any given TSE position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).

03 · Disclosure
FSA

Framework cited on TSE.

The principal regulatory reference on TSE is FIEA Large Shareholding Report. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

See the full process →

04 · FAQ
TSE · Stock Loans

What holders ask about TSE.

01How much can I borrow against a TSE-listed holding?
The loan-to-value is set to the specific holding — free float, daily traded volume, volatility, and your regulatory standing. We quote indicative ratios only after reviewing the actual TSE position.
02Which TSE segments can I borrow against?
We look at each case across the segments Tokyo Stock Exchange runs: Prime Market (post-2022 restructuring); Standard Market; Growth Market. Higher tiers are usually simpler to structure, as free float and liquidity are deeper.
03What currency can the facility be drawn in?
The default is JPY, the listing currency. Cross-currency structures are common and readily arranged.
05 · Other Venues
Japan

Other venues.

Hong Kong · China · South Korea · Taiwan · Singapore · Australia

Japan overview →

A particular TSE holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.