📡 Disclosure system

What Is TDnet? Japan's Timely Disclosure System, Explained for Investors

TDnet is where Japanese listed companies publish earnings, forecast revisions, buybacks and M&A. Learn what it contains, how it differs from EDINET, and how to follow it in English.

October 23, 2026

🔎 Practical guide

How to Follow Japanese Small-Cap Stocks When the Company Doesn't Publish in English

Many smaller Japanese companies publish only in Japanese. A practical workflow for foreign investors: what English information exists, how to read the numbers, and how to avoid mistakes.

October 23, 2026

📄 Disclosure system

What Is EDINET? Japan's Statutory Filing System, and How It Differs from TDnet

EDINET is where Japanese companies file securities reports, large shareholding reports and tender offer documents. See what it contains and how it differs from TDnet.

October 23, 2026

📝 Disclosure system

Kessan Tanshin: How to Read a Japanese Earnings Release

A guide to the kessan tanshin, the standard earnings release of Japanese listed companies: its layout, key terms like ordinary profit, timing, progress rates and common misreadings.

October 23, 2026

📖 Disclosure system

Yuho (Securities Report): How to Read Japan's Annual Report Filing

The yuho is the annual securities report Japanese listed companies file on EDINET. Learn its structure, which chapters investors read first, and how to read the risk factors and MD&A.

October 23, 2026

📈 Earnings

Earnings Forecast Revisions in Japan: Why They Matter and How the Market Reacts

Japanese companies publish earnings guidance and revise it through a TDnet notice. Learn when revisions are required, how to read upward and downward revisions, and why the consensus matters.

October 23, 2026

🏦 Ownership

Japan's Large Shareholding Reports (the 5% Rule): How to Track Activists and Big Holders

Anyone above 5% of a Japanese listed company must file a large shareholding report. Learn the 5% rule, change reports, the May 2026 reforms and how to read a filing.

October 23, 2026

📢 Corporate events

Tender Offers (TOB) in Japan: How They Work and What to Check

How Japanese tender offers work: the process and timeline, the mandatory tender offer rules (revised May 2026), MBOs, premiums, the target's opinion and what shareholders can do.

October 23, 2026

💴 Capital policy

Share Buybacks in Japan: Treasury Shares, Cancellation and What to Check

How Japanese share buybacks work: why companies do them, the EPS effect, on-market purchases vs. ToSTNeT-3 vs. self-tender, and why cancellation of treasury shares matters.

October 23, 2026

💵 Capital policy

Why Do Japanese Stocks Fall on Public Offerings (Capital Increases)?

Public offerings in Japan usually push share prices down because of dilution and supply pressure. Learn how EPS dilution works, why use of proceeds matters, and how MSCBs and third-party allotments differ.

October 23, 2026