US IPO

A Guide to the US Capital Markets for Japanese Companies Vol.1

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NTT DoCoMo and Kyocera delisting from NYSE in 2018 In April 2018, NTT DoCoMo delisted its ADR from the New York Stock Exchange (NYSE).  This follows Nippon Telegraph and Telephone Corporation’s (NTT) (holding company of the NTT Group) delisting from the NYSE in April 2017.  In February 2018, Kyocera announced that it was also delisting from the NYSE, which is expected to be completed by September of the same year.  NTT DoCoMo, as a reason for deciding to delist from NYSE, said, “the external environment has significantly changed as indicated by the increases in trading volume of Japanese stocks through stock exchanges in Japan by overseas investors due to the internationalization of the Japanese financial and capital markets, as well as the narrowing of the […]

US GAAP

SEC proposed changes to Regulation S-K

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SEC regulation s-k

  SEC proposed changes to Regulation S-K Summarized to the Bits SEC issued proposed changes to Regulation S-K. This proposal does not change significantly the current disclosure requirement, however, this revision of Regulation S-K includes a number of minor revisions and thus it is the most extensive revision in 30 years since its issuance. It seems that the most significant influence the proposed changes may have in actual practice is regarding the disclosure of Management’s Discussion and Analysis (MD&A), while the comparison period is shortened, it is expected that further enhancement of disclosure content is required. We posted an analysis of the proposed changes on our Japanese blog, which can be viewed here. If you would like a full English translation of the post in […]