Toshiba Shares Rise 16% on TSE-1 Return Announcement

25 January 2021

    Japan’s Toshiba shares have hit the highest level in three years after the company revealed plans to return to the TSE-1 section of the Tokyo and Nagoya stock exchanges after a long absence.


    The move date is scheduled for the 29th of January, meaning that the company’s shares will be added to market indexes and enable domestic active funds to buy the stock. 


    The return to TSE-1 will enable Toshiba to rejoin the Topix index at the market close on the 25th of February, special-situations analyst Travis Lundy told Bloomberg. Lundy also forecasted that the inclusion will require passive funds to buy 58 million shares, or 13% of outstanding stock.


    “A Topix inclusion of this size is a rare species … long-suffering activists may rejoice. This creates liquidity for a partial exit”, he commented.


    The move comes after Kurumatani said Toshiba is ready to restart pursuing acquisitions and business expansion in December. He also reaffirmed Toshiba’s intent of divesting its stake in former flash memory unit Kioxia.


    “One thing that changed is that I’m in charge now … the board is also applying very stringent standards to acquisitions. It’s a completely different company when it comes to the rigor brought to thinking about and screening deals,” Kurumatani said.

    *The products advertised are only available to clients under Fondex Limited Seychelles (SDL No: SD037).


Cookies on Fondex

The Fondex website uses cookies to optimise user experience.

These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.

Manage Preferences

You can customize your selection of which cookies you want to accept.

  • Essential

    These cookies are necessary for the website to function correctly and cannot be switched off.

  • Functional

    Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.

  • Marketing

    These cookies are used to track visitors across our websites and show you more relevant ads. Marketing cookies also include third-party cookies from partners. For more information relating to data protection & collection please view our Privacy Policy and Cookie Disclosure.


The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit