OSAKA -- The Osaka Securities Exchange on Thursday formally absorbed the defunct Kyoto Stock Exchange, which closed the previous day after 117 years in business.
This marked the third merger and acquisition in Japanese bourses, following the merger of the Niigata and Hiroshima exchanges into the Tokyo Stock Exchange.
Two companies that had been listed exclusively on the Kyoto exchange -- Goo Chemical Co. and Kyoto Hotel Ltd. -- have been transferred to the second section of the Osaka exchange.
The Kyoto bourse, established in 1884, was particularly active in the early 1960s, listing shares of prominent local companies, including Omron Corp., Nintendo Co. and Murata Mfg. Co.
Transactions at the Kyoto bourse went into a tailspin as investors chose to deal at the Tokyo and Osaka exchanges. The OSE agreed in October to take over the Kyoto bourse.