The Tokyo Stock Exchange aims to list itself in the 2005 business year by improving its profitability during a midterm management program from 2002 to 2004.
The TSE said Tuesday it will enhance the functions of its market and strengthen its international competitiveness. while improving profitability through cutting costs.
It will shed 100 employees to achieve a staff level of 730 during the period and target more than 80 companies a year for new listings.
The TSE converted itself to a stock company in November.
It expects to post 42 billion yen in operating revenues in the 2004 business year, up 4 percent compared with the 2001 outlook, and 37.5 billion yen in operating expenses, down 8.3 percent.