Kawasaki Heavy Industries Ltd.: Tokyo Stock Exchange

Tokyo Stock Exchange: The exchange will seek clearer comments on an individual basis and keep track of companies responses, according to Taisuke Maruo, a senior manager in the listing department at the Tokyo Stock Exchange 1345 , JPXs cash equities trading venue. The TSE had said in July it was looking to come up with new rules by the end of 2013, after Kawasaki Heavy Industries Ltd. 7012 issued conflicting statements on merger talks with a competitor, according to Business Week. TSE-listees have been urged by the exchange, the worlds third biggest, to step-up communication when responding to media reports that reveal a company has done, or is about to do, something that might affect its share price. Its push follows complaints from overseas investors over unclear or incomplete disclosure. Media Reports Japan Exchange Group Inc. 8697 scrapped a plan to adopt tougher disclosure rules, saying the nations companies are getting better at communicating with investors. We ve been asking listed companies to disclose more on important matters when we consider it necessary, Maruo said in an April 4 interview. The TSE is satisfied with the improvement seen since the middle of last year and companies have got passing marks on almost all of their important disclosures, he said. (news.financializer.com). As reported in the news.