Participation in Investor Communications Japan (ICJ) Proxy Platform Surpasses 1,700 Listed Companies

TOKYO, July 27, 2022 /PRNewswire/ — Investor Communications Japan (ICJ), a joint venture of Broadridge Financial Solutions, Inc. (NYSE:BR), a global leader in fintech, and the Tokyo Stock Exchange Inc. (TSE), today announced that the number of companies issuing shares on its electronic proxy voting platform (the Platform) exceeded 1,700 registrations, an increase of 499 companies since June 2021.

From June 2022, more than 1,600 companies listed on the TSE Prime Market participate in the Platform, representing 87% of the companies in this market or 98% in terms of market capitalization. In addition, more than 100 companies listed on the standard market and more than 20 companies listed on the growth market participate in the platform, and as of June this year, more than 1,200 of all companies listed on the TSE who held general meetings of shareholders participated in the Platform (up more than 300 companies).

“A growing number of listed companies and institutional investors seek to ensure sufficient time to exercise their voting rights based on constructive dialogue and the platform better enables this process,” said the ICJ President, Shigeo Imakiire. “This increase in the number of companies joining the Platform is proof that the voting environment has improved considerably to facilitate the objectives of from Japan Corporate governance and stewardship codes.”

“ICJ will continue to work to strengthen the competitiveness of from Japan capital markets and advancing corporate governance through the digitization of shareholder meeting processes. ICJ aims to support effective dialogue between companies and investors, as well as the achievement of greater operational efficiency and the provision of valuable services for participants in the general meeting of shareholders.

Digitization and streamlining
“Broadridge is proud to support the continued growth of electronic proxy voting in Japandelivering innovative digital technology solutions to benefit issuers and investors and helping to modernize the industry,” said Demi Derem, Managing Director of International Investor Communication Solutions at Broadridge. “Thanks to our collaboration in the Japan market, we enable greater issuer and shareholder participation, market-wide transparency, and set the standard for proxy communications and voting. »

The ICJ platform digitizes shareholder meeting processes to streamline operations and contribute to the competitiveness of from Japan capital markets. It helps listed companies engage constructively with institutional investors by providing the opportunity for well-informed engagement before, during and after shareholder meetings.

Increased interest
Listed Japanese companies using the platform have increased significantly following its March 2006 launched and accelerated after the implementation of the Code of Corporate Governance in 2015 and the recommendation to use the Platform by the Study Group of the Ministry of Economy, Trade and Industry on the promotion of the electronicization of processes for Shareholders’ Meetings in 2016.

More recently, a revision to the Corporate Governance Code in 2021 that requires companies listed on the Prime Market to promote the use of e-voting platforms has further accelerated this trend. After almost 18 years, the Platform has become a key part of the infrastructure of from Japan capital markets.

ICJ is part of Broadridge’s local market commitments to improve corporate governance and increase shareholder democracy at the national level in markets around the world. Broadridge’s infrastructure serves as a global communications hub, enabling higher standards of corporate governance and investor management by connecting thousands of public companies and mutual funds to tens of millions of individual investors. and institutions around the world.

About Broadridge
Broadridge Financial Solutions (NYSE:BR), a global fintech leader with $5 billion in revenue, provides the essential infrastructure that powers investment, corporate governance and communications to improve financial lives. We provide technology-driven solutions that drive business transformation for banks, brokerages, asset and wealth managers, and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by connecting thousands of public companies and mutual funds to tens of millions of individual and institutional investors worldwide. Our technology and operational platforms underpin the day-to-day transactions of more than 9 trillion dollars stocks, fixed income and other securities globally. Certified Great Place to Work®, Broadridge is part of the S&P 500® index and employs more than 13,000 people in 21 countries. For more information about us, please visit

About the ICJ
Investor Communications Japan, Inc. (ICJ) exclusively provides electronic proxy voting platform services to Japanese issuers and global institutional investors. Participants in the ICJ platform are: 1,738 Japanese issuers, 6 transfer agents, 3 principal banks, 6 sub-custodian banks, 17 global custodian banks and approximately 4,500 institutional investors worldwide. ICJ delivered 36% of all voting shares of ICJ’s participating issuers in June 2022 AGM high season. For more information about the ICJ and participating issuers, please visit

Media contact:
Ashton Council: [email protected]

SOURCEBroadridge Financial Solutions, Inc.

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