Participation in Investor Communications Japan (ICJ) proxy platform exceeds 1,700 listed companies

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

away June 2022Over 1,600 companies listed on the TSE Prime Market participate in the platform, representing 87% of the companies in that market, or 98% by market capitalization. In addition, over 100 standard market listed companies and over 20 growth market listed companies participate in the platform, and in June this year, over 1,200 of all TSE listed companies holding general meetings of shareholders participated in the platform (to over 300 companies increased).

“More and more listed companies and institutional investors are making efforts to ensure sufficient time for the exercise of voting rights based on constructive dialogue and the platform better facilitates this process,” said ICJ President, Shigeo Imakiire. “This increase in companies joining the platform is evidence that the voting environment has improved dramatically to facilitate the goals of Japan’s Corporate Governance and Stewardship Codes.”

“ICJ will continue to work to strengthen the competitiveness of Japan’s capital markets and promote corporate governance through the digitization of general meeting processes. ICJ aims to support effective dialogue between companies and investors and realize greater operational efficiency and provide valuable services to the participants of the general meeting.”

Digitization and rationalization
“Broadridge is proud to support the continued growth of electronic proxy voting Japanby delivering innovative digital technology solutions to benefit issuers and investors and modernize the industry,” said Demi Derem, Managing Director of International Investor Communication Solutions at Broadridge. “Through our collaboration in the Japan market, we are enabling greater issuer and shareholder participation, market-wide transparency, and setting the standard for proxy communications and voting.”

The ICJ platform digitizes shareholder meeting processes to streamline operations and help companies remain competitive Japan’s capital markets. It helps listed companies engage constructively with institutional investors by providing an opportunity for informed engagement before, during and after shareholder meetings.

Increased interest
Listed Japanese companies using the platform increased significantly thereafter March 2006 started and accelerated after the implementation of the Corporate Governance Code in 2015 and the recommendation to use the platform by the Study Group of the Ministry of Economy, Trade and Industry to promote the electronification of shareholder meeting processes in 2016.

More recently, an overhaul of the Corporate Governance Code in 2021, which requires Prime Market-listed companies to encourage the use of electronic voting platforms, further accelerated this trend. After almost 18 years, the platform has become an important part of the infrastructure Japan’s capital markets.

ICJ is part of Broadridge’s local market commitments to improve corporate governance and strengthen shareholder democracy nationally in markets around the world. Broadridge’s infrastructure serves as a global communications hub, enabling higher standards of corporate governance and investor servicing, connecting thousands of public companies and mutual funds with tens of millions of individual and institutional investors around the world.

About Broadridge
Broadridge Financial Solutions (NYSE: BR), a leading global fintech company with 5 billion dollars in revenue, provides the critical infrastructure that drives investment, governance and communications to enable better financial living. We deliver technology-enabled solutions that drive business transformation for banks, broker-dealers, wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub that enables corporate governance by connecting thousands of public companies and mutual funds with millions of individual and institutional investors around the world. Our technology and operational platforms support the daily trading of more than 9 trillion dollars of equities, fixed income and other securities worldwide. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index and employs over 13,000 people in 21 countries. For more information about us see

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

Media contact:
Ashton Consulting: [email protected]

Broadridge logo. (PRNews Photo/Broadridge Financial Solutions)

Investor Communication Japan

Investor Communication Japan



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