Chapter 08 · Finance, data & evidenceSustainability Language
Phase 1
Definition
(FY beginning on/after 1 Apr 2027): **Prime market** issuers with market cap **≥¥3 trillion**. **Phase 2** (≥¥1tn) and **Phase 3** (≥¥500bn) timing TBD by FSA (signals: FY2028/FY2030 or later).
References
Japanscope
(FY beginning on/after 1 Apr 2027): **Prime market** issuers with market cap **≥¥3 trillion**. **Phase 2** (≥¥1tn) and **Phase 3** (≥¥500bn) timing TBD by FSA (signals: FY2028/FY2030 or later).
SSBJ Standards + FIEA mandatory amendmentFIEA amendment (Cabinet Order, in force 15 Jul 2026) · verified 2026-08-22
Overview
The overview for this term is being prepared.