JASDECJapan Securities Depository Centre
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As part of government measures, electronic data on all stock certificates will be transmitted via their owners' accounts at their brokerage firms to JASDEC, which is a joint stock company funded by Tokyo Stock Exchange Group Inc., the Japan Securities Dealers Association and major securities houses and banks.
According to JASDEC, about 95.1 percent of all outstanding shares are believed to have been converted into electronic data, while the remaining 4.9 percent, representing around 17.8 billion shares, are still believed to be kept in homes or elsewhere as printed certificates.
If delisted from the TSE, Livedoor will no longer be able to use JASDEC for depositing equity shares.