noun
Second Section company (Tokyo Stock Exchange)
Refers to a company listed on the Second Section of the Tokyo Stock Exchange, which typically has less stringent listing requirements than the First Section. This term is specific to the Japanese stock market context.
その企業は二部上場企業から一部上場企業に昇格した。
That company was promoted from a Second Section company to a First Section company.
二部上場企業の株は一部に比べて流動性が低いことがある。
Stocks of Second Section companies sometimes have lower liquidity compared to the First Section.
Compound of 二部 (にぶ, 'second section') + 上場 (じょうじょう, 'listing') + 企業 (きぎょう, 'enterprise'). The term is directly derived from the structure of the Tokyo Stock Exchange.