In today’s briefing:
- Compared to the TOPIX, Which Has Clear Criteria, the TSE Prime Market Appears Vague
Compared to the TOPIX, Which Has Clear Criteria, the TSE Prime Market Appears Vague
- To avoid being delisted from the TOPIX components, a company must reduce its cross-holdings and raise its stock price. Strengthening engagement with investors is also an effective strategy.
- While the TOPIX is clearly defined based on market capitalization of free-floating shares, the TSE Prime Market exhibits a certain ambiguity that seems to favor listed companies over investors.
- Stocks that are removed from TOPIX will need to attract investor attention through outperforming earnings more than ever before. They will also lose opportunities for engagement with domestic institutional investors.
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