In today’s briefing:
- Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins

Companies May Worked on Raising OP Margin in Minor Ways Without Working on Raising Gross Margins
- Japan’s declining % global GDP and the number of top companies in market capitalization shows that simply boosting profits through yen depreciation left behind the growth speed of global competitors.
- While many Japanese companies tried to improve profit margins by reducing labor costs and other expenses, few have managed to improve gross profit margins, which relate to their business models.
- The fact that few companies have taken steps to shift to higher value-added products and services is why the yen rate remains a key factor in stock valuations.
