In today’s briefing:
- Companies that Wish to Distance from Facing Shareholders Are Unlikely to Achieve Management Reform
Companies that Wish to Distance from Facing Shareholders Are Unlikely to Achieve Management Reform
- The increase in stock splits reflects a shift toward meeting the needs of individual shareholders of listed companies, occurring as cross-shareholdings decline and the presence of overseas investors grows.
- Companies unwilling to increase foreign ownership further use stock splits to boost individual shareholders. Companies with low stock prices use it to meet as a tool of TSE’s P/B request.
- It has become clear that increasing the foreign ownership is a higher priority than the increased costs associated with the rise in the number of shareholders resulting from stock split.
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