Daily BriefsESG

Daily Brief ESG: For Companies Surviving on TOPIX and more

In today’s briefing:

  • For Companies Surviving on TOPIX, Resolving Cross-Shareholdings and Achieving Growth Are Essential


For Companies Surviving on TOPIX, Resolving Cross-Shareholdings and Achieving Growth Are Essential

By Aki Matsumoto

  • Even when the TOPIX constituents are narrowed down to 1,200 stocks, the impact on market capitalization differs between those that remain and those that do not.
  • Measures to increase the free-float market capitalization (20 billion yen level) used in the TOPIX calculation criteria involve reducing fixed shares such as cross-shareholdings and raising stock prices.
  • Presenting a compelling performance outlook that demonstrates the expansion of corporate value is key to increasing market capitalization, and showing signs of this in recent performance is paramount.

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