In today’s briefing:
- Is the Decline in Number of Listed Companies the Beginning of a Shift to Value-Creating Management?

Is the Decline in Number of Listed Companies the Beginning of a Shift to Value-Creating Management?
- While the number of listed companies worldwide has been on a declining trend, the TSE has experienced growth in market capitalization, but growth in market capitalization has been slow.
- TSE requested companies to raise their P/B, but admits that many companies have yet to reach this goal and that it’ll take considerable time to change to such management style.
- Shareholder proposals are increasing. This could hasten the shift to value-creating management, or companies that find it burdensome as a cost of listing may choose to go private.
