In today’s briefing:
- Is TSE List Effective? Companies Need to Demonstrate Momentum in Raising Their Capital Profitability
Is TSE List Effective? Companies Need to Demonstrate Momentum in Raising Their Capital Profitability
- For investors targeting large-cap companies, improvements in ROE and P/B are almost expected. However, for the majority of smaller-cap companies, such improvements have not yet reached a visible level.
- Lately, while P/B of companies with low market capitalization is rising, ROE growth remains sluggish. If ROE remains slow, support from BoJ’s continued monetary easing policy must play significant role.
- It is unreasonable to expect investors to take an interest solely through IR outreach without providing evidence that signals change within the company or convinces investors that change is imminent.
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