In today’s briefing:
- Reasons Why the TSE’s Request to “improve IR System” Seems to Be Ineffective This Time

Reasons Why the TSE’s Request to “improve IR System” Seems to Be Ineffective This Time
- TSE plans to mandate the development of IR system, but since most companies disclosed that they have already taken action, fewer companies will move to do something from now on.
- Analysis of IR disclosure and stock valuations showed that IR disclosure scores did not differ among the five groups of companies by percentage change in Tobin’s Q.
- The fact that many companies haven’t been able to provide capital profitability and management strategies that investors seek has led to reluctance to hold briefings to communicate with overseas investors.