Daily BriefsESG

Daily Brief ESG: Reasons Why the TSE’s Request to “improve IR System” Seems to Be Ineffective This Time and more

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

By Aki Matsumoto

  • 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.

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