In today’s briefing:
- “TSE’s Request” and Dissolution of Cross-Shareholdings Are Behind the Increase in Share Repurchases
“TSE’s Request” and Dissolution of Cross-Shareholdings Are Behind the Increase in Share Repurchases
- Dividends are still the mainstay of shareholder returns, but shareholder returns, including share buybacks, became a standard “P/B raising measure,” which is why share buybacks increased on a company-by-company basis.
- Share repurchases increased significantly this year as large cross-holding share dissolutions were undertaken through share repurchases. Share buybacks will continue increasing due to share repurchases for dissolution of cross-shareholdings.
- Companies that have been reluctant to retire treasury stock are finally moving to do so. This is expected to be a change of the companies.
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