Peer pressure is new activist tool for Japan Inc

KDDI

10/01/2024 02:26

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Anshuman Daga
       SINGAPORE, Jan 10 (Reuters Breakingviews) - The Tokyo
Stock Exchange is set to name all the companies which responded
to its push for better capital efficiency and returns. The
bourse is betting transparency will shame the rest into action.
Success could pull investors and M&A bankers alike to the $6
trln market.
    Full view will be published shortly.
    Follow @anshumandaga on X
         
    CONTEXT NEWS 
    The Tokyo Stock Exchange will on Jan. 15 publish a list of
companies that have disclosed information on how they intend to
improve capital efficiency and valuation. The list will be
updated monthly.
    The bourse last year pushed all its listed companies to take
action to boost their valuation, including those that trade
below book value or those with a low return on equity or high
cost of capital.

 (Editing by Antony Currie and Katrina Hamlin)
 ((For previous columns by the author, Reuters customers can
click on  DAGA/ 
anshuman.daga@thomsonreuters.com; Reuters Messaging:
anshuman.daga.thomsonreuters.com@reuters.net))