Daily BriefsESG

Daily Brief ESG: A Fundamental Discussion of the Nature of Policy Shareholdings Will Be Required and more

In today’s briefing:

  • A Fundamental Discussion of the Nature of Policy Shareholdings Will Be Required

A Fundamental Discussion of the Nature of Policy Shareholdings Will Be Required

By Aki Matsumoto

  • The reduction of policy shareholdings of companies (excluding financials) for March fiscal year end companies was 2.3 trillion yen, about 600 billion yen more than in the previous fiscal year.
  • It was a special year in which changes in the TSE’s criteria regarding tradable shares included in the market’s listing criteria contributed to the reduction of policy shareholdings.
  • Going forward, companies will need to discuss the nature of cross-shareholdings based on capital allocation even more than they do now.

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