In today’s briefing:
- Big Gap Between Companies that “don’t Have a Gap in Investors’ Viewpoints” and Those that Don’t

Big Gap Between Companies that “don’t Have a Gap in Investors’ Viewpoints” and Those that Don’t
- A common feature of the three companies that clearly indicated the conditions for implementing share repurchases and their position in the cash allocations is high foreign ownership.
- Japanese companies’ share buybacks are less than 10% of net income, but on a cash flow basis, taking depreciation into account, share buybacks would be much less.
- If the cost of capital was calculated, it shouldn’t be tremendous requirement to indicate cash allocation and share repurchase terms necessary for targeted return on capital and corporate value.