Daily BriefsESG

Daily Brief ESG: Don’t Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings and more

In today’s briefing:

  • Don’t Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings

Don’t Forget to Check for Deemed Shares Even if a Company Have Reduced Its Policy Shareholdings

By Aki Matsumoto

  • I believe the change in TOPIX float calculation criteria had significant impact on the pace of reductions last year. It’s necessary to pay attention to whether the pace will continue.
  • “Deemed shares held” are shares contributed to the retirement benefit trust, and the company retains the right to direct the voting rights. Remember that cross-held shares exist here as well.
  • I would like listed companies to settle the issue of policy shareholdings as soon as possible and focus on how to raise profit margins, which is the biggest issue.

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