Daily BriefsESG

Daily Brief ESG: Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings and more

In today’s briefing:

  • Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings


Increasing Pressure from Investors for Dissolution of Parent-Subsidiary (Inc. Affiliates) Listings

By Aki Matsumoto

  • There are 167 companies of 1,784 companies in Metrical Universe (12/2023) with major shareholders holding over 50% stake, and 605 companies with major shareholders holding between 20% and 50% stake.
  • TSE has requests listed parent companies, listed subsidiaries, and affiliates to disclose the significance of parent-subsidiary (affiliates) listings. This will further increase pressure for the dissolution of parent-subsidiary (affiliates) listings.
  • Hitachi’s transformation into value-creating company, which once spawned numerous listed subsidiaries, has been a success story since it began full-fledged “selection and concentration” process through the dissolution of parent-subsidiary listings.

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