In today’s briefing:
- Is Japan’s Culture the Psychology of Managers Who Prefer to Keep Cash on Hand over Higher ROE?
- Progroup – ESG Report – Lucror Analytics
Is Japan’s Culture the Psychology of Managers Who Prefer to Keep Cash on Hand over Higher ROE?
- While many companies have disclosed enhanced shareholder returns, dividend payout ratio in 30% range and no increase, and 4% increase in total dividends from the previous year, is not enough.
- Since DOE remains at just under 3% same as the previous year, few companies allocate enough cash to dividend to reduce Shareholder’s Equity, and consequently ROE is expected to lower.
- Cash on hand in September is at all-time high. Behind the ROE, which shows no sign of rising, is the psychology of managers who want to keep cash on hand.
Progroup – ESG Report – Lucror Analytics
Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Progroup’s ESG as “Adequate”, in line with its Environmental, Social and Governance pillars. Controversies are “Immaterial” and Disclosure is “Adequate”.
Progroup is a leading family-owned producer and supplier of containerboard and corrugated board in Central Europe.
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