In today’s briefing:
- It’s Not a Lack of Analyst Coverage that Is Causing the Lack of Trading…..

It’s Not a Lack of Analyst Coverage that Is Causing the Lack of Trading…..
- 70% of Tokyo market is traded by overseas investors, so even companies with smaller market capitalization need to catch the attention of overseas investors by increasing their return on capital.
- It is possible that the difference in stock valuations over the past few years has been due to a greater difference in return on capital between large-cap and small-cap stocks.
- Skillful IR alone is not enough to raise stock price valuations. The IR department must have management who can execute management strategies and personnel who can formulate persuasive plans.