In today’s briefing:
- Looking at Policy Shareholdings as a Percentage of Total Assets Reveals a Different Aspect
Looking at Policy Shareholdings as a Percentage of Total Assets Reveals a Different Aspect
- Toyota Group and non-life insurances, which recently announced reductions in their policy shareholdings, are well-known for their large holdings, but a look at total asset ratios reveals a different aspect.
- Companies with high policy shareholdings relative to total assets have lower ROE and ROA as well as foreign ownership, market capitalization, and valuations.
- These companies with inconspicuously held policy shares are reluctant to take corporate governance initiatives and face many challenges in both board practices and key actions.