In today’s briefing:
- Only Seriousness of Shareholder Return Can Judge Change in Management in 1 Year After TSE’s Request
Only Seriousness of Shareholder Return Can Judge Change in Management in 1 Year After TSE’s Request
- Since companies with higher foreign ownership have better profitability and corporate governance practices, it can be inferred that the overseas investor engagement has improved the company’s profitability and corporate governance.
- If the company’s management has changed to value-creating management through the overseas investor’s engagement, the company isn’t expected to change to value-creating management in just one year after “TSE’s request”.
- Many companies that do not receive overseas investor engagement have more room for improvement in aspects of management strategy execution and will be evaluated over time for improvements in profitability.