In today’s briefing:
- “Requests” Through Overseas Investor Engagement Will Continue to Be More Effective than TSE Requests
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
“Requests” Through Overseas Investor Engagement Will Continue to Be More Effective than TSE Requests
- In Japan, many companies have large gap between their stock price and their intrinsic value due to issues related to the use of assets and other resources or cash flow.
- Companies want to use the example of “improvement measures” to be released by TSE in January as a template, so we can’t expect “management is serious about tackling this issue.”
- The fact that ROE has improved modestly over the past decade indicates that management hasn’t made fundamental changes to traditional management strategies to address the challenges faced by individual companies.