In today’s briefing:
- The Real Goal of a Company that Wants to Remain in Prime Market Is to Remain in TOPIX
The Real Goal of a Company that Wants to Remain in Prime Market Is to Remain in TOPIX
- Since simply increasing shareholder returns won’t increase corporate value/market cap, it’s more natural to present shareholder return policy together with reasonable earnings target, even when such policy is put forth.
- In fact, the companies exemplified in the Nikkei article saw share prices rise for companies with positive earnings outlooks and increased conviction that they will meet their medium-term earnings targets.
- This is a more serious and urgent issue for transitional companies, as companies with market cap of less than 10 billion yen in October 2023 will be excluded from TOPIX.
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