Daily BriefsESG

Daily Brief ESG: Will Disclosure for This P/B Rise Based on the Failure of Transitional Companies “Plan” Work? and more

In today’s briefing:

  • Will Disclosure for This P/B Rise Based on the Failure of Transitional Companies “Plan” Work?


Will Disclosure for This P/B Rise Based on the Failure of Transitional Companies “Plan” Work?

By Aki Matsumoto

  • The fact that many companies have low actual returns is the crux of the problem; investors will likely increase pressure on the companies as ROEs haven’t increased noticeably in 2023.
  • TSE may have indicated the points for disclosure, based in part on the experience of few companies that achieved the listing criteria by successfully disclosing their “plans” for transitional measures.
  • March 2023, TSE published “Request for Disclosure on the Status of Dialogue with Shareholders.” However, mismatches between companies and investors makes it difficult to require all prime market companies this.

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