In today’s briefing:
- BayCurrent (6532) | Jumping in Ahead of Earnings
- No Causality Between Shareholder Proposal Withdrawal and Share Price, but Dialogue Is a Good Thing
BayCurrent (6532) | Jumping in Ahead of Earnings
- The company will report Q1 earnings today. We think they will beat expectations
- The stock has been a poor performer so far this year, despite profitable growth
- BayCurrent is THE key beneficiary of Digital Transformation in Japan
No Causality Between Shareholder Proposal Withdrawal and Share Price, but Dialogue Is a Good Thing
- I would like to discuss about the Nikkei article, “Shareholder Proposal ‘Withdrawn,’ Share Price Firm; Dialogue Leads to Compromise.”
- Regarding “share prices of companies whose shareholder proposals are withdrawn are firm during sharp sell-off,” there seems little proof of causal relationship between withdrawal of shareholder proposals and stock performance.
- Although Japanese corporate culture has tradition of doing everything without making a fuss, Japanese managers need to have serious discussion with shareholders on the balance between growth and shareholder returns.
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