Daily BriefsJapan

Daily Brief Japan: Tokyo Stock Exchange Tokyo Price Index Topix, Yokogawa Electric and more

In today’s briefing:

  • How Much Progress Has Been Made in Understanding the Concept of Shareholder Capitalism Since 1990s?
  • Yokogawa Electric (6841 JP): Carbon-Neutral Industrial Park & Green Hydrogen

How Much Progress Has Been Made in Understanding the Concept of Shareholder Capitalism Since 1990s?

By Aki Matsumoto

  • Looking back at the genesis of the scandals that are still recurring, the cause has always been lack of awareness of legal compliance. When cross-shareholdings were prevalent, shareholders were underestimated.
  • How widespread has the understanding of the concept of shareholder capitalism, including the cost of capital, become? The starting point is that management must comply with legal compliance.
  • The problem is that the statutory auditors had the authority to function even though independent directors didn’t exist. Diversity is important to create a board of directors that can dissent.

Yokogawa Electric (6841 JP): Carbon-Neutral Industrial Park & Green Hydrogen

By Scott Foster

  • Yokogawa is diversifying with integrated controls systems for green hydrogen plants in the Netherlands and Australia and a carbon neutral industrial park in Japan.
  • Holland Hydrogen I, the YURI hydrogen project and the Goi and Soga Complex take the company beyond oil, gas and petrochemicals.
  • Based on long-term energy and environmental priorities, these projects should be immune to recession.

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