Daily BriefsJapan

Daily Brief Japan: TSE Tokyo Price Index TOPIX and more

In today’s briefing:

  • For Increasing TOBs and MBOs, Managers Should Be Aware of Listing Costs and PE Market Should Expand


For Increasing TOBs and MBOs, Managers Should Be Aware of Listing Costs and PE Market Should Expand

By Aki Matsumoto

  • Companies with large shareholders’ interests of 20% or more account for 779 of 1,784 companies in Metrical Universe. A number of companies are investment targets as TOB  and MBO candidates.
  • Companies with large shareholder influence may feel distanced from general corporate governance practices, but their interests are aligned with those of minority shareholders in terms of shareholder-oriented management.
  • For quality markets, it’s necessary to reduce the number of companies by increasing TOBs and MBOs, and to do so, managers need to be aware of the cost of listing.

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