In today’s briefing:
- Hitachi Results, Special Gain on Asset Sale, and Semi-Bigly Buyback
- Japan’s Governance: About an Article on the Introduction of Electronic Voting for the AGMs
Hitachi Results, Special Gain on Asset Sale, and Semi-Bigly Buyback
- Hitachi Ltd (6501 JP) results were salutary but noisy and the year to March 2023 is forecast similar (salutary but noisy). Service integration and growth to external customers is key.
- Forecast growth in main businesses ex- to-be-sold listed subs is decent, but could be better.
- A SEMI-Bigly buyback will help cushion any selling, but it has recently outrun Siemens on a like-for-like basis.
Japan’s Governance: About an Article on the Introduction of Electronic Voting for the AGMs
- The number of companies participating in electronic-voting platform increased, but most of them are prime market companies. This is because “participation in electronic-voting platform” was included in the listing criteria.
- According to a survey conducted by METI, there are issues that are not user-friendly, such as the need to resolve the issue of “procedural duplication” when voting electronically.
- This issue isn’t a matter of an electronic-platform, but requires change in the overall institutional design for electronic shareholder meetings, together with the computerization and online-accessibility of documents for AGMs,.
Before it’s here, it’s on Smartkarma
