In today’s briefing:
- Nikkei 225 Methodology Change. Again. This Time Better But Still Not Good Enough
- Sony (6758 JP) | Master of the Metaverse
- Sony – IR Day One and Kadokawa
- About an Article on TSE Prime Market
Nikkei 225 Methodology Change. Again. This Time Better But Still Not Good Enough
- The Nikkei Index Team has suggested a methodology change to the Nikkei 225 Average.
- It involves capping stocks, creating a method for re-weighting once capped then stocks fall, and they recommend changing to a semi-annual Periodic Review – twice a year rather than once.
- More interestingly, they also change the “High Liquidity” definition to be related to traded value not volume, which starts to favour higher-market cap stocks with more shares out.
Sony (6758 JP) | Master of the Metaverse
- Sony’s hosted its 2022 Corporate Strategy Meeting last week. Our key takeaway is that SONY is shifting towards greater investment in Content, Creators, and Communities.
- Sony recognizes that technology is changing the way that content is produced and consumed and is responding with new experiences and monetization models.
- Sony will continue to benefit from the evolution of the internet as it becomes more social, immersive and financialized (otherwise known as the metaverse).
Sony – IR Day One and Kadokawa
- Sony held the first of their two investor days yesterday presenting on the Game & Network Services, Music and Pictures segments.
- While there was nothing especially new for those paying attention to the broad flow of news conditions for the content businesses remain strong.
- What was interesting to us was the degree of collaboration with Kadokawa.
About an Article on TSE Prime Market
- I will discuss the Nikkei article that “companies that don’t meet the prime market listing criteria but remain in the prime market under transitional measures should increase their corporate value.”
- It goes without saying that increasing corporate value is the way to increase market capitalization. However, whether the company’s methodology is reasonable in the “plan” should be fully discussed.
- TSE should proceed with discussions to expand the market to high quality companies that will regain profitability and growth potential, without limiting it to companies to which transitional measures apply.
Before it’s here, it’s on Smartkarma
