A Reuters survey found that roughly half of Japanese firms are considering reviewing or restructuring their businesses to increase corporate value, including acquisitions, amid a push for companies to improve governance. The survey results are the latest indication of concrete steps that companies in the world’s third-largest economy are planning to take to transform their operations and increase corporate value.
The Tokyo market has hit its highest in three decades on expectations companies will boost shareholder returns through unwinding of crossholdings, share buybacks and other measures. With nearly half of listed companies trading below book value, the Tokyo Stock Exchange is putting pressure on firms to review their use of …
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