Hints and tips:
...JPX in January published a summary of the discussions it held around market restructuring, which included a number of unusually blunt criticisms of the current situation....
...Under the new leadership of Hiromi Yamaji, the JPX group that controls the Tokyo bourse has called on listed Japanese companies to devote themselves more to raising their corporate value and improving capital...
...New rules from the JPX, the group controlling the Tokyo Stock Exchange, would oblige companies that persistently trade below their book value to disclose plans to remedy that situation....
...The bourse, via its parent the Japan Exchange Group (JPX), has somehow weathered the various scandals, misdeeds and governance horrors of its listed members. But Toshiba may change that....
...for the debut grouping of the JPX-Nikkei 400 which was launched in January 2014 only to be ejected in the first index reshuffle later that year following a series of annual losses....
...Instead of glinting with smart beta, the JPX 400 has underperformed the Topix by about 2 percentage points. The JPX 400’s very first act of righteous blackballing in 2014 illustrates the problem....
...The JPX 400's very first act of righteous blackballing in 2014 illustrates the problem....
...The share buyback itself does not set JPX apart....
...The government has actively encouraged greater focus on shareholder returns and corporate governance, not least with Bank of Japan purchases of exchange traded funds tracking the JPX-Nikkei 400....
...The JPX-400 index was set up to showcase companies with better-than average practices. The massive government pension fund, which is ramping up its equity investments, will favour those stocks....
...Some of the notable laggards of the Abenomics-fuelled market since late 2012 include JVC Kenwood, Pioneer Corp and Sharp....
...Sony Corp is set to be booted out of a new index designed to showcase the best of Japan Inc, say brokers, underlining the electronics group’s struggles to turn a profit....
...Companies including Japan Exchange Group (JPX) and Panasonic have kicked off Japan’s earnings season by offering profit forecasts well below analysts’ expectations, highlighting doubts over the resilience...
...Other voguish companies in the index include Lixil, an aggressively expanding building materials group, and Pigeon Corp, a baby care goods provider more than 50 per cent-owned by non-Japanese investors....
...“We want to raise awareness of capital efficiency and investor-focused management,” says Atsushi Saito, chief executive of JPX, which runs the Tokyo and Osaka exchanges....
...Tepco was also shut out of a new index, the JPX-Nikkei 400, launched this week to showcase the most profitable and investor-friendly companies in Japan....
...The group – known as JPX – now says it will make net profits of Y9.5bn in the period....
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