Why aren't companies below PBR1 acquired in Japan?
There are many companies below PBR1 in Japan, and the Tokyo Stock Exchange has set guidelines and published disgraceful lists to encourage change.
However, among these companies, there are quite a few companies that have good PER along with PBR.
Why don't industry competitors buy them for parts or talent, even for business consolidation?
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HONDA N-ONE : It's culture