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Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 40,345.04 yen, down by 69.08 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,772.69, down 4.95 points.
Top News
Corporate shareholder return, record high of 25 trillion yen due to business expansion and PBR reform.
The total amount of shareholder return combining dividends and share buybacks for listed companies for the fiscal year ending in March 2024 is expected to reach approximately 25 trillion yen, marking the highest level for the second consecutive year. They actively return to shareholders due to business expansion. This is against the backdrop of Tokyo Stock Exchange's capital efficiency improvement request. Individually, it benefits individuals through new small investment non-taxable systems like NISA.
Supporting measures for vocal shareholders of companies, Mitsubishi UFJ Trust plans to increase personnel by 30%.
As the acquisition of shares by activists (vocal shareholders) in Japanese companies increases, trust banks are increasing the number of personnel to support companies through dialogue with shareholders. Mitsubishi UFJ Trust Bank plans to increase its personnel by about 30% to around 200 by the end of March 2027, while Mizuho Trust Bank has increased its staff by 50% this fiscal year.
BlackRock expands overweight on Japanese stocks, decreases weight on Japanese government bonds.
Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 40,345.04 yen, down by 69.08 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,772.69, down 4.95 points.
Top News
Corporate shareholder return, record high of 25 trillion yen due to business expansion and PBR reform.
The total amount of shareholder return combining dividends and share buybacks for listed companies for the fiscal year ending in March 2024 is expected to reach approximately 25 trillion yen, marking the highest level for the second consecutive year. They actively return to shareholders due to business expansion. This is against the backdrop of Tokyo Stock Exchange's capital efficiency improvement request. Individually, it benefits individuals through new small investment non-taxable systems like NISA.
Supporting measures for vocal shareholders of companies, Mitsubishi UFJ Trust plans to increase personnel by 30%.
As the acquisition of shares by activists (vocal shareholders) in Japanese companies increases, trust banks are increasing the number of personnel to support companies through dialogue with shareholders. Mitsubishi UFJ Trust Bank plans to increase its personnel by about 30% to around 200 by the end of March 2027, while Mizuho Trust Bank has increased its staff by 50% this fiscal year.
BlackRock expands overweight on Japanese stocks, decreases weight on Japanese government bonds.