The June general shareholders' meeting season has arrived. In recent years, not only activists (talking shareholders), but in the past it was seen as the “ruling party” on the corporate sideAsset management and management companies are also making strict evaluations of companies regarding the exercise of voting rights。
Professional investors' evaluations can also be called “the trend of stock selection,” and there is a possibility that subsequent stock prices will also be affected. Therefore, major domestic asset management and management companies have announcedCriteria for exercising voting rights at general shareholders' meetingsBased onOperation professionals say “NO!” to management 10 points to confrontI gave an example. It would also be a good idea to check stocks that have already been invested in and stocks that are candidates for investment from the following viewpoints.
◆Checkpoint 1：Continuous deficits
Regarding performance, there are many management companies that oppose the appointment of directors of companies that have continuous deficits. Many management companiesOppose the reappointment of top management or directors who have been in office during the deficit period for 3 consecutive terms in deficitIt says so.
Meiji Yasuda Asset Management says it opposes in principle the reappointment of representative directors of companies that have had operating deficits for 2 consecutive terms.
◆Checkpoint 2：Low ROE
ROE (return on equity) is 3...

A stock split is when a company “divides” its shares into several parts to increase the total number of issued shares. The price per share drops due to stock splits, but there is an important characteristic that the total value of shares held by shareholders does not change.
For example, if it is a 1:2 split ratio, the number of shares held by shareholders will double. The stock price (price) per share is reduced by half, but the asset value remains the same. When stock splits are carried out, stock liquidity increases, making stock prices easy for more investors to reach.
The share split ratio depends on the company's decision, such as 1:2, 1:4, 1:10. Stock prices also fluctuate based on the split ratio.As a result of the stock split, the minimum required investment amount decreases as the stock price falls.
Splits have been announced one after another
There are 46 companies that announced stock splits in 2024. Among them, companies with a total market value of 1 trillion yen or more are summarized below.
JR East (East Japan Railway Company)It is actually the first time in 15 years that (9020) has carried out a stock split.
The purpose is “by lowering the amount of money per investment unit of stock, investors can invest more...

In the previous chapter, you saw that the 13F provides investors with an opportunity to follow stocks held by famous Wall Street funds. However, not all reports provide valuable information. Check the fund's investment strategy before reading the report.
Let's say you get Form 13F. What should I look into then?
Before we get into the details, let's first take a look at what's in the report.
The report contains a lot of information, but the most important ones are as follows.
●The name of the issuer of the securities
● Types of securities (stocks, put/call options, A shares, preferred shares, convertible bonds, etc.)
●Number of shares held (as of the last day of the quarter)
●Market value of shares held (as of the last day of the quarter)
The image above is a snapshot of Pershing Square Capital Management's 13F report for the first quarter of 2022, led by Bill Ackman. Column 1 shows the names of securities held by the fund, and column 2 shows the class of securities. The market value and number of shares for each security are listed in columns 4 and 5, respectively.
According to the report, Pershing Square will be at the end of the first quarter of 2022...