Nearly half of the companies on the Tokyo Stock Exchange¡¯s prime section have responded to a call to disclose plans to improve capital efficiency, the bourse said on Monday, as it released for the first time a list of those who had complied.
The list, which did not include some of Japan¡¯s biggest and most influential companies such as Toyota Motor and SoftBank Group, marks the culmination of the bourse¡¯s push to nudge firms to improve governance and investor returns.
Some 40% of the 1,656 companies on the exchange¡¯s prime section have publicly disclosed plans, while another 9% are considering such measures, the bourse said.
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