Renoi974 @Renoi974: "••• Japan Inc. sells record..."

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••• Japan Inc. sells record $25bn in cross-held shares, led by Toyota •TOKYO -- Japan's publicly listed corporations sold a record 3.69 trillion yen ($25.4 billion) of cross-held shares in fiscal 2023, data compiled by Nikkei shows, a trend seen boosting their capital efficiency but leaving them more vulnerable to takeovers. •The figure surged 86% from the year before and outpaced the previous record of 2.22 trillion yen from fiscal 2021. The data came from financial statements issued by over 2,000 nonfinancial companies. •Many Japanese corporations expanded cross-shareholdings with clients and group companies after World War II. The presence of stable, friendly shareholders granted them greater stability and a degree of protection against hostile takeovers. $TM (Toyota Motor Corporation-ADR) $USDJPY $JPN225 $EWJ $EUNN.DE asia.nikkei.com/Business/Companies/Japan-Inc.-sells-record-25bn-in-cross-held-shares-led-by-Toyota?fbclid=IwZXh0bgNhZW0CMTEAAR3J6uEdPr5PmzySsa2kajv2V5ItkrtzyYfGAQTi-6CQEJivAsvLCdmhpOk_aem__SuaCufZpUBcC5o1GoGPLA

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