TOKYO -- Japanese listed companies earned almost 8 trillion yen ($56 billion) from selling shares in subsidiaries and affiliates over the past three years, the highest tally since the 2008 global financial crisis, as they sought to put shareholder money to better use.
The figure for the last fiscal year alone came to about 2.5 trillion yen, the third largest after fiscal 2018 and fiscal 2022, which saw big sales by Toshiba in 2018 and by Hitachi and Marubeni in 2022, cash flow statements show. The figures exclude cross-shareholdings and short-term securities.
