ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Corporate Japan sheds more cross-shareholdings

12% of stocks unloaded in five years as pressure grows

Japanese companies are working on improving corporate governance by unwinding cross-shareholdings.   © Reuters

TOKYO -- Publicly traded nonfinancial companies in Japan are stepping up their disposal of cross-held shares, applying the proceeds toward new research and debt repayment.

Stocks held in cross-shareholdings fell by about 2,200 in fiscal 2018 to 75,650, according to data from 2,755 companies compiled by Nikkei. The overall tally has dropped by around 10,000, or 12%, in five years.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more