Japan companies raise 30% more capital from overseas stock offerings

TOKYO -- The amount of capital raised by Japanese companies via foreign equity financing jumped about 30% last fiscal year to 2.3 trillion yen ($14.9 billion), as progress on governance reform attracted deep-pocketed international investors.

Nikkei looked at initial public offerings, follow-on offerings and secondary offerings using data from I-N Information Systems. The total number of such deals inside and outside Japan rose 37% on the year to 167. Those taking place either entirely overseas or in multiple markets nearly doubled to 64, making up 38% of the total, with both the tally and the share ranking as the highest since fiscal 1991.