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Stocks

Dividend seekers target cash-rich companies

Pressure mounting for money hoarders to raise payouts, boost investments

Restaurant chain operator Saizeriya is one of many Japanese companies sitting on piles of cash.

TOKYO -- The market spotlight is shining on the whopping cash piles -- amounting to some 100 trillion yen ($888 billion) -- on which listed companies in Japan are sitting. Investors bet that businesses will soon feel pressured to stop holding back on their reserves and start sharing some of the money with them, or investing it on facilities and human resources.

The Nikkei Stock Average extended its winning streak to 13 sessions Thursday, advancing 5% during the run. A closer look at the market shows that some stocks are surging even higher, including restaurant operator Saizeriya, which jumped 15%.

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