Business trendsJapan Inc. to return record $165bn to shareholders as profits rise
TSE pressure to boost capital efficiency spurs bigger payouts
The Tokyo Stock Exchange, run by Japan Exchange Group, has been pushing companies to use capital more effectively and boost their price-to-book ratios. © Reuters
TOKIO MURAKAMI and KYOKA OMICHI, Nikkei staff writers
TOKYO -- Payouts to shareholders by listed companies in Japan are expected to reach an all-time high of about 25 trillion yen ($165 billion) for the fiscal year ending this month, amid growing earnings as well as pressure to use capital more effectively.