Japan Inc. to return record $165bn to shareholders as profits rise

TSE pressure to boost capital efficiency spurs bigger payouts

20240325N JPX

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.

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