TOKYO -- Japanese companies are increasingly looking to sell properties not connected to their main business operations, prompted by a call this spring from the Tokyo Stock Exchange to improve investment performance.
Jettisoning nonessential real estate seen key to bringing P/B ratios above 1
The Tokyo skyline. Japanese companies are under pressure to increase the performance of their assets. © Reuters
TOKYO -- Japanese companies are increasingly looking to sell properties not connected to their main business operations, prompted by a call this spring from the Tokyo Stock Exchange to improve investment performance.