Japan's companies consider shedding property to boost value

Jettisoning nonessential real estate seen key to bringing P/B ratios above 1

20231011N Tokyo

The Tokyo skyline. Japanese companies are under pressure to increase the performance of their assets. © Reuters

JUN WATANABE, Nikkei staff writer

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.

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