TOKYO -- The Tokyo Stock Exchange on Friday urged companies with low price-to-book ratios to start focusing on using capital more efficiently, as a P/B ratio of less than 1 means investors see a company as being worth less than its book value.
Markets
Tokyo bourse tells Toyota, SoftBank, others to lift capital efficiency
Blue chips among about 1,800 companies with P/B ratios less than 1
The Tokyo Stock Exchange wants to make Japanese equities more attractive to investors abroad. © Reuters
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