According to a survey by the Tokyo Stock Exchange, nearly 60% of overseas investors are dissatisfied with the financial results prepared by Japanese listed companies in English.
From July to last month, the Tokyo Stock Exchange conducted a questionnaire survey of overseas institutional investors such as managers regarding information disclosure of listed companies, and received 54 responses.
According to this, when a company listed on the Tokyo Stock Exchange asked about disclosure materials such as financial statements written in English, "dissatisfaction" was 22% and "somewhat dissatisfied" was 35%, which was close to 60%.
On the other hand, "satisfied" was 11% and "somewhat satisfied" was 28%, which was only about 40%.
Many overseas investors pointed out that the amount of information in English was small and that the timing of disclosure was late.
In addition, some investors have said that they will exclude companies that do not disclose information in English from investment targets or lower their stock valuation.
Regarding the results of the questionnaire, TSE said to each listed company, "We found that disseminating information in English is a factor that greatly affects stock prices. We want companies to strive for dialogue with overseas investors." We will promote the enhancement of information dissemination in English.