A change of management is good for Japanese firms

Professional Adviser
clock

Japanese conglomerates are warming to Western-style management, despite government constraints, acco...

Japanese conglomerates are warming to Western-style management, despite government constraints, according to Natasha Chetwynd, director of Japanese equities at Britannic Asset Management. She is optimistic that restructuring within large conglomerates is on the rise and cites general trading company Itochu as an example. Its shares have risen 13.85% in yen terms for the year to 18 March 2002. She says: 'It has quadrupled its profits and halved its debts through focusing on high return business. It also sold non-core assets and some assets with large capital gains, such as software ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •