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SMDAM's view on the next phase of Japan’s market transformation
The Tokyo Stock Exchange’s reform agenda is no longer just a hypothetical concept. It has already reshaped the Japanese corporate landscape, and we expect this trend to continue well into the future. As companies move beyond the initial re-rating phase and begin to embrace more sophisticated capital allocation strategies, a powerful new phase of growth is emerging.
Driven by excess cash deployment, increasing shareholder returns, and structural improvements in profitability, Japan's corporates are rapidly closing the gap with their peers in other developed markets. However, with Japan still lagging other developed markets on key valuation metrics, the investment opportunity remains significant.
Our latest white paper explores why momentum is building, what may happen next, and where the most compelling opportunities could lie for investors.
We explore:
- How TSE reforms are already driving measurable changes in corporate behaviour
- Where investors can find the most attractive re-rating opportunities today
- Why Japan’s ROE revolution still has much further to run
- How underutilised corporate cash could unlock future growth and shareholder value
- What to expect from the ongoing surge in dividends and share buybacks
Invest with us
If you have any account or dealing enquiries, please contact BBH using the following contact details:
Brown Brothers Harriman (Luxembourg) S.C.A.
80, route d’Esch, L-1470 Luxembourg
T: +352 474 066 226
F: +352 474 066 401
E: Lux.BBH.Transfer.Agent@BBH.com
Richard HAXE
Managing Director, Head of Business Development
Alex BARRY
Executive Director, Head of Distribution - UK and Ireland
Chloé CHOQUIN
Director, Business Development & Client Relations
Thomas CARTWRIGHT
Director, Business Development & Client Relations
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Disclaimer An investment’s value and the income deriving from it may fall, as well as rise, due to market and currency fluctuations. Investors may not get back the amount originally invested. The information on this website is not intended to be investment advice, tax, financial or any other type of advice, and is for general information purposes only without regard to any particular user's investment objectives or financial situation. The information is educational only and should not be construed as an offer, solicitation, or recommendation to buy, sell, or transact in any security including, but not limited to, shares in any fund, or pursue any particular investment strategy. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, and are based on certain assumptions and current market conditions that are subject to change without prior notice. The views of Sumitomo Mitsui DS Asset Management (UK) Limited reflected may change without notice. In addition, Sumitomo Mitsui DS Asset Management (UK) Limited may issue information or other reports that are inconsistent with, and reach different conclusions from, the information presented in this report and is under no obligation to ensure that such other reports are brought to the attention of any recipient of this report. Decisions to invest in any fund are deemed to be made solely on the basis of the information contained in the prospectus and the PRIIPS KID accompanied by the latest available annual and semi-annual report. |
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