Post by Hibiki Path Advisors

We would like to reintroduce our “Capitalism Trilogy” of white papers, which set out our views on the ideal form of capitalism and the future direction of Japanese companies. The series consists of: “A Historiographical Study of the Cross-Shareholding Structure in Japan and our Six Suggestions to the Management” (2023), “Merits and Challenges of Being Publicly Listed in the Era of Unsolicited Takeovers” (2024), and “Japan’s Capital Markets Perspective” (2026), each of which has received significant feedback from a wide range of readers. https://lnkd.in/gtAq7v9c Disclaimer: The opinions, views, and analyses expressed in this report are solely those of the author in his personal capacity and do not represent the official views, policies, or investment decisions of any asset management company, investment fund, or other organization with which the author is affiliated or otherwise related. This report is provided solely for general informational purposes and to raise issues for consideration, and does not constitute, nor should it be construed as, an offer, solicitation, recommendation, or invitation to acquire, sell, or hold any specific securities or other financial instruments. Furthermore, nothing contained herein constitutes legal, accounting, tax, or other professional advice. The information contained in this report is based on sources that the author believes to be reliable as of the date of preparation; however, no representation or warranty, express or implied, is made as to the accuracy, completeness, or timeliness of such information. The contents of this report are subject to change without notice due to future developments or changes in circumstances. Neither the author nor any of the author’s affiliates or related parties shall have any obligation or liability whatsoever for any loss or damage arising from or in connection with any actions taken based on the contents of this report. This is a translated version of the report initially prepared in Japanese. In case of any inconsistency between the English language version and the Japanese language version, the meaning of the Japanese language version shall prevail unless otherwise expressly indicated.