[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Marcus Milione [@MarcusMilione](/creator/twitter/MarcusMilione) on x 17.7K followers Created: 2025-07-14 16:13:16 UTC Might aim for X of these per week or something TSE's 2025 reforms specifically target companies that are "unconscious of the cost of capital and stock price," with a focus on those with a Price-to-Book (P/B) ratio below 1.0x and a Return on Equity (ROE) below 8%. Sonocom's P/B ratio is 0.34, indicating its market value is just a fraction of its net asset value. Its ROE is similarly low, hovering between XXX% and 2.86%, below the TSE's X% hurdle and the average for its peers TSE began publishing lists of companies that have disclosed plans to improve their metrics on January 15, 2025, and will continue to update these lists, effectively naming and shaming laggards. @RocksOver mentioned the aging ownership - This creates a time-bound incentive for action where the next generation of family ownership is directly threatened by the consequences of continued stagnation. The total number of issued shares is XXX million, outstanding is only XXXX million. This implies that they are holding approximately XXXX million shares in its treasury (27.8% of its total issued stock.) These treasury shares do not have voting rights and are not entitled to receive dividends These stockpiles of shares have been used in the past to defend against takeovers (which the TSE is trying to combat) Canceling the shares is a non-cash transaction and reducing the number of shares outstanding by 27.8%, Using the fiscal year 2025 forecast EPS of JPY XXXXX , a XXXX% reduction in the share count would result in a pro-forma EPS of approximately JPY 80.79, an increase of 38.5%. XXXXXX engagements  **Related Topics** [$7902t](/topic/$7902t) [fund manager](/topic/fund-manager) [alternative investment](/topic/alternative-investment) [Post Link](https://x.com/MarcusMilione/status/1944792319766458624)
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Marcus Milione @MarcusMilione on x 17.7K followers
Created: 2025-07-14 16:13:16 UTC
Might aim for X of these per week or something
TSE's 2025 reforms specifically target companies that are "unconscious of the cost of capital and stock price," with a focus on those with a Price-to-Book (P/B) ratio below 1.0x and a Return on Equity (ROE) below 8%.
Sonocom's P/B ratio is 0.34, indicating its market value is just a fraction of its net asset value.
Its ROE is similarly low, hovering between XXX% and 2.86%, below the TSE's X% hurdle and the average for its peers
TSE began publishing lists of companies that have disclosed plans to improve their metrics on January 15, 2025, and will continue to update these lists, effectively naming and shaming laggards.
@RocksOver mentioned the aging ownership - This creates a time-bound incentive for action where the next generation of family ownership is directly threatened by the consequences of continued stagnation.
The total number of issued shares is XXX million, outstanding is only XXXX million. This implies that they are holding approximately XXXX million shares in its treasury (27.8% of its total issued stock.)
These treasury shares do not have voting rights and are not entitled to receive dividends
These stockpiles of shares have been used in the past to defend against takeovers (which the TSE is trying to combat)
Canceling the shares is a non-cash transaction and reducing the number of shares outstanding by 27.8%,
Using the fiscal year 2025 forecast EPS of JPY XXXXX , a XXXX% reduction in the share count would result in a pro-forma EPS of approximately JPY 80.79, an increase of 38.5%.
XXXXXX engagements
Related Topics $7902t fund manager alternative investment