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Companies tap into soaring demand for Tokyo-listed shares

Japanese Prime Minister Fumio Kishida spoke remotely to investors at a Goldman Sachs-hosted event in Hong Kong. (Goldman Sachs)

KENTARO TSUTSUMI, Nikkei staff writerMarch 1, 2024 06:18 JST | Japan

TOKYO — Japan-listed companies like Kobe Steel and Tokyo Electron have stepped up efforts to attract long-term investment from foreign shareholders amid an increased interest from overseas.

With the help of a trust bank, Kobe Steel has chosen to talk with between 70 and 80 foreign investors, mainly from Europe and the U.S. It previously relied on securities companies to choose targets but has shifted to choosing what investors it would like to become shareholders itself.

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