A new series in Nikkei Business features JIMI companies whose investment in intangible assets is said to support growth, focusing on the M&A behind Mitsubishi Kakoki Kaisha.
Amid growing pressure over growth investment in the Japanese economy, companies are being urged to continue returning profits to shareholders while prioritizing capital efficiency, yet there remains scope to strengthen the core of their growth investment. Mid-sized companies with substantial domestic operations and employment are seen as holding the key to growth, and the government is seeking to create a virtuous cycle of growth.
Investment in intangible assets, including research and development and personnel expenses, is seen as an area for improvement, with investment in these areas expected to lead to the next phase of growth. Nikkei Business aims to uncover "JIMI companies" that support growth, based on this perspective.
The series covers mid-sized companies with limited name recognition but strong future growth prospects, presenting the realities of strategies centered on intangible-asset investment. Reporting is also under way on the M&A behind companies including Mitsubishi Kakoki Kaisha.