As changes of president are announced, the stock market is closely watching how changes in corporate stances affect share prices. The article also touches on the merits of growth investment, the assessment of shareholder returns and developments related to TOPIX, conveying an attitude of watching future developments.
When a change of president is announced, views are presented that changes in a company's decision-making and stance are key to its share price and market valuation. A change in management policy draws investors' attention, and progress in growth investment and the assessment of capital policy may become focal points of discussion.
The view that the market response to massive share buybacks by companies such as ASICS has been limited is highlighted, increasing reader interest in how return policies and market valuations should be assessed. Views are expressed that the assessment of returns depends on the company's stance and its future capital policy.
The article reports that efforts continue to bring back stocks identified as candidates for exclusion from the new TOPIX's "October winners." The index's composition requirements and stock movements may affect future discussions on index rebalancing.