Nearly 1,100 Tokyo Prime listed companies to cut cross-held shares
TOKYO -- Nearly 70% of the companies listed on the Tokyo Stock Exchange's Prime market plan to reduce their holdings of cross-held shares, according to the latest industry data.
As of the end of March, 1,095 out of 1,650 total Prime companies have adopted commitments to cut cross-held shares, according to a survey of corporate governance filings by auditing firm KPMG AZSA.