Third-tier and fourth-tier Japanese market: Favoritism toward Toshiba?
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Now, the theme this time isToshiba Issue.
The Tokyo Stock Exchange announced that it would解除 the designation of Toshiba as a "Specially Granted Watchlist Stock".
In other words, it means they are tolerating the following problems.
★ Accounting irregularities
★ Repeated delays in financial results due to enormous losses in the US nuclear power business
As a result, they have set a bad precedent that similar situations will not be punished in the future.
The super lenient decision by the Nakayoshi Group Keidanren.
It leaves an impression of double standards that cannot be erased.
Nissan Motor Co. : Unqualified inspections
Kobe Steel: Data fabricationand others,
It is not strange to think that ethical corporate governance cannot be hoped for in Japanese companies.
The market isthird-rate to fourth-rateas a result.
In such a market, hoping for the same P/E ratio as overseas markets is a mistake.
Note) The above is my personal opinion and is aimed only at improving financial literacy. Therefore, it is not intended for investment solicitation. The final investment decisions should be made at your own risk.
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