Japanese Firms That Chose Stock Splits Are Outperforming the Market
- Companies announcing stock splits rise to over 80 this year
- Split shares have outperformed the Topix benchmark in Japan
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Japanese companies that conducted stock splits recently have seen their shares outperform the market, showing one reason why investors can’t get enough of those equities.
More than 80 Japanese firms including chip device maker Rohm Co. and Shin-Etsu Chemical Co. have announced stock splits so far in 2023, almost double the pace of a year earlier and the most for the period in five years, according to data compiled by Bloomberg.