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A Fanuc robot is seen in this 2013 file photo.Rodrigo Reyes Marin/AFLO/Zuma Press
“For a long-term investor, market turmoil can offer a chance to snap up the shares of solid businesses at a discount. Matthew Brett, a co-portfolio manager of Edinburgh-based Baillie Gifford & Co.’s £7 billion ($10 billion) Japanese equity fund, says his team has been buying shares of robot maker Fanuc Corp. and optical-product maker Topcon Corp. over the last couple of weeks.
One wonders how many directors at the large subsdiaries of Japaneseholding companies are aware of their potential liability from this direction.
Abstract: TOKYO (Standard&Poor's) May 19, 2015–A growing focus on return on equity among major Japanese companies may drive them to further unwind cross-shareholdings in major lenders and other corporations, Standard&Poor's Ratings Services said in a Japanese-language report published today.