Investors are closely scrutinizing publicly traded companies in Japan over their legal compliance and earning power as the country's general shareholders meeting season gets into full swing this week.
The strong interest in compliance follows a string of testing fraud scandals at automakers, while the focus on profitability has led to institutional and other investors submitting a flurry of shareholder proposals.
According to the Tokyo Stock Exchange, the shareholders meeting season will reach its peak on June 27, when 668 companies, or 29.5% of all TSE-listed firms that close their books in March, plan to hold general meetings of shareholders.