TOKYO — Japan's publicly listed corporations sold a record 3.69 trillion yen ($25.4 billion) in mutual shares in fiscal 2023, data compiled by Nikkei showed, a trend that boosted their capital efficiency but left them making it more susceptible to capture.
The figure is up 86% from the previous year and surpassed the previous record of ¥2.22 trillion in fiscal 2021. The data was obtained from financial reports published by more than 2,000 non-financial companies.