Dalton Investments has sent a letter to the Minister of Economy, Trade and Industry (METI), the Minister of Justice, the Commissioner of Financials Services Agency (FSA), and the heads of the Japan Exchange Group (JPX) urging them to consider structural changes to the timing of annual financial statements and Annual General Meetings (AGM). The letter was co-signed by 130 institutional investors, representing over JPY 150 trillion in AUM, who also support changes that include earlier disclosure of annual reports and more flexible AGM scheduling, to ensure investors can make informed decisions and engage meaningfully with companies. These reforms will not only empower shareholders but also reduce the administrative burden on listed companies, ultimately bolstering corporate governance and the long-term integrity and appeal of the Japanese market.
