Proposal for Toray and Chori | Increase both Chori’s and Toray’s shareholders’ value
図書印刷の課題
What we hope Tosho to improve the shareholders’ value as a shareholder are
1) Increase the value of the overall Toray Group by increasing shareholder value of Chori and
2) Improve corporate governance

Proposal for Toray and Chori

 Toray’s ROE target is higher than the ROE target set by Chori. Even though Chori is a consolidated subsidiary of Toray, the fact that it has a lower ROE target means that there has been no discussion regarding the growth strategy of the Toray Group as a whole. Update (June 5, 2020): Toray revised its ROE target to 9% whilst Chori revised its ROE target to more than 11% following the announcement of their respective FY19 results.

 Improving Chori’s ROE will lead not only to Chori, but also to Toray’s shareholder value.
So, we propose the following three measures to Chori as a way to improve ROE.



(Source: Strategic Capital)

 In addition, we propose the following three measures for Toray.

(Source: Strategic Capital)

  • 株式会社ストラテジックキャピタル


The lastest updates are
Toray’s AGM in 2020

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