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Investors wooed with freebies at Japan’s shareholder meetings

Momoka Yokoyama / Bloomberg
Momoka Yokoyama / Bloomberg • 3 min read
Investors wooed with freebies at Japan’s shareholder meetings
Companies are seeking to build shareholder support as activists inundate them with an unprecedented number of proposals. Photo: Bloomberg
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More Japanese companies are giving gifts at annual general meetings in a practice that could increase the ranks of loyal retail investors as pressure from activist investors grows.

The pickup in gifts, from collectibles to food, has been steady. A survey by Sumitomo Mitsui Trust Bank showed 11% of firms offered them at AGMs in 2024, up from 4% in 2021.

Companies that gave cash vouchers to vote totalled more than 120 last year, five times the level in 2019, an industry group estimated.

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