TOKYO -- Japanese companies are focusing more on return on equity as they look to woo -- and keep -- foreign investors.
Shares in Kawasaki Kisen Kaisha briefly hit a seven-month high of 257 yen Thursday in Tokyo, as The Nikkei reported on Wednesday that the shipping company will target a return on equity of 10% in its new five-year management plan. Market attention is focused on whether Kawasaki Kisen can further improve its capital efficiency and outperform other shipping companies.
