Part 2: ~500 companies face ejection from TOPIX by 2028. The 2025 AGM season broke records for the fourth year running. Includes original PBR data from all 1,644 TOPIX constituents.

https://gyokuro.dev/en/posts/next-phase-2-delistings-agm/

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The Next Phase, Part 2: The Consequences

~500 companies face ejection from TOPIX by 2028. The 2025 AGM season broke records for the fourth consecutive year. The 2026 season will be the first under the revised Code. This is where form becomes consequence.

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