Oasis in the news

Any examples of strategies, trade ideas, or case studies are intended for illustrative and discussion purposes only, and are not necessarily indicative of the historical or future strategy or performance or the chances of success of any particular strategy. There can be no assurance that investment opportunities described herein will become available in the future. It should not be assumed that any investments described by any models would be profitable if implemented because among other things, assumptions described herein may not materialize. Any specific investments or case studies referenced in this presentation were selected for inclusion herein based on objective, non-performance based criteria solely for the purpose of describing the investment processes and analyses used by Oasis to evaluate such investments. A list of historical investments – including investments that lost money — can be made available upon request. As always, past performance is not necessarily indicative of future results.

May 2023

Digital Garage announces new medium-term plan, refuses ‘split’ proposal

The Nikkei

Digital Garage announces new medium-term plan, refuses ‘split’ proposal

The Unizo bankruptcy: regional banks and JA to bear the brunt, no debt owed to Mizuho Bank

Former Fujitec chairman of Fujitec, who was removed from office, now suing over ‘defamation by shareholders’

Shareholder proposals call for higher share prices, boards impacted by revamps

Tokyo Metro Government’s concession company Tokyotokeiba Co. becomes target of Hong Kong activists

Corporate defense advisory business beginning to resemble ‘a new form of corporate blackmailing’: activist advent has intensified the information war between companies and shareholders

Unizo bankrupt, Hong Kong fund sued over bond redemption in 2022

FamilyMart tender offer was ‘too cheap:’ the full story behind the company’s efforts to combat ITOCHU, and the district court decision that says ‘the special committee did not function properly’

Fujitec’s former chairman makes shareholder proposal seeking election of eight directors

FamilyMart takeover bid too cheap, court says: ‘Special committee did not fulfill its role’

Activist fund Oasis files Japan court appeal in challenge to fair value of deals

Fund appeals Famima tender offer price decision by district court, says source

Investors seek to break through Japan Inc’s ‘value trap’

Activist investor in Fujitec will oppose any proposal to reappoint President Okada

Fujitec’s major shareholder Oasis: ‘Former chairman’s lawsuit is baseless’ (Japanese Only)

Fujitec chairman from founding family dismissed for ’abuse of power’ (Japanese Only)

Elliott and other activists shake corporate Japan into action on investor returns

Fujitec outside directors resigns, creating stalemate between internally nominated directors and those nominated by an opposing fund

Fujitec outside director Endo resigns (Japanese Only)

Activist takes stake in TOKYOTOKEIBA CO., raising expectations of management reforms-hot stocks (Japanese Only)

TOKYOTOKEIBA Co. up 9% amid speculation resulting from discovery of stake by Hong Kong-based Oasis

Fujitec rebounds sharply, removes chairman Uchiyama – Increased activist presence – Hokuetsu Corp., Fuji Media also in focus

Fujitec’s major shareholder Oasis: ‘Former chairman’s lawsuit is baseless’ (Japanese Only)

Fujitec Chairman Dismissed (Japanese Only)

Fujitec replaces dismissed board chair with Oasis-nominated outside director (Japanese Only)

Japan, a nation of ‘activist shareholders’: corporate value created through dialogue (Japanese Only)

Activists return to exorcise unresolved corporate governance issues (Japanese Only)

Electrical machinery giant’s subsidiary company rumored to merge with another major machinery manufacturer, aim is to eliminate the influence of an activist shareholder (JPN Only)

Three outside directors dismissed, Fujitec in turmoil (JPN Only)

[Editorial] Corporations should improve governance, not run from activists (JPN Only)