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.

February 2023

Fujitec dismisses three outside directors, sees shareholder proposals approved at general meeting; four new outside directors appointed, two company proposals rejected (JPN Only)

The Nikkei

Fujitec dismisses three outside directors, sees shareholder proposals approved at general meeting; four new outside directors appointed, two company proposals rejected (JPN Only)

Fujitec appoints four directors recommended by Oasis at EGM (JPN Only)

Dismissal of three outside directors approved at Fujitec’s extraordinary general meeting of shareholders (JPN Only)

Fujitec dismisses three outside directors as result of shareholder proposal being passed at EGM, according to reports (JPN Only)

Fujitec: three outside directors dismissed; shareholder proposal approved at EGM – Four new appointments approved, two company proposals rejected (JPN Only)

Fujitec to hold EGM tomorrow, focus will be on dismissal of outside directors, proposals by Hong Kong fund, conflicts with the company (JPN Only)

Fujitec vs. Hong Kong fund to battle over outside directors at Feb. 24 EGM (JPN Only)

The challenges of corporate management in Japan as seen by an activist investor; Seth Fischer, Chief Investment Officer at Hong Kong-based investment fund Oasis Management Group (JPN Only)

Fujitec and Hong Kong fund clash over outside director issue, EGM on Feb. 24 (JPN Only)

Fujitec vs. Oasis: The great battle before the AGM: The story behind the outside director proposal and the unusual four revisions (JPN Only)

Fujitec and major shareholder Oasis continue to fight it out: what are both parties claims? The EGM will be held on February 24 (JPN Only)

Hong Kong fund: ‘operating margin will improve’ with change of Fujitec’s outside directors (JPN Only)

Proxy advisory firm Glass Lewis issues split recommendation ahead of Fujitec EGM (JPN Only)

Daio Paper is a ticking bomb: an explosive mixture of deep-seated resentments, declining performance, and activists (JPN Only)

ISS Recommends Approval of All of Oasis’s Shareholder Proposals Ahead of Fujitec EGM (JPN Only)

Hong Kong Fund: ‘Fujitec’s Leadership Will Not Enhance Corporate Value’ (JPN Only)

ISS Recommends Fund’s Proposal Ahead of Fujitec’s Extraordinary Shareholders’ Meeting (JPN Only)

Activist shareholders on the offensive; calling EGMs to end revolving-door appointments (JPN Only)

Enter the activist: Tsuruha fears become reality (JPN Only)

Daio Paper is a ticking bomb: an explosive mixture of deep-seated resentments, declining performance, and activists

Sources: Fujitec EGM results in dismissal of three directors and appointment of four directors proposed by an investment fund (JPN Only)

Hong Kong fund criticizes Fujitec board’s view as “unprecedented” (JPN Only)

(Capitalism NEXT – For whom the company exists: #10) Do we need quantitative targets for the promotion of women? (JPN Only)

Fujitec: controversy over whether to dismiss all the company’s external director (JPN Only)

Oasis establishes large stakes in Uchida Yoko and Tsuruha Holdings (JPN Only)

Hong Kong fund revises proposal for Fujitec EGM (JPN Only)

Hong Kong fund revises proposal for Fujitec EGM (JPN Only)

Fujitec: controversy over whether to dismiss all the company’s external directors (JPN Only)

Hong Kong fund submits proposal regarding spinoffs and other measures to Digital Garage (JPN Only)

Fujitec calls February 2023 EGM requested by Hong Kong fund (JPN Only)