Author Archives: Caitlin Tesoriero
Rising Sun Management Sends Letter to the Board of Directors of Fuji Media Holdings
Tokyo, January 14, 2025 Dalton Investments’ affiliate, Rising Sun Management (“RSM”), has sent a letter to the Board of Directors of Fuji Media Holdings (“FMH”), requesting the establishment of an independent, third-party committee composed of outside experts to examine the …
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Letter to the Board of Directors and the Management of JB Financial
James Lim, Portfolio Manager and Senior Research Analyst at Dalton Investments, recently wrote a letter to the board of directors and the management of JB Financial, commending them for their willingness to work more closely with stakeholders. When Dalton started …
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Letter to Portfolio Companies
December 2024 – Dalton Investments issued the letter below publicly to the management and directors of its portfolio companies. Though the capital market reforms undertaken jointly by the Tokyo Stock Exchange (TSE), the Ministry of Economy, Trade and Industry (METI), …
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Shareholder Engagement Drives Change in Japan
Dalton Investments was recently featured in the Nikkei regarding Dalton’s engagement with Toyota Industries, Toyota Motor’s founding company. Following Dalton’s shareholder proposal, Toyota Industries announced in October 2024 the complete sale of its Denso Corporation shares, demonstrating the company’s commitment …
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Business Circles on High Alert as Opposition Pushes for Commercial Act Amendment
James Lim, Senior Research Analyst at Dalton Investments, was recently featured in Business Korea, discussing the Commercial Act Amendment in Korea, which would expand the fiduciary duty of directors from “the company” to “the company and shareholders.” According to Lim, …
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Korea: Scrapping Tax on Capital Gains; Is Commercial Law Revision Next?
The decision by South Korea’s left-leaning Democratic Party to scrap the capital gains tax, alongside the right-leaning Yoon administration’s introduction of the Corporate Value-Up Program, reflects a shift in the political landscape regarding the stock market. The stock market has …
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Thoughts from a China Bear
Owens Huang, Portfolio Manager, discusses the four key structural challenges facing China in his piece, “Thoughts from a China Bear.” According to Huang, the sudden rebound in demand for Chinese equities does not suggest that China has already bottomed out. …
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Going Activist in Japan
Masumi Nishida, Partner at Dalton Investments and Managing Director of Dalton Advisory KK (Dalton’s Japan research office), was featured on the Business Breakdowns podcast discussing activism in Japan. The podcast covers the selection process for attractive activist opportunities and explains …
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Thoughts on Ishiba
The victory of Shigeru Ishiba in the 2024 Liberal Democratic Party (LDP) presidential election has generally been viewed with caution in the investment community. Having analyzed the manner of Ishiba’s victory and the statements made in the weeks before the …
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Owens Huang Speaks at the AI Investment Forum of the Taiwan Tech Summit
Owens Huang, Partner, Senior Research Analyst and Portfolio Manager at Dalton Investments, spoke at the AI Investment Forum of the Taiwan Tech Summit on September 14, 2024th. The Taiwan Tech Summit is a premier conference that connects engineers, supply chain …
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