Author: Caitlin Tesoriero

Dalton Investments, a major shareholder of Aska Pharmaceuticals and Bunka Shutter, has sent a letter to both companies criticizing their adoption of a “Response Policy on Large-Scale Purchase . . .

Dalton Investments’ response to the anti-takeover measures adopted by Aska Pharma and Bunka Shutter—two companies in which it is a major shareholder—was recently featured in Nikkei Asia. Read the article . . .

Dalton Investments has sent a letter to the Minister of Economy, Trade and Industry (METI), the Minister of Justice, the Commissioner of Financials Services Agency (FSA), and the heads of the Japan Exchange Group (JPX) urging them to consider . . .

Shiro Hayashi, Director of Research and Head of Dalton’s Tokyo research office, discusses the recent House of Councillors (Upper House) election in Japan, where the Liberal Democratic Party (LDP) and its coalition partner Komeito suffered a second consecutive defeat. Read about the key risks to monitor and the rationale behind why Dalton . . .

Rising Sun Management, an affiliate of Dalton, has sent a letter to Fuji Media Holdings regarding the implementation of a reform action plan and the introduction of takeover defense measures . . .

Dalton Investments has sent a letter to the boards of directors of its portfolio companies, requesting consideration of early disclosure of securities reports and the “de-concentration” of annual general meetings dates. We have long held the view that the information disclosed in securities reports . . .

Dalton Investments’ affiliate, Rising Sun Management Ltd. (“RSM”), has sent a letter to the Board of Directors of ASKA Pharmaceutical Holdings Co., LTD (“ASKA”) to share its concerns about the company’s recently-adopted “Policy for Responding to Large-Scale Purchase Actions” . . .

Dalton CIO Jamie Rosenwald recently appeared on Investor’s Sunday, which is a regular show on Tokyo’s InterFM. The show is co-hosted by Yuko Ezure and Dalton’s own Masumi Nishida, Partner and Managing Director for Dalton’s Tokyo research office. The show is in English and Japanese . . .

Today, Fuji Media Holdings (FMH) held its Annual General Meeting. Despite heavy rain, over 3,000 shareholders waited in line to attend the Ariake Arena, an event hall that hosted Billie Eilish during her “Happier Than Ever, The World Tour.” Many shareholders, mostly individual investors . . .

On Friday, June 20, 2025, it was announced that a shareholder proposal to elect Dalton Investments (“Dalton” or “we”) founder and CIO Jamie Rosenwald to the board of Hogy Medical (3593 JP) had passed with 52.1% of votes in favor. Despite Dalton . . .