Fuji Media Holdings (“FMH”) announced on February 3, 2026 that it will proceed with the restructuring of its real estate business to focus on its core business, the media and content business. We believe this is a courageous and highly …
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Engagement in Japan
In an interview with Nikkei, Dalton Investments’ Chief Investment Officer (CIO) James B. Rosenwald III said the firm plans to submit shareholder proposals at Fuji Media Holdings’ upcoming AGM, calling for a 10% share buyback, the spin-off of the company’s …
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Rising Sun Management (RSM), an affiliate of Dalton, have written to Ezaki Glico (Company) declaring its intention to submit shareholder proposals at the upcoming Annual General Meeting of Shareholders. RSM has also shared its rationale for making the proposals which aim …
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Carlyle Group has launched a takeover bid for Hogy Medical, a Japanese surgical kit manufacturer, offering ¥6,700 per share in a deal that values the company at about $951 million. Dalton, along with related entities, is Hogy Medical’s largest shareholder, …
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December 2025 – Dalton Investments issued the letter below publicly to the management and directors of its portfolio companies. Driven by the capital market reforms led by the government and the Tokyo Stock Exchange, Japan’s capital markets are entering a …
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Rising Sun Management (“RSM”), an affiliate of Dalton Investments (“Dalton”), has sent a letter to the President and Board of Directors at Fuji Media Holdings (“FMH”) regarding FMH’s recently announced “Reform Action Plan.” The letter requests details on the timeline …
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The share price of Aska Pharmaceutical Holdings (“Aska”) has declined significantly following the September 30 release titled “Notice Regarding the Termination of Procedures Based on the Policy for Responding to Large-Scale Purchases of the Company’s Shares, etc., in Connection with …
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On September 30th, 2025, Dalton Investments (“Dalton”) sent a letter to Aska Pharmaceutical addressing its objections to considering a management buyout and the threat that it would enact a poison pill if Dalton increased its ownership level to 30%. Excerpts …
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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 of Shares”. The letter outlines four key points of Dalton’s position. Read …
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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 structural …
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