In a January 2026 interview with Diligent Market Intelligence, Masumi Nishida, Partner and Managing Director for Dalton’s Tokyo research office, Dalton Advisory KK, shares insights on the new phase of shareholder activism in Japan. The article discusses how Tokyo Stock Exchange reforms have created a common framework around valuation, capital efficiency, and governance, enabling more constructive dialogue between investors and management. It also outlines Dalton’s engagement priorities in Japan, including balance sheet efficiency, board independence, and alignment of interests between management and shareholders. Read the article here.
