Dalton Sends Letter to Fuji Media Holdings on Announcement of Real Estate Restructuring and its Focus on Core Business

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 strategic decision that reflects a clear commitment to creating long-term value for shareholders and all stakeholders. In response to this announcement, we are pleased to share a letter from our Co-Founder and Chief Investment Officer, James B. Rosenwald III, addressed to FMH President Shimizu. Read the full letter here.