CHICAGO–(BUSINESS WIRE)–RMB Capital (“RMB”), a Chicago-based independent investment advisory firm, is a long-term shareholder of Sanyo Shokai Ltd. (8011 JP, “Sanyo”) and owns more than 6% of the firm’s total outstanding shares.
The official disclosure from the 77th annual general shareholders meeting held at Sanyo on May 26, 2020 revealed that approximately 30% of the shareholders supported RMB’s board nominees, Mr. Tetsuo Komori and Mr. Masakazu Hosomizu, while rejecting the former president Mr. Masayuki Nakayama. It was clear that the general shareholders took a harsh view of Sanyo’s executives who are accountable for the company’s poor performance. Against this backdrop, RMB believes the new management team, led by Mr. Shinji Oe, should further accelerate the speed of the reform initiatives. Also, key Sanyo shareholders and trade partners, including Mitsui & Co, Yagi Tsusho, and Isetan Mitsukoshi, who RMB believes were supportive of management’s board slate, are now responsible for stepping forward and supporting Sanyo proactively so that the executive team can achieve its turnaround plan. RMB hopes all stakeholders collectively support Sanyo’s turnaround going forward.
Please refer to Sanyo Shokai Activism for RMB’s past press releases on this topic.
About RMB Capital
Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Its asset management business specializes in long-term, concentrated, active investing strategies with coverage that spans the market-cap spectrum and the globe. To learn more about RMB, visit https://rmbcapital.com.
Contacts
Media Contact:
Masakazu Hosomizu
RMB Capital
japan@rmbcap.com
TOKYO & NEW YORK & DÜSSELDORF, Germany--(BUSINESS WIRE)--Asahi Kasei announced today that it will construct…
PASCARI brings Boot, SATA, Data Center, and high-performance X-Series to channel expanding Phison’s market share…
LONG BEACH, Calif.--(BUSINESS WIRE)--#Laserfiche--Laserfiche — the leading SaaS provider of intelligent content management and business…
One of the singular largest loans in the bank’s decades-long history supports Thailand's ambitious Bio-Circular-Green…
– Building a partnership towards commercialization of Level 4 autonomous driving in 2027 – MOUNTAIN…
Global healthcare management organization benefit from the flexibility, cost-savings, and quality support gained by choosing…