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.

RMB’s shareholder proposals were not approved by the 77^th annual general shareholders meeting held at Sanyo on May 26, 2020. Though RMB is disappointed that our candidates did not receive the majority of support, we believe it is a great step forward that all stakeholders share the sense of urgency that we have, and recognize the many issues Sanyo must face in order to reform its operations. RMB hopes the new management team, led by Mr. Shinji Oe, will execute their Turnaround Plan and improve Sanyo’s corporate value by making the firm profitable with sustainable growth. RMB Capital will continue to monitor and evaluate progress by the new management team as warranted by the firm's shareholder position in the company.

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

[email protected]