Singapore-based investment fund 3D Investment Partners has increased its stake in J. Front Retailing, raising its holding from 9.23% to 10.32%, according to a change report filed with the Kanto Finance Bureau on the 7th. The reporting obligation date was August 31. 3D stated that its purpose for holding the shares is not only pure investment but also engagement activities aimed at medium- to long-term corporate value improvement, and it has been in dialogue with the company's directors and others regarding business strategy, effective use of held assets, optimization of capital allocation, and capital policy.
J. FRONT RETAILING Co., Ltd.Activist fund 3D Investment Partners raised its stake in J. Front Retailing to 10.32% and is engaging on capital allocation and corporate value improvement.
