A change report filed on the 21st shows that City Index Eleventh, an investment firm affiliated with the former Murakami Fund, has raised its combined stake in major electronics retailer Yamada Holdings to 7.33%, together with co-holder Aya Nomura and others. The previous holding ratio was 6.26%, and the date on which the reporting obligation arose was the 14th. The stated purpose of the holding remains to provide advice and proposals on capital policy and corporate governance that contribute to improving shareholder value, and the proposals are said to include changes to capital policy such as dividend increases and share buybacks, as well as the transfer of businesses or assets and taking the company private, including management buyouts.
Yamada Holding Co., Ltd.Activist investor raises stake and proposes dividend increases, buybacks, and possible privatization, which could boost shareholder value.
