Uchiyama

Uchiyama International: Fujitec Co., Ltd. AGM – Your Vote Is Important. Make the Informed Choice.

Retrieved on: 
Martedì, Giugno 6, 2023
Other Professional Services, Professional Services, Other Manufacturing, Manufacturing, Workforce, Communication, NOT, Compensation, Built environment, Policy, Nikkei, EGM, Human, Multimedia, Committee, Transport, Element, Glass Lewis, Risk, Uchiyama, Engineering, E&E, Observation, Longevity, Hand, ISS, Financial adviser, Security (finance), Risk management, Management, Cryptocurrency, Holding company, Fujitec

Worse, that would cause disruption to the management of the company”

Key Points: 
  • Worse, that would cause disruption to the management of the company”
    We respectfully disagree with these ISS recommendations and assessments.
  • We feel strongly that the proposed resolutions are in the best interest of all shareholders.
  • Only 3 months ago, at the EGM, the 4 Oasis Directors received on average a mere 54.6% vote support.
  • The reasons for the strong voting opposition to the Oasis directors were entirely valid at the time and remain so today.

Oasis Statement on Fujitec’s Showing Its True Colors: Fujitec’s President Okada Publicly Indicates That Uchiyama May be Reappointed as President

Retrieved on: 
Venerdì, Febbraio 17, 2023
Asset Management, Professional Services, Finance, JT, AGM, Interview, Waste Management (company), ISS, Audit, Renting, Uchiyama, Fujitec

Fujitec is showing itself to be entirely ignorant of shareholders opinions.

Key Points: 
  • Fujitec is showing itself to be entirely ignorant of shareholders opinions.
  • Here is the truth:
    Fujitec is rejecting Oasis nominees because it wants Uchiyama to maintain management control and not for any other reason.
  • Fujitec’s board of directors is again prioritizing Uchiyama above all other stakeholders and does not care about shareholder opposition to Uchiyama.
  • As Fujitec’s own statements reveal, voting for Fujitec is a vote to bring Uchiyama back as President.

Oasis Welcomes Glass Lewis’s Support for Majority of its Outside Director Nominees for Fujitec EGM

Retrieved on: 
Martedì, Febbraio 14, 2023
Asset Management, Professional Services, Finance, JT, EGM, Feedback, Checklist, ISS, Waste Management (company), AGM, Uchiyama, Dissident, Holding company, Security (finance), Management, Marketing, Fujitec

Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own over 16.5% of elevator manufacturer and servicing company Fujitec Co., Ltd. (6406 JT) (“Fujitec” or the “Company”).

Key Points: 
  • Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own over 16.5% of elevator manufacturer and servicing company Fujitec Co., Ltd. (6406 JT) (“Fujitec” or the “Company”).
  • In December 2022, Oasis requisitioned the Fujitec Board of Directors (“Board”) to call an extraordinary general meeting (“EGM”) to allow shareholders to vote on proposals to remove six incumbent Outside Directors, and to appoint six new independent and experienced Outside Directors.
  • Oasis welcomed the recently published research report from the leading independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), which recommends that Fujitec shareholders vote FOR all of the Oasis proposals including the REMOVAL of the six incumbent Outside Directors, and AGAINST the appointment of two Fujitec-sponsored Outside Director nominees.
  • For more information please visit our website www.ProtectFujitec.com or email us at [email protected] with questions, comments, or feedback.

ISS Unanimously Supports All Oasis Shareholder Proposals for Fujitec EGM

Retrieved on: 
Venerdì, Febbraio 10, 2023
Banking, Professional Services, Finance, Annual general meeting, JT, EGM, Kone, Feedback, Depression, Hirao, ISS, Female, Waste Management (company), Takakazu, AGM, FOR, ROE, Uchiyama, Holding company, Management, Security (finance), Audit, Online shopping, Refinitiv, Fujitec

Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own over 16.5% of elevator manufacturer and servicing company Fujitec Co., Ltd. (6406 JT) (“Fujitec” or the “Company”).

Key Points: 
  • Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own over 16.5% of elevator manufacturer and servicing company Fujitec Co., Ltd. (6406 JT) (“Fujitec” or the “Company”).
  • In December 2022, Oasis requisitioned the Fujitec Board of Directors (“Board”) to call an extraordinary general meeting (“EGM”) to allow shareholders to vote on proposals to remove six incumbent directors, and to appoint highly qualified independent and experienced Outside Directors.
  • Oasis welcomes the recently published research report from the leading independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), which recommends that Fujitec shareholders vote FOR all of the Oasis proposals including REMOVAL of the six targeted incumbents and support FOR all of Oasis’s Outside Director nominees (and FOR Oasis’s proposals related to compensation plans for the Directors), and AGAINST the appointment of two Fujitec-sponsored Outside Director nominees.
  • For more information please visit our website www.ProtectFujitec.com or email us at [email protected] with questions, comments, or feedback.

Oasis Releases Full Response to Fujitec’s Misrepresentation of its Shareholder Proposals

Retrieved on: 
Giovedì, Febbraio 2, 2023
Professional Services, Finance, METI, JT, EGM, Feedback, Contempt, Outside, JST, Extraordinary general meeting, Culture, JPX, Waste Management (company), FOR, Uchiyama, Security (finance), Risk management, Audit, Management, Fujitec

Today, Oasis releases its full response to Fujitec’s January 20 misleading and false statements in response to Oasis’s shareholder proposals and independent director nominations for the upcoming Extraordinary General Meeting (“EGM”) set to take place February 24.

Key Points: 
  • Today, Oasis releases its full response to Fujitec’s January 20 misleading and false statements in response to Oasis’s shareholder proposals and independent director nominations for the upcoming Extraordinary General Meeting (“EGM”) set to take place February 24.
  • For the full Oasis response, please visit www.ProtectFujitec.com .
  • Oasis invites all Fujitec stakeholders to attend its upcoming webinar taking place on February 8 at 4:00pm JST in order to meet the independent Oasis director candidates, ask questions, and learn more.
  • Unfortunately, these patterns of behaviour have been seen to continue based on the content and delivery of the Company response.

Oasis Calls Extraordinary Shareholders Meeting to Protect Fujitec by Elevating Fujitec’s Governance (Stock Code: 6406 JT)

Retrieved on: 
Mercoledì, Novembre 30, 2022
Professional Services, Finance, Pressure, Human, Responsibility, Guilt, OASIS, The Document, Trust, JT, Control, Risk management, Uchiyama, Mass meeting, Takakazu, Exercise, Internal control, EGM, Family, Collection, Failure, Publication, Outside, Wellington Management Company, UK Corporate Governance Code, AGM, Management, Audit, Security (finance), Property management, Fujitec

At the Companys 2022 AGM, shareholders witnessed truly unprecedented acts that demonstrated the extent to which Fujitecs governance had been compromised during the reign of Takakazu Uchiyama.

Key Points: 
  • At the Companys 2022 AGM, shareholders witnessed truly unprecedented acts that demonstrated the extent to which Fujitecs governance had been compromised during the reign of Takakazu Uchiyama.
  • Oasis is nominating seven independent, highly experienced, and diverse directors for the Fujitec Board in order to elevate Fujitecs governance and protect the interests of all stakeholders.
  • Oasis is not in any way soliciting or requesting shareholders to jointly exercise their voting rights together with Oasis.
  • Oasis is expressing those opinions solely in its capacity as an investment advisor to the Oasis Funds.

Oasis Statement on Fujitec AGM

Retrieved on: 
Martedì, Giugno 28, 2022
Professional Services, Finance, Financial instrument, Â, Glass Lewis, Board of directors, Document, Stewardship Code, The Document, Takakazu, Committee, Exercise, Ownership, Company, ISS, Zimele Asset Management Company Limited, UK Corporate Governance Code, Financial Instruments and Exchange Act, AGM, Human, Annual general meeting, Board, Leadership, Uchiyama, Director, Management, Audit, Security (finance), Public relations, Fujitec

Oasis Management Company Ltd. (Oasis) is the manager to funds that own over 9.7% of Fujitec Co. Ltd. (Fujitec or the Company).

Key Points: 
  • Oasis Management Company Ltd. (Oasis) is the manager to funds that own over 9.7% of Fujitec Co. Ltd. (Fujitec or the Company).
  • Oasis brought to light several highly inappropriate related-party transactions that have taken place between Fujitec and Mr. Uchiyama.
  • Oasis will continue its efforts to Protect Fujitec and will amplify our efforts to reach more stakeholders to bring about change.
  • The information contained in this press release (referred to as the "Document") is an information resource for shareholders in Fujitec offered by Oasis, the investment manager to funds that are shareholders of Fujitec (the "Oasis Funds").

Oasis Statement on Fujitec’s Latest Attempt to Fool Shareholders

Retrieved on: 
Martedì, Giugno 21, 2022
Professional Services, Finance, Review, Western Asset Management Company, The Document, Glass, Company, Uchiyama, Financial Instruments and Exchange Act, Ownership, Exercise, ISS, Implementation, Third-party management, Document, Executive, Financial instrument, Public relations, Audit, Management, Security (finance), Fujitec

The aim of any fair, independent, and transparent investigation should be to determine whether any actions breached standards of good governance, and to identify measures to resolve and improve governance in light of any breaches --- not just to provide “ease of mind” and “rid the suspicions” of shareholders. In the case of Fujitec, where we have identified many related-party transactions between the Company and President Uchiyama’s family entities, it is even more important that any such investigation be independent and thorough, rather than a simple box-ticking exercise conducted by cherry-picked third parties to whitewash the related-party transactions.

Key Points: 
  • Oasis Management Company Ltd. (Oasis) is the manager to funds that own over 9.7% of Fujitec Co. Ltd. (Fujitec or the Company).
  • Fujitecs latest statement only underscores the pressing need for a governance overhaul at the Company.
  • The information contained in this press release (referred to as the "Document") is an information resource for shareholders in Fujitec offered by Oasis, the investment manager to funds that are shareholders of Fujitec (the "Oasis Funds").
  • The Document is not intended to solicit or seek shareholders' agreements to jointly exercise voting rights with Oasis.

ISS and Glass Lewis Recommend Shareholders Vote Against the Reelection of Fujitec President Takakazu Uchiyama

Retrieved on: 
Mercoledì, Giugno 8, 2022
Banking, Professional Services, Finance, Benchmark, Exercise, Wellington Management Company, Company, Financial instrument, Ownership, The Document, Policy, Â, Glass, ISS, Review, Financial Instruments and Exchange Act, Glass Lewis, AGM, Uchiyama, Family, Investigation, Document, Management, Security (finance), Audit, Fujitec

On May 29, 2022, Fujitec published its investigation into the inappropriate and conflicted dealings with President Uchiyama raised by Oasis (the Investigation Report).

Key Points: 
  • On May 29, 2022, Fujitec published its investigation into the inappropriate and conflicted dealings with President Uchiyama raised by Oasis (the Investigation Report).
  • The independent proxy advisory firms, ISS and Glass Lewis, have both recommended that Fujitec shareholders vote against the reelection of President Uchiyama at the upcoming Fujitec AGM.
  • ISS, in its June 5 Proxy Analysis & Benchmark Policy Voting Recommendations for the Fujitec AGM, acknowledges Oasiss concerns and recommends that shareholders vote against the reelection of President Uchiyama.
  • With ISSs and Glass Lewiss independent endorsement of our concerns and their recommendation to vote against the reelection of President Uchiyama, Oasis reaffirms its call to shareholders to vote AGAINST the reelection of President Uchiyama at the upcoming AGM, and to protect Fujitec from further abuses of power by the Uchiyama family.

Oasis Issues Response to Fujitec Investigation Report

Retrieved on: 
Venerdì, Giugno 3, 2022
Banking, Professional Services, Finance, Exercise, Wellington Management Company, Financial instrument, Ownership, The Document, Financial Instruments and Exchange Act, AGM, Uchiyama, Document, Management, Audit, Security (finance), Fujitec

Oasis Management Company Ltd. (Oasis) is the manager to funds that own over 9.7% of Fujitec Co. Ltd. (Fujitec or the Company).

Key Points: 
  • Oasis Management Company Ltd. (Oasis) is the manager to funds that own over 9.7% of Fujitec Co. Ltd. (Fujitec or the Company).
  • Far from absolving President Uchiyama, the Fujitec Investigation Report validates the facts raised by Oasis, provides new details about the related-party transactions and governance abuses perpetrated by President Uchiyama, and demonstrates President Uchiyamas efforts to enrich himself at the expense of Fujitec and its other shareholders.
  • We strongly believe the best path forward for Fujitec is a Fujitec free of abuse of power by the Uchiyama family.
  • The information contained in this press release (referred to as the "Document") is an information resource for shareholders in Fujitec offered by Oasis, the investment manager to funds that are shareholders of Fujitec (the "Oasis Funds").