The Document

Statement by Oasis Management Company Ltd. on “A Better DG”

Retrieved on: 
Wednesday, December 21, 2022
Professional Services, Finance, Government, Google Digital Garage, Financial instrument, Document, VC, GMO, Financial technology, METI, Growth, Responsibility, JT, AGM, Exercise, SITA (waste management company), Financial Instruments and Exchange Act, Marketing, Investment, Incubation, The Document, Renewable energy, Typesetting, Holding company, Security (finance), Kakaku.com, DG

Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own 9.3% of payment service provider Digital Garage Inc. (4819 JT) (“Digital Garage”, “DG” or the “Company”).

Key Points: 
  • Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own 9.3% of payment service provider Digital Garage Inc. (4819 JT) (“Digital Garage”, “DG” or the “Company”).
  • Therefore, Oasis today announces its “A Better DG” campaign in order to urge transformational change at Digital Garage in order to enhance the Company’s business and governance for every stakeholder.
  • This is a call to action for DG’s management.”
    We welcome all stakeholders to contact Oasis at [email protected] to help build A Better DG.
  • Oasis Management Company Ltd. manages private investment funds focused on opportunities in a wide array of asset classes across countries and sectors.

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

Retrieved on: 
Wednesday, November 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: 
Tuesday, June 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: 
Tuesday, June 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.

Oasis Response to Fujitec’s Superficial Measures for Strengthening of the Company’s Corporate Governance System

Retrieved on: 
Monday, June 13, 2022
Professional Services, Finance, Exercise, Financial compensation, Leadership, Wellington Management Company, Company, Financial instrument, Nomination, Ownership, The Document, Committee, Policy, ISS, Review, Director, Financial Instruments and Exchange Act, Glass Lewis, Board, AGM, Document, Audit, Management, Pharmaceutical industry, 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).
  • After independent proxy advisory firms ISS and Glass Lewis both published opinions recommending that shareholders of Fujitec vote against President Uchiyamas reelection at the upcoming AGM, Fujitec announced superficial measures it says will strengthen Fujitecs corporate governance (the June 8 release).
  • The Companys willingness to maintain President Uchiyamas narrative without conducting a truly independent investigation demonstrates the scope of his power over Fujitec.
  • Fujitecs latest claims that these superficial measures will improve its governance demonstrates that the Company is not taking corporate governance seriously and continues to elevate President Uchiyamas interests over those of all other stakeholders.

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

Retrieved on: 
Wednesday, June 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: 
Friday, June 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").

Oasis Statement on Fujitec’s Misleading Press Release

Retrieved on: 
Wednesday, May 25, 2022
Banking, Professional Services, Finance, Financial instrument, Company, Financial Instruments and Exchange Act, Exercise, Director, Leadership, Document, Uchiyama, Nishimura & Asahi, AGM, Ownership, Research, Nishimura, Wellington Management Company, Board of directors, Transaction, The Document, Online gambling, Audit, Sales, Security (finance), Response, Fujitec

Misleading Public Disclosure by Fujitec-- all shareholders should be put on notice

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).
  • Based on Oasis meetings with a Fujitec independent director on April 28 and again on May 23, we believe that the Fujitec press release contained multiple material inaccurate statements.
  • Investors should also note the press release was not approved by the Companys Board of Directors.
  • 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 Announces “Protect Fujitec” Campaign (Stock Code: 6406 JP)

Retrieved on: 
Thursday, May 19, 2022
Professional Services, Finance, Financial instrument, Financial Instruments and Exchange Act, Exercise, Document, Leadership, Uchiyama, AGM, Ownership, Board, Wellington Management Company, Board of directors, Responsibility, The Document, Growth, Audit, Security (finance), Fujitec

Oasis Management Company Ltd. (Oasis) is the manager to funds that own over 7.5% of Fujitec Co. Ltd. (Fujitec or the Company).

Key Points: 
  • Oasis Management Company Ltd. (Oasis) is the manager to funds that own over 7.5% of Fujitec Co. Ltd. (Fujitec or the Company).
  • Oasis has adopted the Japan FSAs Principles of Responsible Ownership (a/k/a the Japan Stewardship Code) and in line with those principles, Oasis monitors and engages with its investee companies.
  • Today, Oasis announces the Protect Fujitec campaign in order to protect and defend the Companys corporate value and recommend to shareholders to vote against the reappointment of President Uchiyama as a director at the upcoming AGM.
  • 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 Katakura MBO

Retrieved on: 
Monday, November 8, 2021
Professional Services, Finance, Financial Instruments and Exchange Act, The Document, Wellington Management Company, Ownership, Responsibility, ROE, Income, Growth, United Kingdom company law, Exercise, Document, Company, NOI, Privatization, Financial instrument, JPY, JT, Audit

Oasis Management Company Ltd. (Oasis) is the manager to funds that own shares of Katakura Industries Co (3001 JT) (Katakura or the Company).

Key Points: 
  • Oasis Management Company Ltd. (Oasis) is the manager to funds that own shares of Katakura Industries Co (3001 JT) (Katakura or the Company).
  • Oasis has adopted the Japan FSAs Principles of Responsible Ownership (a/k/a the Japan Stewardship Code) and in line with those principles, Oasis monitors and engages with its investee companies.
  • Today, Oasis marks the conclusion of our productive engagement with Katakura.
  • The information contained in this press release (referred to as the "Document") is an information resource for shareholders in Katakura offered by Oasis, the investment manager to funds that are shareholders of Katakura (the "Oasis Funds").