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Quorum

Ryo N.

Tracking corporate change in Japan — every week, from primary filings.

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PricingOnly free issuesPublishesWeekly
Issues12Founded3 months agoLast Issue3 days ago
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Latest Issues

Pure Investment for Two. A Proposal Clause for Four. Same Fund, Same Week.

Oasis Management filed six large-shareholding reports in the seven days between August 12 and August 18, 2026: Tokuyama, AEON Financial Service, Ain Holdings, Infomart, Dentsu Soken, and M3.

Six filings in a week isn’t unusual by itself. T...

3 days ago

Elliott Pushed a ¥16,300 Buyout to ¥20,600. Then the Company Delisted.

Every issue in this newsletter’s recent run has told some version of the same story: an activist with a real argument and real backing pushes a vote, and the domestic shareholder base holds the line. Toyota Industries (6201) is the other ki...

10 days ago
1

The Law Barred 33 Shareholders From This Vote. The Proposal Lost Anyway.

Strategic Capital’s shareholder proposal at Keihanshin Building (8818) had a structural advantage no other proposal in this database has had: the shareholders most likely to vote against it were legally barred from voting at all.

The propo...

17 days ago

A Different Activist, the Same Ceiling

Every number in this newsletter’s structural-floor thesis so far has come from one fund: Oasis Management. That invites an obvious question. Is the 20-to-25-point ceiling on activist proposals an Oasis-specific pattern, or a Japan-market on...

a month ago
3

The Closest Vote of the Season Wasn't an Activist's. It Was the Company's Own.

This season’s structural floor has held for three companies so far. At KADOKAWA, Kyocera, and Iyogin, activist and minority shareholder proposals — arguments backed in two cases by both ISS and Glass Lewis — topped out between 8.31% and 26....

a month ago

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  • Ryo N.

    Thirteen years on Apple's retail floor in Tokyo. Now I read Japan's primary sources in the original and write about what's changing, in English.

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