05-06-2025
Traders Scour Annual Meeting Filings for Activist Clues in Japan
Traders are scouring notices of annual general meetings to pick up signals about activist holdings in Japanese companies and profit from potential spikes in stock prices.
Tucked away at the bottom of company's annual general shareholder notice is a list of firms' top 10 shareholders, which provides names of the investors or custodians that hint at possible activist involvement. Sumitomo Osaka Cement Co. and auto parts maker KYB Corp. were among stocks that jumped last week after activist investor Aya Nomura's name appeared in the AGM letter, listed as a stakeholder.
