Is shareholder activism a good strategy in Japan?

"A lot of people die fighting tyranny. The least I can do is vote against it." Carl Icahn

A Golden Era for Japan Activism

On Friday 27th September, Sumitomo Osaka Cement announced it had sold seven cross-shareholdings for a gain of Y3.5 billion. In full disclosure, the author doesn’t usually pay much attention to Japanese cement companies as they’re dull, but the news was interesting for one reason. It represented a small win for the activist…