Taiyo Pacific Partners Becomes Major Shareholder in J Trust Co., Ltd. with
Stake over 5%
TOKYO -- October 11, 2013
Taiyo Pacific Partners announced today that it has accumulated in excess of 5%
in J Trust Co., Ltd. (8508) to become J Trust’s third largest shareholder.
Taiyo Pacific Partners is known for its cooperative investment style working
with senior management to enhance shareholder value.
Brian K. Heywood, Chief Executive Officer and Managing Partner of Taiyo
Pacific Partners, said, “J Trust stands out within the Japanese non-bank
financial industry as a truly innovative company. President Fujisawa has shown
an ability to find attractive investment opportunities in areas often
overlooked by other market players. At Taiyo we also like to discover
companies led by credible management in industries that are traditionally less
popular with investors. I greatly admire how President Fujisawa has grown his
business, and have confidence his vision will continue to steer J Trust to
even higher profit levels.”
Michael A. King, Chief Investment Officer and Managing Partner of Taiyo
Pacific Partners, said, “As can be seen by the high asset efficiency of the J
Trust group, President Fujisawa has demonstrated an ability to achieve
synergies among the various consumer finance components he has put together. I
expect he will be able to apply the same high return on capital approach to
the proceeds of the recent rights issuance.”
President Nobuyoshi Fujisawa commented, “We appreciate that Taiyo Pacific
Partners takes a long term view and selected J Trust out of the many potential
candidates for investment after well understanding our business model and
strategy. Using the financial business as a pillar for growth, we will
continue working to raise the corporate value of J Trust in order to meet
shareholders’ high expectations.”
Taiyo Pacific Partners, located in Kirkland, Washington, was founded in 2003
by Asia-focused professionals dedicated to friendly shareholder activism in
Japan and other Asian countries. The firm currently manages over $2.0 billion
in Japan-focused funds. All strategies employ a friendly activist approach.
Investors include US, Japanese and European pension plans, endowments and
other institutional investors.
Taiyo Pacific Partners
Brian K. Heywood, 425-896-5300
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