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Tower Investment Cuts West Holdings, Sanyei, Fuji to Zero

Tower Investment Management Co. cut its stake in West Holdings Corp. (1407), Sanyei Corp. (8119) and Fuji Corp. (3515) to zero as of Sept. 15, according to a filing today with Japan's Ministry of Finance. Tower Investment also cut its holdings in six other companies, according to separate filings.

Company Name:                      West Holdings Corp.
Ticker Code:                       1407 JP
Report obligation incurred:        Sept. 15
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     0
 Percentage of Outstanding Shares: 0.00%
 Previous Percentage Owned:        6.06%

Company Name:                      Asset Managers Holdings Co.
Ticker Code:                       2337 JP
Report obligation incurred:        Sept. 18
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     28,116
 Percentage of Outstanding Shares: 3.71%
 Previous Percentage Owned:        9.40%

Company Name:                      Fuji Corp.
Ticker Code:                       3515 JP
Report obligation incurred:        Sept. 15
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     154,000
 Percentage of Outstanding Shares: 3.08%
 Previous Percentage Owned:        5.52%

Company Name:                      Alinco Inc.
Ticker Code:                       5933 JP
Report obligation incurred:        Sept. 15
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     874,600
 Percentage of Outstanding Shares: 4.48%
 Previous Percentage Owned:        9.64%

Company Name:                      Yagi & Co.
Ticker Code:                       7460 JP
Report obligation incurred:        Sept. 15
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     748,600
 Percentage of Outstanding Shares: 7.08%
 Previous Percentage Owned:        8.22%

Company Name:                      Daiichi Jitsugyo Co.
Ticker Code:                       8059 JP
Report obligation incurred:        Sept. 15
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     552,000
 Percentage of Outstanding Shares: 0.96%
 Previous Percentage Owned:        6.36%

Company Name:                      Sanyei Corp.
Ticker Code:                       8119 JP
Report obligation incurred:        Sept. 15
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     0
 Percentage of Outstanding Shares: 0.00%
 Previous Percentage Owned:        6.57%

Company Name:                      Fuji Corp.
Ticker Code:                       8860 JP
Report obligation incurred:        Sept. 15
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     0
 Percentage of Outstanding Shares: 0.00%
 Previous Percentage Owned:        7.23%

Company Name:                      FJ Next Co.
Ticker Code:                       8935 JP
Report obligation incurred:        Sept. 18
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     1,611,200
 Percentage of Outstanding Shares: 10.01%
 Previous Percentage Owned:        12.58%

To contact the reporters for this story: Akihito Fukuda in Tokyo at afukuda@bloomberg.net;

To contact the editors responsible for this story: Yoshito Okubo at yokubo@bloomberg.net; Steve McPherson at smcpherson@bloomberg.net

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