Activist Investors Keep Pushing Japan Firms Despite Virus Crisis
- Activists submitted proposals at 23 companies this year
- That’s the highest number ever, according to IR Japan
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Shareholder activists are conducting campaigns against a record number of Japanese companies, saying they have more than enough cash to weather the coronavirus pandemic and boost shareholder returns.
Activist investors have submitted proposals to the annual general meetings of 23 listed firms this year as of June 22, according to data from IR Japan Holdings Ltd. That already surpasses the all-time high of 16 the year before.