Oasis Management Company Ltd. now holds 22.60% of Infomart Corporation (TSE: 2492), up from 21.36% in its previous report, according to an amended large-shareholding report filed on 5 October 2026. The filing, the 15th in the series, covers a reporting obligation that arose on 28 September and sets out what the Cayman Islands fund manager has put to the company and what it may still raise.
Tokyo Brief's earlier article covered Oasis's move to a 21.36% stake. This filing carries the holding to 60,449,100 shares against 267,507,864 shares outstanding as of 13 August 2026. The cover page gives the reason for filing as a rise of 1 percentage point or more in the holding ratio.
What Oasis says it has already proposed
Oasis says it has opened a dialogue with Infomart on growth strategy, use of AI and data, pricing strategy and the product portfolio. It describes the aim as raising medium- to long-term corporate value and improving corporate governance through constructive exchanges with management.
Under its heading for purpose of holding, the filing says Oasis has already made proposals to Infomart in four categories of the Financial Instruments and Exchange Act Enforcement Order: disposal of important assets, appointment of specified persons as officers, significant changes to board composition (including its size), and discontinuing part of a business. The filing does not name assets, businesses or candidates.
What it says it plans to raise
As of the date the obligation arose, Oasis also says it plans to make proposals over the next 12 months in a wider set of categories. They repeat the four above and add selection and dismissal of representative directors; absorption mergers or share exchanges in which Infomart would be the disappearing or wholly owned party; company splits of a main business; transfer or acquisition of part of a business; delisting of Infomart's securities from an exchange; and an acquisition by a party other than Infomart that would leave that party with a majority of voting rights.
The filing lists these as categories of matters on which proposals are planned. It gives no terms for any of them, and nothing in it shows that any transaction or governance change has been requested in those terms or has taken place.
More buying, with conditions
Oasis says it plans to raise its holding ratio by more than 5 percentage points through trades on and off the market, as part of portfolio investment. It ties the buying to Infomart's share price being at a level it judges undervalued and to other conditions. Price, quantity and timing are still under consideration, and regulatory notification or approval may be required.
Oasis plans to complete the buying within three months of 28 September, though it says it could run past that window.
The 60-day trading table lists only on-market purchases, from 31 July to 28 September. Daily buying ran at roughly 0.3% of shares outstanding for much of August, with the largest single day on 2 September at 3,000,400 shares, or 1.12%. The filing gives total acquisition funds of ¥34.0bn, all described as fund money, and lists no borrowings.