Latest Tokyo Brief coverage on SMS CO.,LTD, tracking filings, financial news, and market signals from Japan.
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Oasis Management's SMS holding climbed to 26.97% from 25.93% in a filing that also formalizes proposals on director dismissals, asset sales, a business exit, and a possible delisting or change-of-control transaction, though the filing does not show SMS having agreed to or acted on any of them.
Oasis Management has pushed its holding in SMS CO.,LTD to 25.93%, funding the ¥41.3bn buildup entirely from fund capital and including a single off-market block trade of 1,607,500 shares at ¥2,460 apiece. The fund is in dialogue with SMS on portfolio strategy, AI use and pricing, and has already put proposals to SMS, with more planned over the next year, touching board composition, business divestitures and delisting, though none of those specific actions has been announced.
Oasis Management's stake in Tokyo-listed SMS CO.,LTD climbed to 24.65% from 22.38% after a single off-market block trade of roughly 1.6 million shares, funded entirely from fund money, and the Cayman activist tells regulators it is already pressing proposals on board changes, asset sales and delisting, with more planned over the next year alongside dialogue on AI, pricing and portfolio strategy.
Oasis Management's stake in SMS CO.,LTD has climbed to 22.38%, and the fund says it has already proposed director changes, asset sales and a possible delisting, while keeping open the option to buy more than 5% more stock within three months if the price looks cheap.
Current holdings disclosed by tracked funds.