Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>Nippon Active Value Fund redeployed ~$30m from Trancom tender offer in November into existing holdings</li>
<li>Meisei Industrial offers solid fundamentals, undervalued multiples (3.9x EV/EBITDA, 1x P/B), and potential for shareholder-friendly actions.</li>
<li>Shinko Shoji buys back 10.36% of outstanding shares, following activist's stake, and potentially paving the way for future buybacks.</li>
</ul>


Nippon Active Value Fund redeployed ~$30m from Trancom tender offer in November into existing holdings
Meisei Industrial offers solid fundamentals, undervalued multiples (3.9x EV/EBITDA, 1x P/B), and potential for shareholder-friendly actions.
Shinko Shoji buys back 10.36% of outstanding shares, following activist's stake, and potentially paving the way for future buybacks.


Japan Activist Briefs | NAVF Back to Work After Trancom Windfall

Japan

MEISEI INDUSTRIAL Co., Ltd. performs thermal insulation works in liquefied natural gas (LNG) tanks and petrochemical plants.  The Company also provides corrosion protection works for stacks, ducts, and marine structures.  Meisei also performs acoustic insulation and fireproofing works.  The Company manufactures and sells industrial machinery and materials such as boilers.

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Meisei Industrial (1976 JP)

Japan Activist Briefs | NAVF Back to Work After Trancom Windfall

Nippon Active Value Fund reallocates funds, Meisei Industrial undervalued with potential for growth, Shinko Shoji initiates buyback after activist...

Mark Chadwick

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Activist Briefs | NAVF Back to Work After Trancom Windfall

​Nippon Active Value Fund reallocates funds, Meisei Industrial undervalued with potential for growth, Shinko Shoji initiates buyback after activist...

Mark Chadwick

Nippon Active Value Fund reallocates funds, Meisei Industrial undervalued with potential for growth, Shinko Shoji initiates buyback after activist...