Research from Mita Securities, Mita Securities

Mita Securities

Mita Securities provides a full scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services.

Research from Mita Securities

Equity Bottom-Up

Fast Fitness Japan Inc / Equity Bottom-Up

<ul><li>Fast Fitness Japan announced that 1) on April 25, it had received a letter from three of its major shareholders jointly proposing the election of directors and 2) on May 23, the company's board of directors decided to oppose the shareholder proposal</li><li>The shareholder proposal was submitted in response to the board's April 14 decision regarding director candidates</li><li>Despite the company's solid fundamentals, such disruption in the governing structure could be an additional risk factor for the stock price in the near term</li></ul>

Fast Fitness Japan announced that 1) on April 25, it had received a letter from three of its major shareholders jointly proposing the election of directors and 2) on May 23, the company's board of directors decided to oppose the shareholder proposalThe shareholder proposal was submitted in response to the board's April 14 decision regarding director candidatesDespite the company's solid fundamentals, such disruption in the governing structure could be an additional risk factor for the stock price in the near term

Fast Fitness Japan (7092): Confusion over Election of Directors