Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

[Japan Event] Air Water (4088) - Small Picture Vs Big Picture

[Quiddity Index] Air Water (4088) Accounting SNAFUs Mean Big Index Deletion Imminent

Primer: Air Water Inc (4088 JP) - May 2026

Equity Bottom-Up

<ul>
<li>City Index built a 5.86% stake in Air Water, targeting governance reform and valuation upside following accounting issues and sector discount. </li>
<li>GMO Asset Management acquired 5.01% of Mizuno, betting operational improvements can narrow profitability gaps and drive a valuation re-rating.</li>
<li>Zennor Asset Management took 5.04% of Katakura, attracted by its undervalued asset-heavy balance sheet and scope for balance sheet optimisation.</li>
</ul>


City Index built a 5.86% stake in Air Water, targeting governance reform and valuation upside following accounting issues and sector discount. 
GMO Asset Management acquired 5.01% of Mizuno, betting operational improvements can narrow profitability gaps and drive a valuation re-rating.
Zennor Asset Management took 5.04% of Katakura, attracted by its undervalued asset-heavy balance sheet and scope for balance sheet optimisation.


Japan Activist Briefs | Air Water, Mizuno, Katakura