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.

Equity Bottom-Up

<ul>
<li>INES (9742): AVI (10.1%) and Effissimo (15.8%) push for capital returns, utilizing ¥12.6bn net cash as municipal IT standardization shifts from build to recurring profit.</li>
<li>Shibaura Machine (6104): Oasis built 11.3% targeting balance sheet levers—¥26bn net cash and 1.0x P/B—expecting mid-cycle operational recovery and AGM proposals on capital allocation.</li>
<li>Foster Electric (6794): Axium (22.7%) and AVI (9.3%) drive "Project North Star," securing board seats to fix thin margins, improve ROE, and deploy ¥11.7bn cash.</li>
</ul>


INES (9742): AVI (10.1%) and Effissimo (15.8%) push for capital returns, utilizing ¥12.6bn net cash as municipal IT standardization shifts from build to recurring profit.
Shibaura Machine (6104): Oasis built 11.3% targeting balance sheet levers—¥26bn net cash and 1.0x P/B—expecting mid-cycle operational recovery and AGM proposals on capital allocation.
Foster Electric (6794): Axium (22.7%) and AVI (9.3%) drive "Project North Star," securing board seats to fix thin margins, improve ROE, and deploy ¥11.7bn cash.


Japan Activist Watch | Infomart, INES, Shibaura Machine, Foster Elec

Infomart Corp

Japan Activist Watch | Infomart, INES, Shibaura Machine, Foster Elec