Sanyo Shokai, Ltd.
RMB Capital is a long-term shareholder of Sanyo Shokai Ltd. (8011 JP, “Sanyo”). As such, we have issued the following press releases to address what we believe are important actions the company should take.
RMB Press Releases:
June 3, 2020
RMB Capital Gained Approximately 30% of Shareholders’ Support at Sanyo Annual General Shareholders Meeting
The official disclosure from the 77th annual general shareholders meeting held at Sanyo on May 26, 2020 revealed that approximately 30% of the shareholders supported RMB’s board nominees, Mr. Tetsuo Komori and Mr. Masakazu Hosomizu, while rejecting the former president Mr. Masayuki Nakayama.
Click here to read the full press release.
May 27, 2020
RMB Capital Statement on Results of Sanyo Annual General Shareholders Meeting
RMB’s shareholder proposals were not approved by the 77th annual general shareholders meeting held at Sanyo on May 26, 2020. Though RMB is disappointed that our candidates did not receive the majority of support, we believe it is a great step forward that all stakeholders share the sense of urgency that we have, and recognize the many issues Sanyo must face in order to reform its operations.
Click here to read the full press release.
May 14, 2020
RMB Capital Offers Rebuttal to Sanyo’s Press Releases
Sanyo has issued recent press releases criticizing RMB’s recently proposed shareholder actions, and RMB is offering the following rebuttal:
Click here to read the full press release.
May 8, 2020
RMB Capital Filed a Petition for Provisional Disposition at Tokyo District Court to Release the Shareholders’ Book of Sanyo Shokai
RMB has been requesting inspection and copying of the shareholders’ book of Sanyo to discuss our proposals being put forward at the annual shareholders’ meeting scheduled in May with other Sanyo shareholders. However, Sanyo has been unfairly refusing to disclose the book without any legal basis. As a result of this action, RMB filed a petition for provisional disposition at Tokyo District Court to release the shareholders’ book of Sanyo.
Click here to read the full press release.
April 30, 2020
RMB Capital Initiates Proxy Solicitation To Establish Strong Leadership To Turn Around Sanyo Shokai
RMB proposed a slate for a new executive team that is highly qualified to turn around Sanyo’s operation. RMB is initiating the proxy solicitation at the annual general shareholders’ meeting scheduled in May.
Click here to read the full press release.
April 14, 2020
RMB Capital Demands Resignation of Sanyo Shokai Management and Proposes New Executive Team
RMB is now demanding the resignation of existing management team, as the firm believes they should take the responsibility of years of losses. RMB also proposed a slate for a new executive team that is highly qualified to turn around Sanyo’s operation.
Click here to read the full press release.
February 12, 2020
RMB Capital Calls for Sanyo Shokai To Seek a Strategic Buyer
RMB requests that the board of directors of Sanyo hire investment banks as advisers and seek a strategic buyer of the firm. RMB believes Sanyo should join a strategic partner that has larger capital and potential to complement its capabilities, in order to leverage Sanyo’s strong operational assets including its brands, production technologies and talents.
Click here to read the full press release.
About RMB Capital
Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Its asset management business specializes in long-term, concentrated, active investing strategies with coverage that spans the market-cap spectrum and the globe. To learn more about RMB, visit rmbcapital.com.
Media Contact:
Masakazu Hosomizu
RMB Capital
japan@rmbcap.com