Traders are closely reading annual general meeting (AGM) notices of Japanese firms to spot activist investors, hoping to capitalize on potential stock rallies, Bloomberg News reported Friday.
Many notices list the top 10 shareholders, offering clues to activist involvement, the report said.
Shares of Sumitomo Osaka Cement (TYO:5232) and KYB (TYO:7242)) recently surged after investor Aya Nomura appeared in their filings, the news agency reported.
The trend aligns with the growing influence of activist investors in Japan, who have launched 89 campaigns so far this year, with most calling for real estate sales, strategic shifts, and stock buybacks, Bloomberg News reported
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