requests are likely to be taken seriously by management and can lead to positive changes for shareholders. Second, it demonstrates the importance of focusing on strategic initiatives and capital allocation in order to unlock value in Japanese companies. And finally, it underscores the gradual nature of activism in Japan, where change may not happen overnight but can still lead to meaningful improvements over time.
Overall, Nihon Global’s activist campaign at Toyo Suisan Kaisha presents a compelling case for change and improvement within the company. By focusing on core assets, improving capital allocation practices, and implementing a shareholder return policy, Toyo Suisan has the potential to unlock significant value for its shareholders and position itself as a global leader in the instant noodle market.