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Tokyo Dome considers shareholder meeting as it faces activist pressure

4 Comments
By Junko Fujita

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Seth Fischer, owner of Oasis, is a carpetbagging, capitalist desperado, overlord of a hedge fund looking to gain short term profit by manipulating the Tokyo Dome Corporation to fit very shallow ends. The point being profit from an eventual stock sale after inflating the value by installing pliable board members and dismissing the current president. There is no concern for long term profitability or health of the company in terms of sustainability or the fortunes of employees of the company. Oasis is a so called 'activist' investor, outsiders looking to enact structural changes that will benefit Oasis's portfolio. Seth Fischer cares not for Japanese tradition and custom, he intends to impose a western model, his overall strategy is to allow foreign investors to profit off Japanese companies, devoid of the responsibility of ownership. He lives in Hong Kong, is from New York and his firm is registered in a tax haven, the Cayman Islands, a notorious tax shelter. He cares not, one wit for the Yomiuri Giants, his complete concern has one focus, profitability for a minority of stockholders aka his firm. He sees a balance sheet, infrastructure and immediate return on investment. He's a vulture.

If Japan figured a way out of forcibly signing the Plaza Accord and ceding other economic advantages, then none of this will ever happen. Japan is forced into the current desperate situation of selling off their assets to foreign investors, because the USA comes to collect the Faustian dues. Japan was blessed with a decade of miracle economic growth, yet Japan didn't lower the trade deficit and embrace the liberal democratic order. At the very least, Japan should have emulated Germany instead of creating party bubbles in 1990s. The USA was forced to do the unthinkable of crippling Japanese economy to give away miracle privileges to China and Vietnam. This is the core reason on how foreign investors are reaping Japan with vulture scythes.

Secondary reason is the LDP leadership. It is full of neoliberals and Reaganites who are willing to sell their countries at the highest bidders. Japan's LDP makes it hard for Renault acquiring Nissan, yet they see no trouble of Chinese acquiring Takata airbags or Americans acquiring Kioxia and many others. Just like Margaret Thratcher's nationalization destroyed domestic economy of UK for foreigners, Koizumi and Abe had done the same in the last two decades.

The Covid-19 Pandemic is the perfect storm for any of us, foreigners, here to see the future image of Japan being completely neoliberalized. Bloomberg analysts assessed that Japan's GDP will permanently contract down by 18% after pandemic is gone. Just for info from CIA factbook, Japan's poverty rate skyrocketed to 18% almost as high as the USA!

6 ( +7 / -1 )

Japan shareholders such as banks and METI will not let this happen. Letters to allow foreign shareholders to attend will arrive at the last minute, correspondence will regrettably go missing. The same happened at a recent Toshiba meeting, where the Ministry even called up investors asking if they had colloborated with an activist investor; not a threat, of course.

4 ( +4 / -0 )

Japan shareholders such as banks and METI will not let this happen. Letters to allow foreign shareholders to attend will arrive at the last minute, correspondence will regrettably go missing. The same happened at a recent Toshiba meeting, where the Ministry even called up investors asking if they had colloborated with an activist investor; not a threat, of course.

Those activists on Toshiba board weren't American or politically prominent in the USA. Imagine if Paul Singer (a close friend of Trump and GOP) is on the game now, Japanese leadership would not dare to do so. Sony and SoftBank were shaken up by American activist shareholders, and the J-govt can't do a thing. Like I said, you should be an activist shareholder if you have strong political backing from either US or China. Japan would not dare pulling a stunt upon two major world powers.

4 ( +4 / -0 )

Seth Fischer, owner of Oasis, is a carpetbagging, capitalist desperado, overlord of a hedge fund looking to gain short term profit by manipulating the Tokyo Dome Corporation to fit very shallow ends. The point being profit from an eventual stock sale after inflating the value by installing pliable board members and dismissing the current president. There is no concern for long term profitability or health of the company in terms of sustainability or the fortunes of employees of the company. Oasis is a so called 'activist' investor, outsiders looking to enact structural changes that will benefit Oasis's portfolio. Seth Fischer cares not for Japanese tradition and custom, he intends to impose a western model, his overall strategy is to allow foreign investors to profit off Japanese companies, devoid of the responsibility of ownership. He lives in Hong Kong, is from New York and his firm is registered in a tax haven, the Cayman Islands, a notorious tax shelter. He cares not, one wit for the Yomiuri Giants, his complete concern has one focus, profitability for a minority of stockholders aka his firm. He sees a balance sheet, infrastructure and immediate return on investment. He's a vulture.

2 ( +3 / -1 )

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