SpicyCompany announced that it would move beyond simply holding shares in listed companies and fully develop its investment activities into business-creation activist investments. It outlined 7 approaches, including creating new businesses, M&A, overseas expansion and introducing advanced technologies.
SpicyCompany outlined a policy of fully developing its investments in listed Japanese companies into “business-creation activist investments” aimed at increasing corporate value over the medium to long term. Rather than limiting its demands of portfolio companies to shareholder returns or cost reductions, it aims to work with them to create new sources of revenue by drawing on its business platform, overseas network, and experience in M&A and investments.
The company plans to establish activism centered on “proposals plus execution support” as its distinctive investment style, encouraging the creation of new corporate value through constructive dialogue with the management of its portfolio companies.
Its 7 approaches are the creation of new businesses, M&A and capital and business alliances, expansion into overseas markets, the introduction of advanced technologies, the restructuring of business portfolios, dialogue on capital policies and shareholder returns, and the strengthening of corporate governance.
After making an investment, the company plans to present specific proposals involving potential new businesses, technologies, alliance partners, M&A targets and overseas markets, and to discuss them with the management of its portfolio companies. It will also consider expressing its views as a shareholder, while maintaining friendly relations with management as its basic approach.