3D Investment Partners increased its stake in J. Front Retailing, bringing its holding ratio to 10.32%, above 10%. It filed a Change Report with the Kanto Local Finance Bureau.
3D Investment Partners, a Singapore-based investment fund known as an activist investor, increased its stake in J. Front Retailing, raising its holding ratio to 10.32%, it was learned on the 7th. 3D filed a Change Report with the Kanto Local Finance Bureau dated the same day.
The fund had also filed a Large Volume Holding Report in June indicating that its holding ratio exceeded 5%, and subsequently increased its stake to reach its current holding ratio.
The stated purpose of holding the shares is “pure investment and, depending on the circumstances, providing advice and making proposals aimed at improving corporate value over the medium to long term.” The report states that the fund may engage in important proposal activities and similar actions.