The former Murakami fund-affiliated City Index Eleventh holds a 5.06% stake in TV Asahi Holdings and reported it as jointly held with Nomura Aya (野村絢), the eldest daughter of Nomura Yoshiaki (野村世彰). The stated purpose of the holding is to provide advice and proposals on capital policy and governance, specifically including increased dividends, share buybacks, the sale of businesses and assets, and going private, including a management buyout. These proposals have reportedly already been submitted to TV Asahi Holdings.
A large shareholding report filed with the Kanto Local Finance Bureau revealed that City Index Eleventh, an investment firm affiliated with the former Murakami fund, holds a 5.06% stake in TV Asahi Holdings together with Murakami Yoshiaki (村上世彰)'s eldest daughter and joint holder, Nomura Aya (野村絢). The reporting obligation arose as of 15 October, and Nomura held most of the shares. The stated intention is to provide advice and proposals on capital policy and governance to enhance shareholder value.
Specific proposals include changes to capital policy, such as increased dividends and share buybacks, the sale of businesses and assets, including those of subsidiaries, and going private, including an MBO. The proposals have reportedly already been made to TV Asahi Holdings.
According to TV Asahi Holdings' notice of convocation of its annual general meeting of shareholders (June), Nomura Aya (野村絢) was the company's eighth-largest shareholder, with a 1.86% stake.