PRESS CONFERENCE
"Japan Inc. vs the Activists: Ousted Fujitec chairman strikes back"
Takakazu Uchiyama, Former Chairman/President, Fujitec Co Ltd
Kazuyoshi Kimura, Kenji Uenishi, & Hiroki Okimoto, Outside Director Candidate of Fujitec Co Ltd
Hiroyuki Kawai, Attorney at Law
June 2, Friday, 14:00-15:00 (Press Conference)
(The speech and Q & A will be in Japanese with English simultaneous interpretation.)
Shareholder activism is a hot topic in corporate Japan, and a milestone was reached this year when overseas fund Oasis Management won board seats of 75-year old elevator maker Fujitec Co and ousted its chairman and founding family scion Takakazu Uchiyama. A lawyer for Uchiyama declared it a foreign "hijacking" of a Japanese manufacturer.
Activists say these campaigns are necessary to safeguard shareholder rights and unlock corporate value, while traditionalists say they are often just an elevated form of blackmail. Uchiyama and his team are coming to the FCCJ to explain their side in the battle to control Fujitec, including a new management plan and an alternative slate of outside directors.
How to attend:
Please register at front@fccj.or.jp with your name, the name of your media outlet, and FCCJ membership number. Due to space restrictions attendance will be limited. Doors open 15 minutes before the event. Please sign in, giving your name and contact details at the reception, and have your temperature taken before proceeding.
How to watch online: https://www.youtube.com/c/FCCJchannel/live
Livestreaming of the press events will be available and video of this event will be uploaded to our FCCJ YouTube channel.
How to ask questions: https://forms.gle/CQzQDT3T6yrVH7WU6
Members watching the event online can submit questions for the speakers in advance using this submission form.
TV crew: Please make a reservation at front@fccj.or.jp. Doors open for TV crews only at 30 minutes before the event.
Professional Activities Committee