Akiko Karaki is partner and head of office, Tokyo, at Brunswick Group.
In driving Dai Nippon Printing's stock price from the high 2,000-yen ($13.23) range to over 4,000 yen in an astonishing timeframe of less than six months, Elliott Management in 2023 showcased what activist funds could bring to the table for Japanese corporations. Its success is by no means an isolated case.
