TOKYO -- This year, Freund's annual general meeting was unusually contentious, thanks to one participant: Nao Makino from Kaname Capital.
Activists still see challenges in winning over institutional investors

As Japanese companies shift away from cross-shareholding, more shares are finding their way into the hands of retail investors and activists. (Photo by Kai Fuji)
TOKYO -- This year, Freund's annual general meeting was unusually contentious, thanks to one participant: Nao Makino from Kaname Capital.