Japanese retail investors rally around activism

Activists still see challenges in winning over institutional investors

20240709 Tokyo skyline

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)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- This year, Freund's annual general meeting was unusually contentious, thanks to one participant: Nao Makino from Kaname Capital.

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