リム・アドバイザーズ・リミテッド
Known for shareholder proposals and event-driven investing.
"Companies tracked" and "first seen" reflect activity within our coverage period (from 2021-09-09 onward, the past five years) and do not represent this investor's total number of historical holdings in the Japanese market.
This commentary is AI-generated from filing data and news articles (web search). It may contain hallucinations or factual errors, so please verify the content against primary sources yourself. It is not intended as investment advice.
LIM Advisors Limited's sample purpose statements reveal a bifurcated approach across its six tracked holdings. Three tickers (Advanced Media, KITAGAWA SEIKI, Inui Global Logistics) are filed under simple "Pure investment" language, with no further elaboration. The other three show materially more assertive, standardized engagement language ("Pure investment and material proposal (acts of making important proposals) etc."), and in these cases the filer provides specific, concrete detail rather than boilerplate: - At Sugimura Warehouse, the filing explicitly cites a persistently sub-1x PBR and the issuer's failure to implement asset-efficiency measures, and states that repeated requests for dialogue with the Chairman, President, and outside directors were refused, which may lead to material proposals. - At NPC Incorporated, the filer states it proposed introduction of a 6% DOE ratio for the next medium-term plan and frames further action as contingent on "constructive dialogue." - At Synchro Food, the language is the most concrete and escalatory in the sample set: a dated (April 22, 2026) shareholder proposal covering two director nominations, two articles-of-incorporation amendments (raising the director-count ceiling and establishing a Strategy Review Committee), plus a subsequent (May 25, 2026) request that two named outside directors resign, with an explicit statement that an extraordinary general meeting with removal proposals may be requested if they do not step down. This indicates the filer applies a recognizable two-tier template — passive "Pure investment" wording for some names versus a standardized activist clause triggered by perceived undervaluation or governance friction for others — with escalation intensity (dialogue request → proposal → board-removal threat) varying by issuer rather than uniform across the portfolio.
The six-name coverage spans four sectors: Machinery (2), Information & Communication (2), Warehousing and Harbor Transportation Service (1), and Marine Transportation (1). This is a fairly diversified, small-sample spread rather than a concentrated sector bet, though Machinery and Information & Communication each account for two of six positions, giving modest tilt toward these two areas.
Peak ownership ratios range from 5.44% to 18.24%, with a median of 6.60% across six tickers. Most positions therefore cluster near the 5% disclosure threshold, with at least one notable outlier reaching into the high-teens. Given Japan's large shareholding disclosure regime only requires filings once a stake exceeds 5%, the true entry point for any of these positions may have been built up from a lower, undisclosed base.
Five of six positions remain trackable above 5%, with a median elapsed holding period of 305 days — this is a lower bound only, since the position may still be held and the true duration is undetermined. One position has fallen to 5% or below, with 213 days elapsed since that threshold was crossed; under Japan's disclosure regime, falling to or below 5% terminates the filer's reporting obligation, rendering the position fundamentally unobservable thereafter by this platform or anyone else. This should not be read as evidence of divestment — the filer may still hold a smaller stake.
Of the six positions, one has fallen to 5% or below (untrackable) and none show a confirmed full divestment to 0% via amendment report in this dataset. Given the structure of Japan's disclosure regime, the fall-below-5% event functions as the de facto, commonly observed exit signal, while explicit confirmation of complete divestment is comparatively rare — consistent with the complete absence of confirmed 0% exits here. With only one untrackable case and zero confirmed exits, the sample is too small to characterize an exit pattern with confidence. This commentary reflects only activity observable within this platform's data collection period and does not represent LIM Advisors' complete historical investment record in the Japanese market; it does not constitute investment advice or a definitive interpretation of the filer's intent.
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Based on EDINET submission dates. Dates reflect when the filing was submitted, not when the underlying trade or shareholder proposal actually occurred.
When multiple filers are included in the same joint filing, we combine them into a single event (29 filings total on a per-filing basis, 29 on a per-event basis).
Pure investment and material proposal (acts of making important proposals) etc. The Filer considers it problematic that the price-to-book ratio (PBR) has remained below 1x for an extended period and that measures to improve asset efficiency have not been implemented. Because requests for dialogue with the Chairman of the Board, the President, and outside directors were repeatedly refused, material proposal (acts of making important proposals) etc. may be made to preserve and enhance corporate value and shareholder value.
Pure investment
Pure investment and material proposal (acts of making important proposals) etc. The Filer proposed to the Issuer the introduction of a dividend on equity (DOE) ratio of 6% during the next medium-term management plan period. Through constructive dialogue, material proposal (acts of making important proposals) etc. may be made to enhance corporate value and shareholder value.
Pure investment and material proposal (acts of making important proposals) etc. (based on constructive dialogue, material proposal (acts of making important proposals) etc. may be made to preserve and enhance corporate value and shareholder value)
Pure investment
Pure investment and material proposal (acts of making important proposals) etc. On April 22, 2026, the Filer submitted shareholder proposals for the Issuer's 23rd Ordinary General Meeting of Shareholders regarding (1) the election of two directors (Ken HOSOKAWA and Tatsuhiro MUTO), (2) partial amendment of the Articles of Incorporation (increasing the upper limit on the number of directors from seven or fewer to nine or fewer), and (3) partial amendment of the Articles of Incorporation (establishment of a Strategy Review Committee). Also, on May 25, 2026, the Filer requested the Issuer to have outside directors Ryota MATSUZAKI and Mihoko NAGAI step down as directors. If neither resigns, the Filer may request the convening of an extraordinary general meeting of shareholders with the removal of both as directors as an agenda item (specific timing undetermined). As material proposal (acts of making important proposals) etc., the Filer may make such proposals based on constructive dialogue to preserve and enhance corporate value and shareholder value.
Pure investment and material proposal (acts of making important proposals) etc. On April 22, 2026, the Filer submitted shareholder proposals for the Issuer's 23rd Ordinary General Meeting of Shareholders regarding (1) the election of two directors, (2) partial amendment of the Articles of Incorporation (increase in the upper limit on the number of directors), and (3) partial amendment of the Articles of Incorporation (establishment of a Strategy Review Committee). Based on constructive dialogue, material proposal (acts of making important proposals) etc. may be made to preserve and enhance corporate value and shareholder value.
Pure investment and material proposal (acts of making important proposals) etc.
Pure investment and material proposal (acts of making important proposals) etc.
Pure investment and material proposal (acts of making important proposals) etc.
Pure investment and material proposal (acts of making important proposals) etc.
Pure investment and material proposal (acts of making important proposals) etc.
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Pure investment
Under Japan's large shareholding reporting system, a filing obligation is triggered once a stake exceeds 5%, and a change report must be filed for every 1-point-or-more move after that. Once a holding drops to 5% or below, its status can no longer be tracked via EDINET at all, so the figures below reflect "as of the most recently filed report" — not the current holding.
| Company | Stake per latest report | Filing date |
|---|---|---|
| Synchro Food Co.,Ltd.3963Other activists in this company → | 13.12% | 2026-05-27 |
| NPC Incorporated6255Other activists in this company → | 7.00% | 2026-09-30 |
| Sugimura Warehouse Co.,Ltd.9307Other activists in this company → | 6.20% | 2026-09-30 |
| Advanced Media,Inc.3773Other activists in this company → | 6.05% | 2026-06-05 |
| Inui Global Logistics Co.,Ltd.9308Other activists in this company → | 5.44% | 2026-02-20 |
Because these are at or below 5%, subsequent holding status cannot be tracked.
| KITAGAWA SEIKI CO.,LTD.6327Other activists in this company → | 3.00% | 2026-03-24 |
Other tracked activist investors that hold a stake in at least one of the same companies.
This page mechanically aggregates and organizes disclosure data from publicly filed large shareholding and change reports into a timeline. The "purpose of holding" field is a machine translation of the original Japanese text as filed; the original filing is authoritative. It does not guarantee any particular investment judgment or interpretation of the filer's intent. Data is updated daily.
Source: public filings (large shareholding and change reports). "View original" links to the PDF of the original filing stored by beluuga.ai.
Click a card to expand it in the detailed chart below.
The horizontal axis reflects actual calendar dates (the real interval between filings); the vertical axis is ownership stake. Each marker is the value as of that filing — click it to view the underlying filing on EDINET (hover first to see the date and ratio).
The solid line marks changes confirmed by a filing. The lighter dashed line marks a stretch where the stake had fallen below 5% (so the continuing-disclosure obligation no longer applies) or where no new filing has been made since the latest report — the actual trajectory during that stretch is unknown (it does not necessarily mean the holding continued or stayed at a given level).