MTM Capital株式会社
A Japan-based investor known for its improvement proposals, open letters and acquisition proposal at Chiikishimbunsha.
"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.
The sole sample purpose statement on file — for CHIIKISHINBUNSHA CO.,LTD. — is explicitly engagement-oriented rather than passive. The EDINET text states the filer's purpose "to conduct material proposal acts, etc. for the purpose of enhancing corporate value," references a "letter of intent regarding additional acquisition of shares" aimed at "realizing recovery of corporate value and medium- to long-term enhancement of corporate value under a new management structure," and states that a "proposal of candidates for directors, etc. is planned." The filing also discloses intent "to conduct acts that increase the shareholding ratio by 5% or more." This is unambiguous language indicating board-nomination activity and capital-related engagement, not a buy-and-hold passive stance. With only one covered ticker, there is no basis to compare assertiveness across holdings. Press coverage referenced for this name corroborates the engagement framing — reports describe the filer's representative publicly criticizing incumbent management and the company's independent committee characterizing the filer as part of a coordinated shareholder group ("wolf pack") that prompted a takeover-defense response — but these are external reports, not statements filed by MTM Capital itself, and should be read as corroborating context rather than confirmed filer intent.
Coverage is limited to a single ticker in the Services sector. With only one position on record, no conclusion can be drawn about sector concentration versus diversification; this filer's observable activity in the dataset is effectively a single-name engagement rather than a sector-based strategy.
The sole tracked position shows a peak ownership ratio of 13.40%, with median and range identical at 13.40% (n=1). This is well above the 5% disclosure threshold under Japan's large shareholding reporting regime, which only requires public filing once ownership crosses 5%; actual accumulation could have begun earlier without visibility. Press coverage referencing this same issuer mentions higher reported stakes (around 15–19%) at various points, which may reflect different snapshot dates, joint-holder dynamics, or a successor filer (a separate entity reported in the press) rather than directly contradicting the dataset figure.
The one position still above 5% shows an elapsed holding period of 376 days (median, n=1). This is a lower bound only — under Japan's disclosure regime, a position is tracked continuously only while it remains above 5%; the filer may continue holding beyond this elapsed figure, and the true total holding period is undetermined from this data alone. There are no positions in the dataset that have fallen to 5% or below, so no "untrackable" holding-period observations exist for this filer; note again that such a transition, were it to occur, would not itself indicate full divestment, only the end of disclosure obligation.
The dataset shows zero positions that fell to 5% or below and zero confirmed full divestments (0%) via amendment report — the single tracked position remains above 5% as of the latest data. Sample size here is minimal (n=1), so no exit pattern can be inferred from the structured data. Separately, press coverage describes an episode involving this issuer in which shares were reportedly transferred to another entity and a subsequent amendment report showed a reduction to 0% for a related filer — but this reporting pertains to filings and entities that may differ from, or postdate, the snapshot captured in this dataset, and should not be read as confirming an MTM Capital exit within the tracked data. As a general matter, under Japan's disclosure regime, falling to 5% or below functions as the de facto (and often only observable) exit signal, while explicit 0% confirmations via amendment report are comparatively rare; neither case applies here based on the structured data alone. This commentary reflects only the activity captured within this platform's collection period and does not represent MTM Capital's complete historical investment record in the Japanese market, nor does it constitute a definitive assessment of the filer's intent or any individual investment judgment.
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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 (12 filings total on a per-filing basis, 12 on a per-event basis).
Materials the investor published itself about the same companies (white papers, presentations, open letters, etc.; 9 items) are shown in date order with a document icon. "Open" shows the copy kept by beluuga.ai; "Source" links to where it was originally published.
To conduct material proposal acts, etc. for the purpose of enhancing corporate value (for the purpose of realizing recovery of corporate value and medium- to long-term enhancement of corporate value under a new management structure, a letter of intent regarding additional acquisition of shares was submitted. To establish a sound management structure, a proposal of candidates for directors, etc. is planned). To conduct acts that increase the shareholding ratio by 5% or more.
Possibility of conducting material proposal acts, etc. for the purpose of enhancing corporate value; conducting acts that increase the shareholding ratio by 5% or more; advance notice regarding acquisition proposal submitted (corrected content per corrective report).
For the purpose of enhancing corporate value, carrying out material proposal acts, and carrying out acts that increase the shareholding ratio of share certificates, etc. by 5% or more
To conduct material proposal acts, etc. for the purpose of enhancing corporate value.
To conduct material proposal acts, etc. for the purpose of enhancing corporate value (advance notice regarding acquisition proposal submitted).
To conduct material proposal acts, etc. for the purpose of enhancing corporate value (as corrected).
To conduct material proposal acts, etc. for the purpose of enhancing corporate value.
2026年5月29日公表の株式分割並びに近時の一連の資本政策・経営施策に関する弊社の見解(Japanese)
Making material proposal acts, etc.
Making material proposal acts, etc.
2026年4月14日公表の第三者割当による新株式及び第11回新株予約権に関する公開質問状(Japanese)
Making material proposal acts, etc.
MTM Capitalによる地域新聞社の改善に向けたご説明資料(Japanese)
地域新聞社の経営陣による保身及び企業価値毀損に関する公開質問状(Japanese)
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 |
|---|---|---|
| CHIIKISHINBUNSHA CO.,LTD.2164Other activists in this company → | 13.40% | 2026-09-04 |
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.
Published materials are documents the investor itself made public; their content and copyright belong to the investor. beluuga.ai keeps copies as published so they remain available after the original page is taken down.
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).