UGSアセットマネジメント株式会社
A Japan-based investor known for material proposals and management advisory engagement.
"Companies tracked" and "first seen" reflect activity within our coverage period (from 2025-02-09 onward) 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.
UGS Asset Management's own EDINET filings describe its purpose as "純投資および重要提案行為等を行うこと" (pure investment and important proposal actions) across all three covered names, indicating a standardized baseline stance that goes beyond passive holding. The filings for タキヒヨー and ｍｅｉｔｏ contain notably more assertive and detailed language: both explicitly cite the objective of achieving PBR of 1x and improving mid- to long-term corporate value, state an intention to continue constructive dialogue with management on capital efficiency and shareholder returns, and disclose a plan to acquire additional shares exceeding 5% of shares outstanding within three months if the market price is judged undervalued. The タキヒヨー filing further notes that important proposal actions are "undecided at this stage" but may occur depending on the progress of dialogue, while the ｍｅｉｔｏ filing describes an intended dialogue start date (from March 2026) covering sale of cross-shareholdings, expanded shareholder returns, resolving sub-1x PBR, and governance strengthening. By contrast, the 佐田建設 filing uses only the terse boilerplate phrase "純投資、重要提案行為等を行うこと" without elaboration. Recent press coverage indicates 佐田建設 and タキヒヨー have each received shareholder proposals and issued board opinions in response, consistent with the more engagement-oriented purpose language on file.
Coverage is limited to three tickers, one each in 卸売業 (wholesale trade), 食料品 (foods), and 建設業 (construction). With one holding per sector, the portfolio shows no sector concentration within this dataset and appears diversified across distinct industries rather than thematically focused, though the small sample limits any broader conclusion.
Peak ownership ratios across the three tickers range from 1.11% to 9.75%, with a median of 8.19%. This places the typical peak stake above the 5% threshold that triggers disclosure under Japan's large shareholding reporting regime, though one holding sits well below that (1.11%), underscoring variability in stake size across the portfolio. Press coverage corroborates the upward trajectory in one case, noting UGS's stake in タキヒヨー rose from an initial 5.03% disclosure to 7.18% and then to 8.19%.
Two positions remain above 5% and are still trackable, with a median elapsed holding period of 166 days as a lower bound — the true holding period is undetermined and may extend further. One position has fallen to 5% or below, with 356 days elapsed since that threshold was crossed; under Japan's disclosure regime, once a position falls to 5% or below the filer's disclosure obligation ends, rendering the position fundamentally unobservable thereafter by this platform or any other observer. This does not mean the position was fully divested — UGS may still hold a smaller stake. No definitive average holding period can be stated from this data.
Of the three tracked positions, one has fallen to 5% or below (untrackable), and none show confirmed full divestment to 0% via an amendment report. Given the structure of Japan's disclosure regime, a drop to 5% or below functions as the de facto exit signal in practice, while explicit confirmation of full divestment is comparatively rare — and in this filer's case, no such confirmed 0% exit exists within the dataset (n=0), so no peak-ratio-before-exit figure is available. Press coverage on the unrelated 東洋証券 case shows a prior instance where UGS and another holder jointly sold roughly 9 million shares via a tender buyback, illustrating that exits can occur, but this is a separate issuer outside the three covered tickers and should not be read as directly informative about exit patterns for タキヒヨー, ｍｅｉｔｏ, or 佐田建設. This commentary reflects only activity captured within this platform's data collection period and does not represent UGS Asset Management's complete historical investment record in the Japanese market. It does not constitute investment advice or a definitive assessment 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 (13 filings total on a per-filing basis, 13 on a per-event basis).
Ratios generally reflect this filer's own individual stake as we track it. Items marked "Filer only (possible joint filing)" are joint (co-filed) submissions where the actual holding likely lies with another co-filer we do not track; these do not reflect the combined stake of the joint filing group that triggered the disclosure obligation.
純投資および重要提案行為等を行うこと。発行者のPBR1倍の早期達成および中長期的な企業価値向上を目的とし、経営陣との資本効率の改善や株主還元方針に関する建設的な対話を継続する意向。重要提案行為については現段階で未定だが、対話の進捗に応じて行う可能性がある。また市場価格が割安な場合、3か月以内に発行済株式総数の5%を超える株式を追加取得する予定がある。
純投資および重要提案行為等を行うこと。発行者のPBR1倍の早期達成および中長期的な企業価値向上を目的とし、本報告書提出後、経営陣に対して資本効率の改善や株主還元方針に関する建設的な対話を申し入れる予定である。株主総会における株主提案権の行使等の重要提案行為については現段階において未定であるが、今後の経営陣との対話の進捗およびその状況に応じて、必要と判断した場合にはこれを行う可能性がある。また提出者は、発行者の株式の市場価格が割安と判断される水準にとどまる場合、ポートフォリオ投資の一環として、今後3か月以内に発行者の発行済み株式総数の5%を超える普通株式を市場内外の取引を通じて追加取得する予定がある。
純投資および、発行会社の持続的な成長と中長期的な企業価値向上を目的とした重要提案行為等を行うため。2026年3月より経営陣との対話を開始し、資本効率の改善(政策保有株式の売却)、株主還元の拡充、PBR1倍割れの解消、ガバナンスの強化等について提案または助言を行う可能性がある。また、株式市場価格が割安と判断される場合、今後3か月以内に発行済株式総数の5%を超える追加取得を行う予定がある。
純投資および重要提案行為等を行うこと。発行者のPBR1倍の早期達成および中長期的な企業価値向上を目的とし、本報告書提出後、経営陣に対して資本効率の改善や株主還元方針に関する建設的な対話を申し入れる予定である。株主総会における株主提案権の行使等の重要提案行為については現段階において未定であるが、今後の経営陣との対話の進捗およびその状況に応じて、必要と判断した場合にはこれを行う可能性がある。また、発行者の株式の市場価格が割安と判断される水準にとどまる場合、ポートフォリオ投資の一環として、今後3か月以内に発行者の発行済み株式総数の5%を超える普通株式を市場内外の取引を通じて追加取得する予定がある。
純投資および、発行会社の持続的な成長と中長期的な企業価値向上を目的とした重要提案行為等を行うため。2026年3月より経営陣との対話を開始しており、資本効率の改善(政策保有株式の売却)、株主還元の拡充(自己株取得・増配)、PBR1倍割れの解消、ガバナンスの強化等について提案・助言を行う可能性があり、株主提案権の行使準備もある。市場価格が割安な場合、今後3か月以内に発行済株式総数の5%を超える追加取得を行う予定。
純投資、重要提案行為等を行うこと
純投資、重要提案行為等を行うこと
純投資、重要提案行為等を行うこと
純投資、重要提案行為等を行うこと
純投資、重要提案行為等を行うこと
純投資、重要提案行為等を行うこと
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 |
|---|---|---|
| MEITO CO.,LTD.2207Other activists in this company → | 9.75% | 2026-05-27 |
| Takihyo Co.,Ltd.9982Other activists in this company → | 8.19% | 2026-08-25 |
Because these are at or below 5%, subsequent holding status cannot be tracked.
| Sata Construction Co.,Ltd.1826Other activists in this company → | 1.11% | 2025-09-22 |
A large shareholding report can be jointly filed by multiple parties, with each filer's individual stake recorded separately. The companies below are ones where the filer we track has consistently reported a 0% individual stake, meaning the actual holding likely lies with another co-filer we do not track. Because we cannot determine the joint filing group's overall holding status, these are not classified as major, minor, or sold.
This page mechanically aggregates and organizes disclosure data from EDINET large shareholding and change reports into a timeline. The "purpose of holding" field reproduces the original text as filed. It does not guarantee any particular investment judgment or interpretation of the filer's intent. Data is updated daily.
Source: EDINET (the Financial Services Agency's electronic disclosure system). "View original" links to the PDF of the original filing, which we retrieve and store via the EDINET API (EDINET's own browsing site does not support direct links to individual filings).
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).