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.
Based on the verbatim purpose statements filed with EDINET, UGS Asset Management describes itself as pursuing both "純投資" (pure investment) and "重要提案行為等" (important proposal actions) across all three of its disclosed holdings, but the level of detail and assertiveness varies markedly by name. For タキヒヨー (Takihyo), the filing explicitly states an intent to seek "PBR1倍の早期達成および中長期的な企業価値向上," to approach management for "constructive dialogue" on capital efficiency and shareholder return policy, and notes that exercise of shareholder proposal rights is "undecided at this stage" but "may be conducted" depending on how dialogue progresses. It further states an intent to acquire more than 5% of shares within three months if the market price remains at what it judges to be an undervalued level. ｍｅｉｔｏ's filing uses nearly identical language — dialogue starting from a specified date, proposals/advice on "政策保有株式の売却" (sale of cross-shareholdings), expanded shareholder returns, resolving sub-1x PBR, governance strengthening, and the same conditional 5%+ additional-acquisition language. This recurrence of near-identical wording across Takihyo and Meito suggests a standardized engagement template applied by the filer. By contrast, the 佐田建設 (Sada Construction) filing contains only the generic boilerplate "純投資、重要提案行為等を行うこと," with no elaboration — a notably less assertive disclosure than the other two.
The three covered tickers span three distinct sectors — Wholesale (卸売業), Foods (食料品), and Construction (建設業) — each represented once. With only three names and no sector concentration, this dataset shows a diversified rather than sector-concentrated pattern, though the small sample size limits how much can be inferred about a deliberate sector preference.
Peak ownership ratios across the three tickers range from 1.11% to 9.75%, with a median of 7.18%. This indicates that, at least for the two names exceeding the 5% threshold, the filer has built positions modestly above the disclosure trigger. It should be noted that Japan's large shareholding disclosure regime only requires filings once ownership exceeds 5%, so smaller positions (including the 1.11% figure) may reflect a name that never crossed into disclosure-triggering territory in the same way, or a residual/declining stake.
For the two positions still above 5%, elapsed days carry a median of 94.5 days — a relatively short window, but this is only a lower bound, since Japan's disclosure regime does not reveal an end date for positions still being tracked; the true holding period is undetermined and the position may continue. For the one position that fell to 5% or below, 335 days have elapsed since that threshold was crossed. It is important to note that once a holding falls to 5% or below, the filer's disclosure obligation terminates, rendering the position fundamentally unobservable from that point forward — by this platform or by any other outside observer. A drop to 5% or below does not equate to full divestment; the filer may continue to hold a smaller, undisclosed stake.
Of the three tracked positions, two remain above 5% and one has fallen to 5% or below; no positions show confirmed full divestment (0%) via an amendment report in this dataset. Given the structure of Japan's disclosure regime, a drop to 5% or below functions as the de facto, observable exit signal, while explicit confirmation of complete divestment to 0% via amendment filing is comparatively rare — and in this filer's case, has not yet occurred within the covered sample. With zero confirmed full-divestment cases, no data exists on peak ratio just prior to exit, and the single "fell to 5% or below" instance should not be interpreted as evidence of complete sale. This commentary reflects only the 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 a definitive assessment of the filer's intent or any individual investment judgment.
Anyone can view and interact with this page for free. If you'd like a print-optimized PDF, please fill out the form below. The download starts immediately.
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 (6 filings total on a per-filing basis, 6 on a per-event basis).
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、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、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
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 → | 7.18% | 2026-06-26 |
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 |
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).