株式会社ヴァレックス・パートナーズ
A Japan-based investor known for concrete engagement proposals, including business transfers, majority-stake acquisition proposals, and capital policy changes.
"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.
VARECS Partners' sample purpose statements show a filer that consistently frames its holdings as "純投資（投資一任契約その他契約に係る顧客の資産運用）" (pure investment via discretionary investment management for clients), but in the large majority of the nine sampled tickers this base language is paired with "及び状況に応じて重要提案行為等を行うこと" (and, depending on circumstances, engaging in important proposal actions), indicating a standardized template applied across the portfolio rather than purely passive intent. The assertiveness of the language varies meaningfully by holding: for メディキット, シュッピン, and ＡＩＲＭＡＮ, the filings go further, stating that proposals concerning acquisition of a majority of voting rights and/or important changes to capital policy or dividend policy have been made or are planned within the next 12 months. For 帝国電機製作所, the filing references specific provisions of the Cabinet Office Ordinance and FIEA enforcement order tied to large shareholding disclosure, with proposals made or planned to the issuer. By contrast, プレステージ・インターナショナル, オークネット, マーキュリアホールディングス, and ベルテクスコーポレーション carry only the general "重要提案行為等を行うこと" language without elaboration, and オロ carries only the plain "純投資" wording with no engagement clause. This spread suggests engagement intensity is not uniform across the book.
Across nine covered tickers, the portfolio spans seven sectors, with 情報・通信業 and 機械 each accounting for two names and the remaining five sectors (精密機器, 小売業, サービス業, 証券・商品先物取引業, ガラス・土石製品) holding one each. This pattern points to a broadly diversified sector footprint rather than concentration in a single industry, though information/communications and machinery show a modest tilt relative to other sectors.
Peak ownership ratios across the nine tickers range from 4.14% to 18.42%, with a median of 12.22%. This suggests the filer typically builds positions into the low-double-digit percentage range, though the range captures at least one case near the 5% disclosure threshold and one case approaching 20%. As a reminder, Japan's large shareholding disclosure regime only requires filings once ownership exceeds 5%, so any accumulation below that threshold is not captured in this dataset.
Seven of the nine positions remain above 5% and trackable, with a median elapsed holding time of 349 days — this is a lower bound only, since the true holding period is undetermined and these positions may still be ongoing. One position has fallen to 5% or below, with only 41 days elapsed since that point; per the disclosure regime, once a position drops to 5% or below the filer's disclosure obligation ends, making the position fundamentally unobservable thereafter — by this platform or by anyone else. Falling to 5% or below does not indicate full divestment; the filer may retain a smaller stake. No definitive average holding period can be stated from this data.
Of the nine tracked positions, one fell to 5% or below (untrackable, not necessarily fully divested) and one shows confirmed full divestment to 0% via an amendment report, with a peak ratio just before exit of 10.05% and a holding period from initial disclosure to 0% of 196 days. Given the structure of Japan's disclosure regime, falling to 5% or below effectively serves as the de facto exit signal in most observable cases, while explicit confirmation of full divestment to 0% is comparatively rare — here represented by a single instance. Both categories carry very limited sample sizes (n=1 each), so no general exit pattern can be reliably inferred. This commentary reflects only activity captured within this platform's collection period and does not represent the filer's complete historical investment record in the Japanese market. It does not constitute investment advice or a definitive assessment of this filer's intent or future actions.
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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 (24 filings total on a per-filing basis, 24 on a per-event basis).
純投資（投資一任契約その他契約に係る顧客の資産運用）。ただし企業価値向上を目的として、議決権過半数超の取得となる取引について発行者に提案を行っており、また今後12カ月以内に資本政策に関する重要な変更についても提案を行う予定。
純投資（投資一任契約その他契約に係る顧客の資産運用）
純投資（投資一任契約その他契約に係る顧客の資産運用）及び状況に応じて重要提案行為等を行うこと。事業の全部又は一部の譲渡等及び発行者以外の者が議決権過半数を取得することとなる取得に関する提案を実施中。また今後12カ月内に配当方針の重要な変更及び資本政策に関する重要な変更について提案予定。
純投資（投資一任契約その他契約に係る顧客の資産運用）及び状況に応じて重要提案行為等を行うこと。企業価値の向上を目的として、発行者の議決権が過半数を超える取得に関する提案を実施済み、また配当方針の重要な変更及び資本政策の重要な変更について今後12カ月以内に提案予定。
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと。なお、金融商品取引法施行令第14条の8の2第1項第7号および株券等の大量保有の状況の開示に関する内閣府令第16条第4号に関する事項について発行者に対して提案を行っている。また、金融商品取引法施行令第14条の8の2第1項第8号、および株券等の大量保有の状況の開示に関する内閣府令第16条第1号に関する事項について発行者に対して提案を行う予定である。
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと。金融商品取引法施行令第14条の8の2第1項第7号および内閣府令第16条第4号に関する事項について発行者に対して提案を行っている。また、同令第14条の8の2第1項第8号、内閣府令第16条第1号に関する事項について発行者に対して提案を行う予定である。
純投資（投資一任契約その他契約に係る顧客の資産運用）及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと。株券等の大量保有の状況の開示に関する内閣府令第16条第4号に関する事項について、発行者に対して提案を行っている。また、金融商品取引法施行令第14条の8の2第1項第8号に関する事項並びに同府令第16条第1号に関する事項について、発行者に対して提案を行う予定。
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資（投資一任契約その他契約に係る顧客の資産運用）及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資（投資一任契約その他契約に係る顧客の資産運用）及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資（投資一任契約その他契約に係る顧客の資産運用）及び状況に応じて重要提案行為等を行うこと
純投資(投資一任契約その他契約に係る顧客の資産運用)及び状況に応じて重要提案行為等を行うこと
純投資（投資一任契約その他契約に係る顧客の資産運用）及び状況に応じて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 |
|---|---|---|
| TEIKOKU ELECTRIC MFG. CO.,LTD.6333Other activists in this company → | 18.42% | 2026-06-25 |
| Syuppin Co.,Ltd.3179Other activists in this company → | 14.63% | 2026-08-25 |
| MEDIKIT CO.,LTD.7749Other activists in this company → | 14.53% | 2026-09-11 |
| AIRMAN CORPORATION6364Other activists in this company → | 12.97% | 2026-08-03 |
| Vertex Corporation5290Other activists in this company → | 12.22% | 2025-09-29 |
| AUCNET INC.3964Other activists in this company → | 9.18% | 2026-03-24 |
| ORO Co.,Ltd.3983Other activists in this company → | 7.68% | 2026-09-04 |
Because these are at or below 5%, subsequent holding status cannot be tracked.
| Prestige International Inc.4290Other activists in this company → | 4.14% | 2026-08-03 |
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 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).