TOKYO, Oct 13 (Bernama-BUSINESS WIRE) — 3D Investment Partners Pte. Ltd. as investment manager of 3D OPPORTUNITY MASTER FUND (together “3D”) today published a presentation regarding its shareholder proposals to enhance board composition at Fuji soft Incorporated (“Fuji soft” or “the Company”) (9749.T). 3D has nominated four candidates to be added to the Fuji soft Board of Directors.
3D currently owns more than 21% of Fuji soft and is the Company’s largest shareholder. For more than two years, 3D has attempted to engage in a constructive dialogue with the Company on topics including capital allocation, profit margin and growth strategy to help increase corporate value. 3D has provided the Board of Directors and management with hundreds of pages of analysis and a comprehensive plan to help address what we believe are Fuji soft’s primary shortcomings, including the allocation of capital to low-return investments in office buildings, a suboptimal business configuration with undervalued listed subsidiaries, poor capital allocation, low profit margins and an unfocused growth strategy.