Long Corridor Asset Management Cuts Stake in ReYuu Japan (9425) to 41.07% | Large Shareholding Report

A large shareholding report (EDINET filing) shows that Long Corridor Asset Management Limited has reduced its stake in ReYuu Japan (9425) to 41.07%. The Hong Kong-based activist and event-driven fund has sold shares in the company, which operates a business dealing in used smartphones, tablets, and other telecommunications devices as reused products, while also providing equipment rental services to corporate clients. This 41.07% stake represents a substantial holding, positioning the fund as the company's leading shareholder.

The reduction reflects a 3.38 percentage point decline from the fund's previous disclosure. The estimated sale proceeds total ¥50 million based on the share price of ¥215 as of August 24. The staged reduction in holdings suggests a shift in investment approach, with the fund methodically trimming its position over time.

The business model hinges directly on demand patterns in the secondhand telecommunications equipment market and competitive pressures, factors whose volatility naturally feeds into valuation uncertainty. *Speculation: The staged profit-taking during a period of heightened market uncertainty could reflect the fund's investment timeline constraints or portfolio rebalancing requirements.