Oasis Management Company Ltd. Raises Stake in Infomart (2492) to 13.4% | Large Shareholding Report

A large shareholding report (EDINET filing) shows that Oasis Management Company Ltd. has raised its stake in Infomart (2492) to 13.4%. The Hong Kong-based activist fund's latest acquisition builds on its earlier stakes in the company. Infomart operates ordering and payment platforms for restaurants alongside food and supply chain procurement services, making the 13.4% holding a significant position within the company's market capitalization. The stake has grown by 8.33 percentage points from the fund's initial 5.07% disclosed on July 2.

The fund deployed an estimated ¥2.02 billion to build this position as of August 27, 2026, when Infomart shares traded at ¥596. The acquisition was executed in multiple tranches across eight separate large shareholding filings filed since early July, with the fund rising from a minor stakeholder to a principal shareholder in less than two months. This stepwise accumulation reflects a deliberate and phased approach to building influence within the company.

Oasis Management held stakes exceeding 5% in 45 companies at the same date. Its portfolio includes Ain Holdings at 21.96% in retail, SMS and Kakaku.com in services at 21.34% and 19.52% respectively, Sun Denshi in electrical equipment at 18.45%, and Nikkon Holdings in land transport at 17.67%. The Infomart position ranks among the fund's largest holdings, demonstrating a diversified approach across sectors with emphasis on major corporations where it can establish meaningful control blocks.

Within Infomart's shareholding structure, Symphony Financial Partners (Singapore) Pte. Ltd. leads with 25.91%, while Daiichi Life Holdings and Daiichi Life Group each hold 15.06%. Oasis Management's 13.4% establishes it as the third major institutional investor, positioned to exercise influence alongside these established shareholders. The fund's rapid ascent reflects a targeted campaign to become central to the company's investor base.

Market metrics reveal PER at 70.2x and PBR at 11.11x, with the stock trading in its 52-week high band at the 94th percentile. Elevated valuations reflect market expectations for earnings growth, while the price-to-book premium underscores investor confidence in the company's asset deployment efficiency. Both metrics indicate the market has already incorporated optimistic assumptions about the business.

*Speculation: The activist fund's methodical accumulation suggests confidence in Infomart's growth trajectory within food service logistics, and may presage governance engagement or strategic proposals aimed at maximizing shareholder value.