Long Corridor Asset Management Takes 17.83% Stake in Aibee Cosmetics (4918) | Large Shareholding Report

A large shareholding report (EDINET filing) reveals that Long Corridor Asset Management Limited has raised its stake in Aibee Cosmetics (4918) to 17.83%. The fund, based in Hong Kong, focuses on activist and event-driven investment strategies. As of August 24, 2026, this 17.83% holding represents a substantial position in the company's market capitalization, making the filer a major shareholder.

No prior shareholding report by the same filer has been identified within the preceding 400 days, suggesting this represents either an initial position or a significant resumption after an extended absence. The estimated acquisition cost totaled ¥330 million, with the stock trading at ¥297 per share at the time of disclosure. An activist fund based in Hong Kong building such a significant stake in Aibee Cosmetics implies recognition of potential value creation opportunities in the business.

The current down-risk level for the stock is assessed as moderate, indicating this was not accumulated during a favorable market environment but rather during a period of price adjustment. *Speculation: This rise in activist shareholding could potentially lead to engagement with management, shareholder proposals, or influence over the company's strategic direction and capital allocation decisions.