ＮＩＰＰＯＮ　ＡＣＴＩＶＥ　ＶＡＬＵＥ　ＦＵＮＤ　ＰＬＣ Raises Stake in 明星工業 (1976) to 8.39% | Large Shareholding Report

NIPPON ACTIVE VALUE FUND PLC, a London-listed activist investment trust focused on Japanese equities, has increased its stake in Myojo Industrial (1976), a precision machinery parts manufacturer. A large shareholding report filed on August 12 revealed that the fund's ownership has reached 8.39%. With an estimated acquisition cost of 360 million yen, the fund has established its position as a major shareholder representing a significant portion of the company's market capitalization.

The fund employs an investment strategy targeting undervalued Japanese stocks, and this additional purchase suggests a deepening investment conviction in Myojo Industrial. At the disclosure date, the stock price stood at 1,787 yen, marking an acquisition during a low-risk period according to the fund's valuation model. An activist investor achieving shareholding exceeding 8% represents an important milestone with potential implications for management improvements and enhanced capital efficiency.

*Speculation: The additional purchase during a low-risk window suggests the fund maintains confidence in Myojo Industrial's intrinsic value and may be positioning for value creation over the medium to long term.