{"id":6448,"date":"2026-05-25T06:41:38","date_gmt":"2026-05-25T13:41:38","guid":{"rendered":"https:\/\/dev.darsky.com\/dalton\/?p=6448"},"modified":"2026-05-25T06:41:40","modified_gmt":"2026-05-25T13:41:40","slug":"proposal-to-bunka-shutter-please-dont-close-the-shutter-on-shareholders","status":"publish","type":"post","link":"https:\/\/dev.darsky.com\/dalton\/proposal-to-bunka-shutter-please-dont-close-the-shutter-on-shareholders\/","title":{"rendered":"Proposal to Bunka Shutter \u2013 Please Don\u2019t Close the Shutter on Shareholders"},"content":{"rendered":"\n

May 25, 2026<\/p>\n\n\n\n

Rising Sun Management (RSM), an affiliate of Dalton Investments, has submitted a shareholder proposal to Bunka Shutter Co., Ltd. (\u201cBunka Shutter\u201d) ahead of the company\u2019s upcoming AGM in June 2026.<\/p>\n\n\n\n

We are releasing presentation materials outlining our proposal and concerns.<\/p>\n\n\n\n

Bunka Shutter\u2019s core shutter business holds the second-largest market share in Japan, with strong competitive positioning and attractive long-term growth potential. Through our engagement with the company, management demonstrated a constructive approach toward the capital markets, which had been positively received by investors.<\/p>\n\n\n\n

That progress, however, has been undermined since the company announced plans to introduce a poison pill defense in September 2025, which has significantly deteriorated corporate value.<\/p>\n\n\n\n

To improve governance and support long-term shareholder value creation, we are proposing two independent outside director candidates.<\/p>\n\n\n\n

Please find the presentation materials here<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

May 25, 2026 Rising Sun Management (RSM), an affiliate of Dalton Investments, has submitted a shareholder proposal to Bunka Shutter Co., Ltd. (\u201cBunka Shutter\u201d) ahead of the company\u2019s upcoming AGM in June 2026. We are releasing presentation materials outlining our \u2026
read more ><\/a><\/p>\n","protected":false},"author":717,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[27],"tags":[],"class_list":["post-6448","post","type-post","status-publish","format-standard","hentry","category-dalton-actions","wpautop"],"yoast_head":"\nProposal to Bunka Shutter \u2013 Please Don\u2019t Close the Shutter on Shareholders - Dalton Investments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.darsky.com\/dalton\/proposal-to-bunka-shutter-please-dont-close-the-shutter-on-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proposal to Bunka Shutter \u2013 Please Don\u2019t Close the Shutter on Shareholders - Dalton Investments\" \/>\n<meta property=\"og:description\" content=\"May 25, 2026 Rising Sun Management (RSM), an affiliate of Dalton Investments, has submitted a shareholder proposal to Bunka Shutter Co., Ltd. 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