Nippon Active Value Submits Shareholder Proposal to Nihon Denkei
March 31, 2022 at 05:00 am
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On March 31, 2022, Nippon Active Value Fund plc announced that it has submitted a notification with the purpose of give management advice and make important proposals depending on the situation. In particular, the Nippon Active Value Fund believes that the Company's financial health and market position are not reflected in its share price and need to discuss ways to increase its share value for all shareholders.
NIHON DENKEI CO.,LTD. is a Japan-based company mainly engaged in the sale, repair and calibration of electronic measuring instruments. The Company operates in three regional segments including Japan, China and Others. The Company is mainly engaged in the sale and manufacture of electronic measuring instruments, various system equipment, electronic components, as well as leasing and rental business. The business items include electronic measuring instruments, measuring instruments for communication, computers and peripherals, automatic and labor-saving equipment, measuring instruments for physics and chemistry, industrial application equipment, measuring instruments for production processes, environmental testing instruments, optical measuring instruments, and educational experiments, electronic parts, mechanical parts, measuring instrument leasing and rental services, curio dealers, building construction, jumping and construction business.