Quantitative Monographs "Japan: Latest activism signals screens" Mok

Research evidence excerpt

Quantitative Monographs "Japan: Latest activism signals screens" Mok

Global Research

7 July 2026ab

Quantitative Monographs Equities

JapanJapan: Latest activism signals screens

Quantitative

Jia Li Mok, CFA

Nine new campaigns in June; activist positioning up by US$1.65bn Analyst

Compared with its global counterparts, Japan's shareholder activism has a distinctive jia-li.mok@ubs.com

footprint. While historically resistant to shareholder pressure, the country has seen a +65-6495 5772

steady rise in campaigns since the introduction of Abenomics and recent structural Will Stephens

reforms led by the Tokyo Stock Exchange and Financial Services Agency. In June, nine Analyst

new campaigns were recorded, bringing the YTD total to 51. Activist investors also will.stephens@ubs.com

added a net US$1.65bn in new positions, highlighting the accelerating pace and +852-3712 3892

growing influence of shareholder activism in Japan. Jessica SU

Analyst

Tracking Japan-focused activists jessica-hong.su@ubs.com

+852-3712 2059

Using campaign data, we have devised a systematic method to identify Japan-focused

activists. From this list of activists, we look into holdings data to track the companies Paul Winter

within the Japanese market they are invested in. As of the end of June, these activists Analyst

held a total value of US$57bn, representing 0.65% of the total market cap. For more paul-j.winter@ubs.com

+61-2-9324 2080

information, please see our main report.

Cathy Fang, PhD

Activism signals: Activist Held Percentage, Change in Activist Held Percentage Analyst

S1460518100001

We introduce two signals that can help identify activist alpha in Japan: 1) Activist Held

cathy.fang@ubs.com

Percentage, and 2) Change in Activist Held Percentage. Activist Held Percentage +86-21-3866 8891