Shareholder activism
In February 2014, Fischer sent a letter to Nintendo President Satoru Iwata which stated that the company should focus on the mobile game market.[7] In July 2016, it was reported that Oasis stood to make tens of millions after the success of Pokémon Go.[8]
In November 2015, Oasis called for Kyocera to pay back more than $4 billion to investors. The plan was for Kyocera to sell is $8.3 billion stake in KDDI and to give half the proceeds to shareholders.[9]
In February 2017, Oasis opposed Panasonic's plan to acquire its subsidiary PanaHome stating the price was too low.[10] In April 2017, Panasonic raised its offer to satisfy Oasis and other shareholders.[11]
In November 2017, Oasis proposed a management buyout as well as a request to examine the books and records of Pasona.[12]
In 2018, Oasis was opposed to Alps Electric acquiring Alpine Electronics stating it was ripping off Alpine's minority stock owners. However Elliott Management which held more shares supported the deal.[13] In January 2019, the deal went through and Alps Alpine was formed.[14] In March 2019, Alps Alpine stated that Oasis sued it for 38.4 billion yen ($345 million) in damages and had asked the Tokyo District Court to nullify the merger.[14] In March 2022, the court sided in favour of Alps Alpine.[15]
In October 2020, Oasis submitted a request to Tokyo Dome Corp to hold an extraordinary general meeting to replace its top management.[16] In November 2020, Mitsui Fudosan announced a 120.5 billion yen ($1.2 billion) bid for Tokyo Dome Corp. After the offer, Oasis decided to tender its shares allowing the bid to be completed in January 2021.[17]
In April 2021, Oasis opposed CVC Capital Partners’ buyout proposal for Toshiba stating it was too low.[18] In March 2022, Oasis voted at an extraordinary general meeting that Toshiba solicit buyout offers from private equity firms. It also voted against Toshiba plan to break itself up.[19] In March 2023 Toshiba agreed to be acquired for US$15 billion by a consortium of 20 companies, which was led by Japan Industrial Partners and included Orix, Chubu Electric Power, and Rohm.[20]
In May 2022, Oasis published details which alleged the Fujitec's founding family Uchiyama was abusing its control over the company. It later then called for an extraordinary general meeting to replace all of the company's outside directors.[21] In February 2023, Fujitec shareholders voted to replace three of the company's outside directors with four people nominated by Oasis. In March 2023, the board ousted Fujitec Chairman Takakazu Uchiyama.[22]
In February 2023, Oasis made demands to The Restaurant Group that it changes its management team. In the subsequent months it increased its shareholding as the share price dropped by acquiring shares from Odey Asset Management and Columbia Threadneedle Investments. In October 2023, when Apollo Global Management made a bid to buy The Restaurant Group for £560 million, Oasis stood to make £40mn in profits.[23]
In March 2024, it was reported that Oasis had built up an ownership stake of Greencore which was just under 5%. Oasis was frustrated with Greencore not paying out a dividend since 2020 and was speculated to acquire more shares so it could enact changes at the company.[24]
In April 2024, Oasis announced that it held 3% of Kao Corporation and laid out a proposal to increase the share price by 76% to 97% by streamlining and focusing on overseas marketing.[25]
In July 2024, Oasis filed a 7.2 billion yen ($45.21 million) lawsuit against Japanese drugstore Kusuri No Aoki's president and vice president, alleging that Aoki issued stock options to both men in 2020 at far below their value. Oasis owns 9.7% of the company's shares.[26]
Oasis holds 8.6% of DIC Corporation as of October 2024.[27] DIC maintains an art collection,[28] displayed at Kawamura Memorial DIC Museum of Art.[27] Oasis founder Fischer has commented negatively about the fact that the company maintains the museum and the collection.[27]
In November 2024, it was revealed that Oasis had acquired a near 5% stake in Japanese stationary and furniture company Kokuyo. Oasis paid roughly $85 million for the shares.[29] Also in November 2024, it was reported that Oasis Management had acquired a stake in Japanese automobile manufacturer Nissan, although the size of the purchase was not known.[30]
