Latest news with #DIC
Yahoo
38 minutes ago
- Business
- Yahoo
Japan chemicals firm's CEO fights to keep job as investors revolt
Japan's governance reforms have emboldened shareholders, who are now increasingly vocal about their demands. In a sign of rising shareholders' activism, a president of a semiconductor material maker is at risk of getting voted out of office at the firm's annual general meeting Saturday. Eiji Sato is facing an uphill battle to be re-appointed as president and CEO of Taiyo Holdings, a position he has held since 2011, after some shareholders criticised his response to various acquisition proposals as being too slow. The US$2.5 billion ($3.2 billion) company's biggest shareholder, DIC, an ink maker that has long been a 'stable shareholder' with its 20.04% stake, has come out against Sato. DIC criticised Taiyo as being slow in setting up a committee to study an acquisition proposal and in pushing ahead for talks with the prospective buyer. Joining DIC in calls for Sato's ouster were the company's second and the third biggest shareholders — activist fund Oasis Management Co. and a holding company owned by Taiyo's founding family. The company's three biggest shareholders own about 37% of the shares outstanding. Japan's governance reforms have emboldened shareholders, who are now increasingly vocal about their demands. Although there has been a decline in support for board executives at company AGMs in recent years, it is still rare for a company's proposals to be outright rejected at an AGM. Other Taiyo shareholders such as California State Teachers' Retirement System also announced opposition to Sato after proxy adviser Glass Lewis recommended voting against him. Still, Sato has his supporters. Rival proxy adviser ISS says Taiyo's strong earnings growth over the last five years is a reflection of its solid market position in resist ink used for printed circuit boards and semiconductors. See Also: Click here to stay updated with the Latest Business & Investment News in Singapore Briefs: Record delisting rush as Japan firms flee TSE; London woos Chinese listings as City fights IPO drought Japan firms exit Tokyo Stock Exchange at record pace in delisting rush JX metals rises in debut after biggest Japan IPO since SoftBank Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
Yahoo
4 days ago
- Business
- Yahoo
Is It Too Late To Consider Buying Branicks Group AG (ETR:DIC)?
Branicks Group AG (ETR:DIC), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the XTRA. While good news for shareholders, the company has traded much higher in the past year. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. But what if there is still an opportunity to buy? Today we will analyse the most recent data on Branicks Group's outlook and valuation to see if the opportunity still exists. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Great news for investors – Branicks Group is still trading at a fairly cheap price. Our valuation model shows that the intrinsic value for the stock is €2.66, but it is currently trading at €1.87 on the share market, meaning that there is still an opportunity to buy now. However, given that Branicks Group's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for Branicks Group Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. In the upcoming year, Branicks Group's earnings are expected to increase by 93%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? Since DIC is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation. Are you a potential investor? If you've been keeping an eye on DIC for a while, now might be the time to enter the stock. Its prosperous future outlook isn't fully reflected in the current share price yet, which means it's not too late to buy DIC. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed buy. So while earnings quality is important, it's equally important to consider the risks facing Branicks Group at this point in time. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of Branicks Group. If you are no longer interested in Branicks Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Japan Times
6 days ago
- Business
- Japan Times
Taiyo to decide on delisting as early as August, president says
Taiyo Holdings will decide on proposals from several private equity funds — and whether to delist — after a shareholder meeting this month in which its president, Eiji Sato, is likely to face a vote on his ouster. The Japanese chemical manufacturer will decide on the proposals in August at the earliest, Sato said in an interview. The company is reviewing formal proposals for capital alliances, including privatization, from fewer than five private equity funds, and a special committee is examining whether the acquisition terms are fair, he said. Taiyo is set to hold its annual shareholders' meeting on Saturday, and the conference may become heated. DIC, the company's largest stockholder and capital alliance partner, has said it intends to vote against the reappointment of Sato as a board director. It cited insufficient responses from Sato and the board of directors to various proposals, including delisting, as the reason behind its decision. "We were not informed of DIC's announcement and were surprised,' Sato said. He said that the formal privatization proposals were received in February and were presented in a timely manner. It was reported in May that Taiyo received acquisition proposals from U.S. investment fund KKR and the Japan Industrial Promotion Organization. At least one of the plans was to delist the company through a tender offer at a premium. Taiyo's market value has climbed about ¥50 billion ($347 million) to around ¥350 billion in about two weeks since the plans were reported. The proposals come as Japanese companies face pressure from the Tokyo Stock Exchange to boost their value to stay listed. DIC, which holds about 19% of Taiyo's shares, isn't alone in seeking Sato's departure at the shareholders' meeting. Oasis Management, a Hong Kong-based hedge fund with about an 11% stake, is also opposed to his reappointment, citing governance issues. Taiyo's founding family, which is estimated to hold about 10% of the shares, has also solidified its intention to vote against Sato staying on as a director, according to a report by Tokyo Shoko Research. In effect, this is an unusual situation in which the top three shareholders have all expressed opposition to the president staying on. Sato said that while he expects more acquisition proposals in the future, Taiyo will suspend consideration of any new proposals until after the shareholders' meeting due to the current situation.
The Star
03-06-2025
- General
- The Star
800 folk join car-free day in Seri Kembangan
Visitors choosing clothes at a booth during the car-free day. MORE than 800 people gathered for a car-free day in Seri Kembangan, Selangor. Organised by Subang Jaya City Council (MBSJ), the event outside South City Plaza featured a 4.3km fun run and 15km fun ride, drawing joggers, cyclists and others from around the city. Nur Farah Yusoff was among those taking part in the fun run. She said it was her first time attending the car-free day. 'My friends asked me to join the fun run. I did not expect the route to be that challenging, which made it more exciting. 'I hope that more will take part in such events as it is beneficial to our mental and physical health,' Nur Farah added. (First row, from third left) Amirul Azizan, Nga, Yeo (second from right) with Wong on her left, and winners of the Design Idea Competition for Pasar Awam SK10. The event also featured e-waste recycling and a booth offering used goods for free. There were also demonstrations of cardiopulmonary resuscitation (CPR), public awareness exhibitions on dengue and crime prevention as well as pet adoption. Also present were Housing and Local Government Minister Nga Kor Ming, Subang Jaya mayor Datuk Amirul Azizan Abd Rahim, Puchong MP Yeo Bee Yin and Seri Kembangan assemblyman Wong Siew Ki. Nga gave away prizes in the Design Idea Competition (DIC) for the redevelopment of Pasar Awam SK10. First prize of RM50,000 was awarded to Moa Architects Sdn Bhd, Ky Loh Architect came in second and won RM30,000 while Spatial Factor Architects received RM15,000 for third placing. Seven other firms were given consolation prizes of RM5,000 each. Nga said the initiative provided an opportunity for local talent to contribute directly to the nation's development. Participants taking part in the fun ride at MBSJ Car-Free Day at South City Plaza, Seri Kembangan. Several roads near the mall were closed early to allow a safe, vehicle-free space for the public. Car-free day is part of MBSJ's initiative to promote sustainable living and healthier urban lifestyles, in line with the United Nations Sustainable Development Goals. It was first introduced in 2022.
Time of India
02-06-2025
- Politics
- Time of India
Scripture burning case: CID commences investigation
Belagavi: In connection with the burning of scripture and theft from an under-construction mosque in Santibastwad village three weeks ago, CID officials started an investigation. Tired of too many ads? go ad free now A couple of days ago, the state govt handed over the case to the CID. Meanwhile, Muslim community members staged a protest at the premises of the DC office, demanding the immediate arrest of the accused. A team of CID officers, who are tracking the case of burning the holy book from a mosque under construction in Santibastwad village, started an investigation on Monday to find the accused. An investigation commenced in Santibastwad village under the leadership of DIC DySP Suleman Tahsildar. As the case was transferred, a team of CID officers who went to the field collected information from the Belagavi rural police station for the investigation report. A team of CID officers visited the mosque where the scripture was stolen and the scene of burning in Santibastwad village on Monday. Belagavi police are supporting the team. It is learnt that the investigation will continue on Tuesday as well. Protest: Various Muslim organisations protested at DC's office premises, demanding the immediate arrest of the culprits responsible for burning the scripture. The police department should not give in to political pressure. Action should be taken according to law. No attempt should be made to protect any person, the protesters said. Youths raised slogans.
