医療従事者の為の最新医療ニュースや様々な情報・ツールを提供する医療総合サイト

Taiyo Pacific Partners Becomes Major Shareholder in JIN Co., Ltd. with Stake over 5%

2015年11月06日 PM04:30
このエントリーをはてなブックマークに追加


 

TOKYO

Taiyo Pacific Partners announced today that it has accumulated in excess of 5% in JIN Co., Ltd. (3046) to become JIN’s third largest shareholder. Taiyo Pacific Partners is known for its cooperative investment style working with senior management to enhance shareholder value.

Brian K. Heywood, Chief Executive Officer and Managing Partner of Taiyo Pacific Partners, said, “I love President Tanaka’s bold move to shake up the eyewear industry. His disruptive model is proving successful and I believe it will create a dynamic change in the way consumers buy glasses, not only in Japan…but watch the impact of this company in China, the US and beyond. We fully expect the JIN team to come up with new and exciting ways to shape the industry. We will be watching for further innovation in retail, functionality and of course fashion. The viability of the JIN concept was driven home to me when I noticed that a significant number of our staff have switched over to JINS glasses without any prompting. iPhones have that kind of moving power but seldom do you see it in a pair of eye glasses.”

Michael A. King, Chief Investment Officer and Managing Partner of Taiyo Pacific Partners, said, “JIN has achieved an extremely high growth rate while generating stable cash flow by bringing its innovative, low-priced model and functional eyewear products into the mature Japan eyewear retail market. I recently bought a pair of JINS glasses during my visit to Tokyo and the consultative purchase process was fast and convenient. I left the store with a new vision for how much growth potential there is not only within Japan, but from global expansion as well.”

President Hitoshi Tanaka commented, “Taiyo Pacific Partners takes a long-term view and we are pleased they have come to understand our business strategy and future potentials. We will work to meet shareholders’ high expectations through growing as a global eyewear brand and raising our corporate value.”

Taiyo Pacific Partners, located in Kirkland, Washington, was founded in 2003 by Asia-focused professionals dedicated to friendly shareholder activism in Japan and other Asian countries. The firm currently manages approx. $2.2 billion in Japan focused funds. All strategies employ a friendly activist approach. Investors include US, Japanese and European pension plans, endowments and other institutional investors.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151105007079/en/

CONTACT

Taiyo Pacific Partners
Brian K. Heywood, 425-896-5300
taiyo_media@tppllc.com

Related Posts Plugin for WordPress, Blogger...
 

同じカテゴリーの記事 

  • 三井化学开发全球首款灵活的高强度柔性无纺布AIRYFA™
  • APR应用制药研究公司参加第9届ChinaBio®合作论坛:依托瑞士创新产品和科学技术深耕中国市场
  • Dompé用于治疗中度或重度神经营养性角膜炎成人患者的Oxervate®(Cenegermin滴眼液)获得欧盟CHMP肯定意见
  • SCIEX Sponsored Award Recognizes Notable Contributions to Electrodriven Separations
  • LMDのV-Sensorがインドでバイタルサインを測定