VOTE FOR ACCOUNTABILITY AT KUMAGAI GUMI CORPATION

 Since Chairman Yasunori Sakurano’s appointment as President in 2018, Kumagai Gumi’s performance has deteriorated. During his tenure Kumagai Gumi’s stakeholders have been hit by multiple failures including:

 

·        JPY 38bn Cross-shareholding (including Sumitomo Forestry's stake) exceeds 20% of its 180bn net assets

·       Failing to hit targets set out in its Medium-term Management Plan (FY2022/03-2024/03).

·         Failing to hit guidance targets for FY2024/03.

·         Significant decline in Return on Equity to under 5%.

·         Value destructive investments with returns significantly below the Company’s cost of capital.

·         Poor shareholder returns relative to competitors.

·         Failure to treat all shareholders equally.

After years of failure and mismanagement, it is time for shareholders to hold Kumagai Gumi’s directors ACCOUNTABLE NOW

 

Please [click here] to view the Oasis investor presentation on Kumagai Gumi.