Business
Oasis Calls on HORIBA Shareholders to Vote Against Chairman Atsushi Horiba at the 2026 Annual General Meeting
HONG KONG, March 08, 2026--Oasis Management Company Ltd. ("Oasis"), the manager to private funds holding 9.90% of the shares of HORIBA, Ltd. ("HORIBA" or the "Company"), hereby announces its intention to vote AGAINST Agenda Item 1, Candidate No. 1 at HORIBA’s upcoming 2026 Annual General Meeting on March 21, 2026, and strongly urges all HORIBA shareholders to do the same.
About this update from Horiba, Ltd.
[{"type":"text","content":"*Oasis urges shareholders to vote AGAINST the reappointment of Atsushi Horiba as Chairman and Group CEO at HORIBA’s 2026 AGM","length":124,"tagName":"p","attribs":{}},{"type":"text","content":"*The Board has failed to hold Chairman Horiba accountable for failed acquisitions, failure to exit low-return businesses, and fostering a culture of nepotism and cronyism","length":170,"tagName":"p","attribs":{}},{"type":"text","content":"*HORIBA’s world-class Semiconductor franchise generates ~90% of operating profit and holds ~60% global market share, yet the Company trades at a steep discount to global peers","length":175,"tagName":"p","attribs":{}},{"type":"text","content":"*HORIBA shares could see over 105% upside if management prioritized the Semiconductor franchise and restructured loss-making businesses","length":135,"tagName":"p","attribs":{}},{"type":"text","content":"*Despite the series of failures, Chairman Horiba has served as the Director of HORIBA for 43+ years and remains Board Chair","length":123,"tagName":"p","attribs":{}},{"type":"text","content":"*It is time for accountability. Vote AGAINST Chairman Horiba’s reappointment","length":76,"tagName":"p","attribs":{}},{"type":"text","content":"More information available at www.protecthoriba.com","length":51,"tagName":"p","attribs":{}},{"type":"text","content":"HONG KONG, March 08, 2026--(BUSINESS WIRE)--Oasis Management Company Ltd. ("Oasis"), the manager to private funds holding 9.90% of the shares of HORIBA, Ltd. ("HORIBA" or the "Company"), hereby announces its intention to vote AGAINST Agenda Item 1, Candidate No. 1 at HORIBA’s upcoming 2026 Annual General Meeting on March 21, 2026, and strongly urges all HORIBA shareholders to do the same.","length":421,"tagName":"p"},{"type":"text","content":"In Oasis’s view, HORIBA is, in economic substance, a world-class semiconductor equipment company, yet it continues to be valued as a diversified conglomerate. This valuation gap is the result of long-standing strategic, operational, and governance failures under Chairman Atsushi Horiba’s 43-year tenure as a director. Despite this track record, Chairman Horiba continues to chair the Board responsible for holding management accountable.","length":438,"tagName":"p"},{"type":"text","content":"HORIBA Is a Semiconductor Business, and a World-Class One","leng...