Smam Nikkei225 ETF · TSE:1397

Smam Nikkei225 ETF — Sumitomo Mitsui DS Asset Management — Investor Presentation (March 2025)

12 slides from Smam Nikkei225 ETF's investor presentation, March 2025

  1. Slide 1: Proposals requiring explanation

    Proposals requiring explanation Shareholders’ Meetings from January to March 2025

  2. Slide 2: Major Shareholder Proposals for the January-March 2025 Period (1)

    Major Shareholder Proposals for the January- March 2025 Period (1) Ticker Company Name Proposer Summary Key issues Page 2206 Ezaki Glico Dalton • Management with Awareness of • Capital Efficiency Page 3 Capital Costs • Share Buyback • Restricted Stock Compensation 2501 Sapporo Holdings 3D • Election

  3. Slide 3: Major Shareholder Proposals for the January-March 2025 Period (2)

    Major Shareholder Proposals for the January- March 2025 Period (2) Ticker Company Name Proposer Summary Key issues Page 5851 Ryobi Individual • Disposal of Surplus Shareholder • Establishment of a Review Committee 5943 Noritz NAVF • Restricted Stock Compensation • Capital Efficiency Page 5 • Share B

  4. Slide 4: Ezaki Glico (Ticker: 2206)

    Ezaki Glico (Ticker: 2206)  Dalton Investments has submitted three shareholder proposals with the aim of enhancing the corporate value of Ezaki Glico and achieving a fair stock price.  Issues of Ezaki Glico from the perspective of SMDAM: Low ROE (violating ROE standards), insufficient disclosure o

  5. Slide 5: Sapporo Holdings (Ticker: 2501)

    Sapporo Holdings (Ticker: 2501)  3D proposed the election of Mr. Paul Brough as a director (Proposal 4 and 5) because they found it difficult to expect Sapporo to make appropriate decisions regarding (1) maximizing the value of the real estate separation and (2) optimal capital allocation of the se

  6. Slide 6: Shareholder Proposals to Four Companies by Dalton

    Shareholder Proposals to Four Companies by Dalton  Nippon Active Value Fund (NAVF, Dalton) has submitted the following proposals to four companies: (1) Restricted Stock Compensation, (2) Share Buyback equivalent to 10% of the total issued shares, and (3) Amendment to the Articles of Incorporation t

  7. Slide 7: GungHo Online Entertainment (Ticker: 3765)

    GungHo Online Entertainment (Ticker: 3765)  Strategic Capital has pointed out (i) the linkage between executive compensation and performance/stock price, and (ii) issues concerning excessive cash on hand, and has made the following shareholder proposals. Each Shareholder Proposal and Summary Voted

  8. Slide 8: Kao (Ticker: 4452)

    Kao (Ticker: 4452)  Oasis Management (Oasis) has pointed out that Kao has not presented the management strategies and performance indicators necessary to outperform its global competitors. ⇒ Proposes five outside directors with expertise in cosmetics, consumer goods, supply chain, and digital trans

  9. Slide 9: DIC (Ticker: 4631)

    DIC (Ticker: 4631)  Oasis has raised doubts about the appropriateness of transactions with affiliated companies such as Dainichi-can and Nissin Trading, and has proposed an amendment to the articles of incorporation regarding the reporting and monitoring of related party transactions. Other Challen

  10. Slide 10: Kobayashi Pharmaceutical (Ticker: 4967)

    Kobayashi Pharmaceutical (Ticker: 4967)  SMDAM believes that the red yeast rice issue is a serious matter affecting Kobayashi Pharmaceutical's corporate value and sustainability. Therefore, we supported Oasis's proposal at the extraordinary general meeting and opposed the reappointment of directors

  11. Slide 11: Hi-Lex Corporation (Ticker: 7279)

    Hi-Lex Corporation (Ticker: 7279)  Multiple shareholder proposals focusing on shareholder returns were submitted by LIM and Monex Asset Management (Monex). Challenges for Hi-Lex:  Capital Efficiency (Low ROE, Low PBR, Excessive Holdings of Policy-Oriented Stocks)  Continued Implementation of Adva

  12. Slide 12: Disclaimer

    Disclaimer Please read this disclaimer carefully.  This material is for non-Japanese institutional investors only.  The research and analysis included in this report, and those opinions or judgments as outcomes thereof, are intended to introduce or demonstrate capabilities and expertise of Sumitom

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