Business
Oasis to Vote AGAINST the Reappointment of President Takahata and Director Takagi to Drive Transformation at SMS
HONG KONG, May 27, 2026--Oasis Management Company Ltd. ("Oasis"), the investment manager to private funds that own approximately 18.3% of the shares in SMS Co., Ltd. (2175 JP) ("SMS" or the "Company"), today announced the launch of its "A Better SMS" campaign.
About this update from Sms Co., Ltd.
[{"type":"text","content":"*SMS was once highly valued by the market as a high-growth, high-profit company, but that reputation has faded significantly in recent years, with its market capitalization having fallen by roughly -50% from its 2022 peak","length":221,"tagName":"p","attribs":{}},{"type":"text","content":"*SMS announced its "Growth Roadmap" in April, setting ambitious quantitative targets to nearly double both revenue and profit over the next five years","length":160,"tagName":"p","attribs":{}},{"type":"text","content":"*However, the roadmap lacks credibility, relying on excessively optimistic assumptions and an expectation that substantial upfront investments over the next two years will generate extraordinary returns","length":202,"tagName":"p","attribs":{}},{"type":"text","content":"*SMS has consistently failed to meet its earnings guidance in recent years","length":74,"tagName":"p","attribs":{}},{"type":"text","content":"*As President Takahata served as CEO and CFO of MIMS, the business responsible for the impairment loss, shareholders should not tolerate reckless upfront investments based on an unrealistic roadmap","length":197,"tagName":"p","attribs":{}},{"type":"text","content":"* Ms. Takagi, despite serving as an outside director since 2022, has failed to take effective measures to address destruction of shareholder value and has not exercised adequate oversight","length":187,"tagName":"p","attribs":{}},{"type":"text","content":"*Accordingly, Oasis will vote AGAINST the re-election proposals for President Takahata and Director Takagi at the upcoming AGM","length":126,"tagName":"p","attribs":{}},{"type":"text","content":"More information available at ABetterSMS.com","length":44,"tagName":"p","attribs":{}},{"type":"text","content":"HONG KONG, May 27, 2026--(BUSINESS WIRE)--Oasis Management Company Ltd. ("Oasis"), the investment manager to private funds that own approximately 18.3% of the shares in SMS Co., Ltd. (2175 JP) ("SMS" or the "Company"), today announced the launch of its "A Better SMS" campaign.","length":317,"tagName":"p"},{"type":"text","content":"Oasis is calling on fellow shareholders to:","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Vote AGAINST the reappointment of President Masaki Takahata as a director; and","length":78,"tagName":"p",...