Among numerous influential figures in the investing industry at the 2025 Sohn New York Conference, Seth Fischer stood out as a standout performer. He is the founder and CEO of Oasis Management, an activist asset management firm based in Hong Kong.
Fischer began his presentation by highlighting why he likes the Japanese market so much. It has been a decade since he announced an investment in a company at another conference, predicting it would become a major player - a prediction that ultimately proved incorrect, but things in Japan have changed since then and so has this company.
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Over the past year, the Japanese market has undergone significant changes. The number of M&A deals has surged, including cross-border hostile deals. Additionally, several long-term parent-child subsidiary relationships are being consolidated He notes that the "second largest MBO in history that was announced two weeks ago by the Toyota Chairman.
Poor management and governance have finally come under scrutiny. Several companies in which Oasis has invested have experienced changes in their board members due to poor performance. He notes that problems Oasis highlighted at Kobayashi Pharma and Fujitec led to real action at these corporations.
These factors have contributed to Oasis’s new approach to the Japanese market, including a potentially optimistic investment i
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