RMB Capital Proposes Share Buyback at Musashi’s Annual General Shareholders Meeting

CHICAGO--()--RMB Capital (“RMB”), a Chicago-based independent investment advisory firm, is a long-term shareholder of Musashi Co., Ltd. (7521 JP, “Musashi”) and owns approximately 5% of the firm’s total outstanding shares.

RMB filed a shareholder proposal (Proposal #4) for Musashi’s 99th annual general shareholders meeting, scheduled on June 26, 2020, to buyback common stock of 61,000 shares, maximum 100 million yen. Even with the uncertainty caused by the COVID-19 pandemic, Musashi holds 20.1 billion yen in cash on its balance sheet. RMB believes the management should start a buyback program and send a strong message to the stock market that Musashi remains a healthy business, despite its stock price staying at a historically low level.

About RMB Capital

Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Its asset management business specializes in long-term, concentrated, active investing strategies with coverage that spans the market-cap spectrum and the globe. To learn more about RMB, visit https://rmbcapital.com.

Contacts

Media Contact:
Masakazu Hosomizu
RMB Capital
japan@rmbcap.com

Release Summary

RMB Capital has filed a share buyback proposal for Musashi’s annual general shareholders meeting.

Contacts

Media Contact:
Masakazu Hosomizu
RMB Capital
japan@rmbcap.com