Possession Value Investors (AVI) advises the termination of 2 directors at Wacom

LONDON, May 14, 2026 – (ACN Newswire) – Property Value Investors Limited (“AVI”) has actually sent investor propositions on among AVI Japan Opportunity Trust’s (“AJOT”) portfolio business, Wacom Corporation (TSE: 6727, “Wacom”) requiring board modifications ahead of Wacom’s upcoming Annual General Meeting in June. AVI, Wacom’s biggest investor on behalf of all the portfolios it handles, is looking for the termination of 2 directors and the visit of one external director.

Along with these propositions, AVI has actually divulged extra product on its Wacom project, consisting of an in-depth discussion on an upgraded devoted site (www.DrawWacomsFuture.com).

Because starting its financial investment in Wacom in August 2021, AVI has actually looked for different kinds of engagement targeted at boosting the business’s long-lasting business worth as Wacom’s biggest investor. The Branded Business, one of Wacom’s primary organization sections, fell into loss from FY2023/3 onwards, and company development has actually stalled amidst the execution of massive restructuring procedures. AVI has major issues concerning Wacom’s governance structure in light of the just recently revealed unsuitable acquisition of a business represented by one of Wacom’s own outdoors directors, in spite of the lack of concrete service synergies with Wacom, as well as the incorrect usage of business resources, consisting of the arrangement of preferential treatment to the kids of the business representative director, Mr Ide.

Because of these scenarios, AVI, as the business’s biggest investor and a long-lasting financier on behalf of all the portfolios it handles, openly released a project in 2015 to support sustainable enhancements in business worth. This year, AVI has actually chosen to release extra products and send investor propositions at the approaching yearly basic conference, as follows:

– Appointment of one outdoors director
– Dismissal of 2 directors (the Representative Director and one outdoors director)

Kaz Sakai, Head of Japan Research at AVI, commented as follows:

“Wacom has actually shown severe shortages in governance oversight. These consist of the acquisition by Wacom of a loss-making business represented by Mr Nakajima, among its own external directors, for more than 10 million dollars, the subsequent transfer of Mr Nakajima into an internal director function, and conduct by Mr Ide, Wacom’s Representative Director and CEO, that can just fairly be considered as a conflation of individual and business interests, together with a board that has actually endured such behaviour.”

“Wacom should bring back the appropriate performance of its governance structure without hold-up. In addition to proposing the termination of Mr Ide and Mr Nakajima, whom AVI has actually concluded are main to these governance failures, AVI has actually likewise chosen a prospect for outdoors director efficient in enhancing governance and management. We are positive that, through the board structure advised by AVI and the execution of functional enhancement procedures, Wacom can even more enhance its position as the worldwide market leader in the graphic tablet company.”

About Asset Value Investors (AVI):

AVI is a financial investment management business developed in London, United Kingdom, in 1985. AVI has actually bought Japanese equities for more than 40 years. AVI handles AVI Global Trust (AGT) and AVI Japan Opportunity Trust (AJOT) and other funds, jointly investing Y180bn into the Japanese market. AGT and AJOT are public business whose shares are noted and traded on the primary market of the London Stock Exchange.

AVI is a signatory to Japan’s Stewardship Code and is dedicated to positive engagement with management groups and boards of its portfolio business, with the objective of adding to sustainable development and improved business worth.

AVI’s holding in Wacom on behalf of all its funds is 13.8% making AVI the biggest investor (since 30 April 2026). Wacom is a 5.5% holding in AJOT.

Media Contacts:
KL Communications, AVI@kl-communications.com
+44 (0 )20 3882 6644
Ashton Consulting, avijapanpr@ashton.jp

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Subject: Management Change