Taiyo Pacific Partners is ZENKOKU HOSHO's major shareholder with over 5 per cent stake

KUALA LUMPUR, Feb 15 -- Taiyo Pacific Partners has accumulated in excess of five per cent in ZENKOKU HOSHO Co Ltd.

According to a statement, Taiyo Pacific Partners is known for its cooperative investment style working with senior management to enhance shareholder value.

Taiyo Pacific Partners Chief Executive Officer and Managing Partner, Brian K. Heywood, said: “We love companies that own their niche.

“ZENKOKU HOSHO is the largest independent mortgage guarantor in Japan and President (Eiji) Ishikawa has been able to consistently grow market share. I believe his focus on creating value will lead to a satisfied customer base and satisfied shareholders.”

Ishikawa commented, “Through our business of mortgage guarantees, we ‘help customers realise their dreams and happiness’, and have contributed to the development of local communities across the country.

“We will celebrate our 40th anniversary this February. As we reach this milestone, I really appreciate Taiyo Pacific Partners’ investment in our company.”

Taiyo Pacific Partners, located in Kirkland, Washington, was founded in 2003 by Asia-focused professionals dedicated to friendly shareholder activism in Japan and other Asian countries.

The firm currently manages over US$3.5 billion in Japan-focused funds. (US$1 = RM4.040)

-- BERNAMA