Nippon Active Value Fund (LON: NAVF) has been one of the best performers in its field, succesfully adopting an activist approach to investing in Japanese. This month’s update exemplifies this approach, with their activist approach to Fuji Media Holdings, a prominent broadcaster with diverse interests. NAVF acquired a >5% interest in the stock, deeming that the sum of the company’s parts was far greater than its stock market valuation.

In the Q1 2025 update below, Gifford Coombs and Paul ffolkes Davis update investors on progress made in Q1 with a particular focus on events at Fuji Media Holdings