Oasis Management Becomes Largest Shareholder of Nidec Corp

Oasis Management Co. has increased its investment in Nidec Corp., surpassing founder Shigenobu Nagamori to become the largest shareholder of the Japanese motor manufacturer. Seth Fischer, the founder of the activist fund, announced the move during an interview in Tokyo, stating that the increased stake is intended to pressure the company to consider a sale.

This new position exceeds the holding of Shigenobu Nagamori, who owns approximately 8.3% of the company's shares. Nagamori resigned as chairman emeritus earlier this year after accounting issues were discovered within the firm.