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Nissan Shares Surge as Activist Investor Oasis Takes Stake

Nissan shares experienced a significant surge following reports that activist investor Oasis Management has acquired a stake in the company, highlighting increased shareholder activism in Japan.

Nissan Motor Co. shares saw a notable increase in value, rising as much as 6% in early Tokyo trading, following reports that activist investor Oasis Management Co. has acquired a stake in the automaker. This development was first reported by Japan's Diamond Online magazine, which cited an unnamed source. The exact size and timing of the stake acquisition remain unclear, as Oasis has not commented on the report. This move comes amid a broader trend of growing shareholder activism in Japan, where investors are increasingly pushing for improved corporate governance and capital allocation.

Earlier in the week, Nissan shares had already experienced a boost after it was revealed that Effissimo Capital Management, a Singapore-based hedge fund known for investing in distressed companies, had taken a 2.5% stake in the automaker. The involvement of these activist investors comes at a challenging time for Nissan, which recently issued a profit warning and announced plans to cut 9,000 jobs and reduce its global manufacturing capacity by a fifth due to declining sales in key markets like China and the United States.

Despite the recent surge, Nissan's stock remains down 35% from its peak earlier this year. The company's shares were last reported at 426.7 yen, outperforming the Nikkei index's 1.2% gain. Oasis Management, known for its previous investments in Japanese companies such as Kao Corp. and Tsuruha Holdings Inc., is expected to push for strategic changes at Nissan to enhance shareholder value.

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