Hong Kong-based shareholder Oasis Management, which holds stakes in Toyota Motor and Toyota Industries, is advocating for Toyota Motor to increase its tender offer price in the bid to take Toyota Industries private. Seth Fisher, chief investment officer of Oasis, confirmed the firm's intention to engage in dialogue to push for a higher offer. This development occurs amid a record number of 50 Japanese companies facing activist shareholder proposals, including major firms such as Nissan and Toyota Industries. These proposals largely focus on improving capital efficiency and addressing issues like the elimination of parent-subsidiary dual listings. Additionally, there is increased scrutiny on corporate governance, with nominations for board directors being challenged, as seen in companies like Fuji HD and Takeda Pharmaceutical, where CEO Christophe Weber faces opposition to his board reelection. In related corporate governance news, Toyota Group Chairman emphasized that the group does not belong to the founding family, reflecting a shift in leadership norms. Furthermore, Tsutsui has become the first chairperson of the group with a finance background, breaking the tradition of chairs coming from manufacturing sectors.