Sumitomo Mitsui DS Asset Management Submits Shareholder Proposal to NIPPON PARKING DEVELOPMENT
February 07, 2022 at 12:00 am
Share
On February 7, 2022, Sumitomo Mitsui DS Asset Management Company, Limited announced that it has submitted a notification with the purpose of make important proposals, etc. according to circumstances to conduct engagement based on a strong relationship of trust with investee Companies in accordance with the spirit of the Japanese Stewardship Code, in order to improve the Corporate value of investee Companies.
NIPPON PARKING DEVELOPMENT Co., Ltd. is a Japan-based company mainly engaged in the parking lot business, the ski resort business and the theme park business. The Company operates through three business segments. The Parking Lots segment is engaged in the operation, management, consulting and leasing of parking lots, as well as the provision of car sharing, camper rental, parking lot information search services. The Ski Resorts segment is engaged in the acquisition, operation and consulting of ski resorts and amusement parks, as well as the provision of employment services. The Theme Parks segment is engaged in the acquisition, operation, consulting, sale and rental of theme parks, villas and lodging facilities, as well as the provision of employment services. The Company is also engaged in the education business, the healthcare business and the real estate business.