Activist investor Daniel Loeb is proving determination can pay off, even in Japan.

After failing to win major changes from Sony Corp., he picked an even more unlikely target in Fanuc Corp. It was a surprise then on Monday when the secretive industrial-robot maker agreed to return more cash to shareholders, just as Loeb had requested. It is an example of how global investors are starting to get more of Japan Inc.’s $1.9 trillion cash hoard.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.