Reuters
An investor group is urging Toyo Suisan Kaisha to consider exiting its legacy business plus raise its dividend and buy back shares, arguing these steps could roughly double the Japanese ramen noodle maker's share price, a report seen by Reuters says. The group, led by private equity firm Nihon Global Partners Management, owns a 3.8% stake in the company, which owns Maruchan Inc, a hugely popular instant noodle maker. Together the investors submitted four shareholder proposals which, if passed at this year's annual meeting, may lift the share price to roughly JPY 17,300, the report says.