{
  "docId": "019dd923-622b-71dc-a6dd-5fbf9530fdff",
  "docSlug": "6f751c98c9d1",
  "documentTitle": "Kao Corporation (4452.JP)",
  "authorId": "25_Oasis_Management",
  "authorName": "Oasis",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-04-25 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 3,
  "pageCount": 96,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "key_messages",
  "function": "establish_context",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a 'precedent' strategy to establish credibility and frame the current Kao Corp engagement as a continuation of a successful track record.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "paragraph",
    "callout_box",
    "photo",
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dd-5fbf9530fdff/3",
  "deckHref": "/decks/019dd923-622b-71dc-a6dd-5fbf9530fdff",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dd-5fbf9530fdff.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dd-5fbf9530fdff#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.5,
        "y": 0.2
      },
      "kind": "callout",
      "text": "Oasis' Engagement with Kao Corp: Oasis has been privately meeting with Kao since June 2021, escalating our engagement from September 2023. Throughout all stages, representatives of Kao Corp and executive management have been obstinate in response.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9d3a830a-0e59-41a9-83c7-88ecb059ff0a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Throughout all stages, representatives of Kao Corp and executive management have been obstinate in response.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0f1a-773e-97e2-78e0b3a08bab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.4,
        "x": 0.06,
        "y": 0.55
      },
      "kind": "image",
      "text": "Fujitec campaign visual",
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8b8e6810-d035-4205-b4ce-8f5e7053ea65",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.5,
        "y": 0.55
      },
      "kind": "image",
      "text": "Tokyo Dome campaign visual",
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dcd8edaf-8da3-489e-a960-e3e7658617eb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.06,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "Founded in 2002, Oasis invests globally across capital structures with a focus on Asia. Our objective is to produce consistent, superior risk-adjusted returns across all market cycles for our investors. Our 22-year track record includes several high-profile public engagements in Japan where Oasis has promoted stronger accountability through a focus on shareholder value. Two such campaigns include Fujitec (beginning in 2022), and Tokyo Dome (beginning in 2019).",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d5f96edc-1a81-4d59-ac57-4e9cf87f4cd3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Fujitec has been a star example of the benefits of upturning the existing management. — The Economist; ... Tokyo Dome had been horribly slow to modernise... many of the changes [Oasis] had suggested are now set to be implemented. — AFR",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0f1a-773e-97e2-7d2751907e43",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.06,
        "y": 0.12
      },
      "kind": "title",
      "text": "22-year track record of supporting portfolio company transformation",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7a4bcfd7-976d-41ef-b8a5-08a89d8d2177",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.4,
        "x": 0.06,
        "y": 0.03
      },
      "kind": "title",
      "text": "Oasis Management",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5759a293-6f86-441f-95e4-415c3a62e214",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "98b372eb-fd4d-4b2a-8c24-9d33d68bf426",
      "evidence": "Oasis' Engagement with Kao Corp: Oasis has been privately meeting with Kao since June 2021, escalating our engagement from September 2023.",
      "confidence": 0.7
    },
    {
      "name": "Call to action",
      "slug": "call-to-action",
      "agent": null,
      "layer": "slide",
      "matchId": "71abfa7e-4573-4a12-9a46-dce42291ecc3",
      "evidence": "Throughout all stages, representatives of Kao Corp and executive management have been obstinate in response.",
      "confidence": 0.5
    }
  ],
  "frameworks": [
    {
      "name": "authority-citation",
      "slug": null,
      "matchId": "78d2dbd1-bada-4983-81cc-072d1689da11",
      "evidence": "Citing past successful campaigns (Fujitec, Tokyo Dome) to build credibility for current engagement.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}