<SEC-DOCUMENT>0001140361-25-032299.txt : 20250822
<SEC-HEADER>0001140361-25-032299.hdr.sgml : 20250822
<ACCEPTANCE-DATETIME>20250822085146
ACCESSION NUMBER:		0001140361-25-032299
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250822
DATE AS OF CHANGE:		20250822
EFFECTIVENESS DATE:		20250822

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAPAN SMALLER CAPITALIZATION FUND INC
		CENTRAL INDEX KEY:			0000859796
		ORGANIZATION NAME:           	
		EIN:				133553469
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05992
		FILM NUMBER:		251242340

	BUSINESS ADDRESS:	
		STREET 1:		WORLDWIDE PLAZA
		STREET 2:		309 WEST 49TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		8008330018

	MAIL ADDRESS:	
		STREET 1:		WORLDWIDE PLAZA
		STREET 2:		309 WEST 49TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JAPAN OTC EQUITY FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      <periodOfReport>06/30/2025</periodOfReport>
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      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2025</reportCalendarYear>
      <reportingPerson>
        <name>JAPAN SMALLER CAPITALIZATION FUND INC</name>
        <phoneNumber>(800) 833-0018</phoneNumber>
        <address>
          <com:street1>WORLDWIDE PLAZA</com:street1>
          <com:street2>309 WEST 49TH STREET</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10019</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService>
        <name>Yusuke Andoh</name>
        <address>
          <com:street1>WORLDWIDE PLAZA</com:street1>
          <com:street2>309 WEST 49TH STREET</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10019</com:zipCode>
        </address>
      </agentForService>
      <reportInfo>
        <reportType>FUND VOTING REPORT</reportType>
      </reportInfo>
      <fileNumber>811-05992</fileNumber>
      <leiNumber>5493000KJSHWEB3YKZ37</leiNumber>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
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    <signaturePage>
      <reportingPerson>JAPAN SMALLER CAPITALIZATION FUND INC</reportingPerson>
      <txSignature>Yusuke Andoh</txSignature>
      <txPrintedSignature>Yusuke Andoh</txPrintedSignature>
      <txTitle>Principal Executive Officer</txTitle>
      <txAsOfDate>08/22/2025</txAsOfDate>
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<DOCUMENT>
<TYPE>PROXY VOTING RECORD
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<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 18</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Yoshioka, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Tamai, Tsuguhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Kawamura, Katsuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Hokari, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Ichige, Yumiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Goto, Genri</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Tsukahara, Kazuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Aoyama, Naomi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Akimoto, Rina</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Elect Director Koshimizu, Hironori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Asaeda, Yoshitaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASKUL Corp.</inf:issuerName><inf:cusip>J03325107</inf:cusip><inf:isin>JP3119920001</inf:isin><inf:meetingDate>08/08/2024</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Create SD Holdings Co., Ltd.</inf:issuerName><inf:cusip>J09178104</inf:cusip><inf:isin>JP3269940007</inf:isin><inf:meetingDate>08/23/2024</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 37</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>287000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>287000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Create SD Holdings Co., Ltd.</inf:issuerName><inf:cusip>J09178104</inf:cusip><inf:isin>JP3269940007</inf:isin><inf:meetingDate>08/23/2024</inf:meetingDate><inf:voteDescription>Elect Director Yamamoto, Hisao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>287000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>287000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Create SD Holdings Co., Ltd.</inf:issuerName><inf:cusip>J09178104</inf:cusip><inf:isin>JP3269940007</inf:isin><inf:meetingDate>08/23/2024</inf:meetingDate><inf:voteDescription>Elect Director Hirose, Taizo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>287000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>287000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Create SD Holdings Co., Ltd.</inf:issuerName><inf:cusip>J09178104</inf:cusip><inf:isin>JP3269940007</inf:isin><inf:meetingDate>08/23/2024</inf:meetingDate><inf:voteDescription>Elect Director Takiya, Yukihiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>287000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>287000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Create SD Holdings Co., Ltd.</inf:issuerName><inf:cusip>J09178104</inf:cusip><inf:isin>JP3269940007</inf:isin><inf:meetingDate>08/23/2024</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Harada, Takafumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>287000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>287000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Arimoto, Ryuichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Shinya, Hiroaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Tsuyusaki, Takayasu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Hirusaki, Yasushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Ichikawa, Hiizu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Kusaka, Kazumasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Koizumi, Yoshiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Integrated Design &amp; Engineering Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2401B106</inf:cusip><inf:isin>JP3104770007</inf:isin><inf:meetingDate>09/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Ishida, Yoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>43600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>43600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>JM Holdings Co., Ltd.</inf:issuerName><inf:cusip>J2789W102</inf:cusip><inf:isin>JP3389690003</inf:isin><inf:meetingDate>10/28/2024</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 22</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>241400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>241400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 40</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Tatsui, Kyoji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Endo, Yosuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Arai, Noriaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Daikoku, Akiyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Morimoto, Yuriko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Matsura, Takao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Kijima, Fumiyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Nakano, Towada</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Step Co., Ltd.</inf:issuerName><inf:cusip>J7674N109</inf:cusip><inf:isin>JP3399700008</inf:isin><inf:meetingDate>12/14/2024</inf:meetingDate><inf:voteDescription>Elect Director Aizawa, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishio Holdings Co., Ltd.</inf:issuerName><inf:cusip>J56902109</inf:cusip><inf:isin>JP3657500009</inf:isin><inf:meetingDate>12/19/2024</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 126</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishio Holdings Co., Ltd.</inf:issuerName><inf:cusip>J56902109</inf:cusip><inf:isin>JP3657500009</inf:isin><inf:meetingDate>12/19/2024</inf:meetingDate><inf:voteDescription>Elect Director Nishio, Masashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishio Holdings Co., Ltd.</inf:issuerName><inf:cusip>J56902109</inf:cusip><inf:isin>JP3657500009</inf:isin><inf:meetingDate>12/19/2024</inf:meetingDate><inf:voteDescription>Elect Director Tonomura, Yoshihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishio Holdings Co., Ltd.</inf:issuerName><inf:cusip>J56902109</inf:cusip><inf:isin>JP3657500009</inf:isin><inf:meetingDate>12/19/2024</inf:meetingDate><inf:voteDescription>Elect Director Yotsumoto, Kazuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishio Holdings Co., Ltd.</inf:issuerName><inf:cusip>J56902109</inf:cusip><inf:isin>JP3657500009</inf:isin><inf:meetingDate>12/19/2024</inf:meetingDate><inf:voteDescription>Elect Director Seo, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishio Holdings Co., Ltd.</inf:issuerName><inf:cusip>J56902109</inf:cusip><inf:isin>JP3657500009</inf:isin><inf:meetingDate>12/19/2024</inf:meetingDate><inf:voteDescription>Elect Director Nakakoji, Kumiyo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishio Holdings Co., Ltd.</inf:issuerName><inf:cusip>J56902109</inf:cusip><inf:isin>JP3657500009</inf:isin><inf:meetingDate>12/19/2024</inf:meetingDate><inf:voteDescription>Elect Director Mitsuhashi, Sayuri</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>215800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>215800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Amend Articles to Make Technical Changes</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Mimuro, Katsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Suzumura, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Kaneko, Wakaba</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Noguchi, Shogo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Takeuchi, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Nakai, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Nishimura, Koji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Mizusako, Yoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Elect Director Muto, Yoshihiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Nagano, Masahiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Ochiai, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Plus Alpha Consulting Co., Ltd.</inf:issuerName><inf:cusip>J63934103</inf:cusip><inf:isin>JP3832700003</inf:isin><inf:meetingDate>12/26/2024</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Okubo, Juri</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>160600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>160600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 20</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Teraura, Taro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Masaki, Yasuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshikawa, Hiromi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Uenishi, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Shimao, Eri</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Abolish Takeover Defense Plan (Poison pill) Approved at the 2023 AGM</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SHAREHOLDER RIGHTS AND DEFENSES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Disclose Cost of Capital in Corporate Governance Report</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Require Individual Compensation Disclosure for Directors</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Dispose of All Shares Held for Purposes Other Than Pure Investment by Oct. 31, 2027</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Approve Additional Allocation of Income so that Final Dividend per Share Equals to JPY 41</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Initiate Share Repurchase Program</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Hi-Lex Corp.</inf:issuerName><inf:cusip>J20749107</inf:cusip><inf:isin>JP3699600007</inf:isin><inf:meetingDate>01/25/2025</inf:meetingDate><inf:voteDescription>Approve Additional Allocation of Income so that Final Dividend per Share Equals to JPY 119</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>250900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>250900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 128.5</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Teramachi, Akihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Teramachi, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Imano, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Maki, Nobuyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Kinoshita, Naoki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakane, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Kai, Junko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THK CO., LTD.</inf:issuerName><inf:cusip>J83345108</inf:cusip><inf:isin>JP3539250005</inf:isin><inf:meetingDate>03/15/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawasaki, Hiroko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>93900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>93900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GMO Internet Group, Inc.</inf:issuerName><inf:cusip>J1822R104</inf:cusip><inf:isin>JP3152750000</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Business Lines - Add/Amend Provisions on Corporate Philosophy</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>224500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>224500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GMO Internet Group, Inc.</inf:issuerName><inf:cusip>J1822R104</inf:cusip><inf:isin>JP3152750000</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Elect Director Kumagai, Masatoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>224500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>224500</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GMO Internet Group, Inc.</inf:issuerName><inf:cusip>J1822R104</inf:cusip><inf:isin>JP3152750000</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Elect Director Yasuda, Masashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>224500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>224500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GMO Internet Group, Inc.</inf:issuerName><inf:cusip>J1822R104</inf:cusip><inf:isin>JP3152750000</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishiyama, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>224500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>224500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GMO Internet Group, Inc.</inf:issuerName><inf:cusip>J1822R104</inf:cusip><inf:isin>JP3152750000</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Elect Director Ainora, Issei</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>224500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>224500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GMO Internet Group, Inc.</inf:issuerName><inf:cusip>J1822R104</inf:cusip><inf:isin>JP3152750000</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Elect Director Ito, Tadashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>224500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>224500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GMO Internet Group, Inc.</inf:issuerName><inf:cusip>J1822R104</inf:cusip><inf:isin>JP3152750000</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Matsui, Hideyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>224500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>224500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nakanishi, Inc.</inf:issuerName><inf:cusip>J4800J102</inf:cusip><inf:isin>JP3642500007</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 26</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nakanishi, Inc.</inf:issuerName><inf:cusip>J4800J102</inf:cusip><inf:isin>JP3642500007</inf:isin><inf:meetingDate>03/21/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Harita, Jin</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 21</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kanemaru, Yasufumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishibashi, Kunihito</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Shingu, Yuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Taniguchi, Tomohiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Saito, Yohei</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamaoka, Hiromi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Future Corp.</inf:issuerName><inf:cusip>J16832107</inf:cusip><inf:isin>JP3826200002</inf:isin><inf:meetingDate>03/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Sakakibara, Miki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>JINUSHI Co., Ltd.</inf:issuerName><inf:cusip>J52776101</inf:cusip><inf:isin>JP3714200007</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 42.5</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>JINUSHI Co., Ltd.</inf:issuerName><inf:cusip>J52776101</inf:cusip><inf:isin>JP3714200007</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishira, Hirofumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>JINUSHI Co., Ltd.</inf:issuerName><inf:cusip>J52776101</inf:cusip><inf:isin>JP3714200007</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuoka, Tetsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>JINUSHI Co., Ltd.</inf:issuerName><inf:cusip>J52776101</inf:cusip><inf:isin>JP3714200007</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kitagawa, Yuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 66</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Takinoue, Teruo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamura, Naoki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ashida, Norio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Shimomura, Ikuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishio, Uichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kasahara, Kahoru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Watanabe, Ryuichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Domoto, Reiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Pack Corp.</inf:issuerName><inf:cusip>J63492102</inf:cusip><inf:isin>JP3345900009</inf:isin><inf:meetingDate>03/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Ito, Haruyasu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>168700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>168700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 101</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Maeda, Ryuichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Soga, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Namba, Hironari</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kikumoto, Hideki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Endo, Shinichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yano, Susumu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Suzuki, Kazufumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kimura, Miki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Takahata, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichirin Co., Ltd.</inf:issuerName><inf:cusip>J4983T109</inf:cusip><inf:isin>JP3665000000</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>76900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>76900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 45</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ueno, Yoshiaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Fukunaga, Toshihiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Morita, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Tateiri, Minoru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Shirafuji, Takayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sato, Yoshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsujimoto, Yukiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakata Inx Corp.</inf:issuerName><inf:cusip>J66661125</inf:cusip><inf:isin>JP3314800008</inf:isin><inf:meetingDate>03/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Otsuki, Kazuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1347700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1347700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TRYT, Inc.</inf:issuerName><inf:cusip>J9299G105</inf:cusip><inf:isin>JP3635510005</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 11</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1263500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1263500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TRYT, Inc.</inf:issuerName><inf:cusip>J9299G105</inf:cusip><inf:isin>JP3635510005</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Izutsu, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1263500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1263500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TRYT, Inc.</inf:issuerName><inf:cusip>J9299G105</inf:cusip><inf:isin>JP3635510005</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Sasai, Hidetaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1263500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1263500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TRYT, Inc.</inf:issuerName><inf:cusip>J9299G105</inf:cusip><inf:isin>JP3635510005</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishimoto, Goro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1263500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1263500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TRYT, Inc.</inf:issuerName><inf:cusip>J9299G105</inf:cusip><inf:isin>JP3635510005</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Ono, Maiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1263500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1263500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TRYT, Inc.</inf:issuerName><inf:cusip>J9299G105</inf:cusip><inf:isin>JP3635510005</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Hara, Takanobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1263500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1263500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TRYT, Inc.</inf:issuerName><inf:cusip>J9299G105</inf:cusip><inf:isin>JP3635510005</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Iida, Masaru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1263500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1263500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Business Lines</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Sano, Kenichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Ota, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamoto, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Naito, Shinichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Harada, Shiori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Naka, Michimasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Vision, Inc. ( Japan)</inf:issuerName><inf:cusip>J9458U101</inf:cusip><inf:isin>JP3800330007</inf:isin><inf:meetingDate>03/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Mori, Shieri</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>452500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>452500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Horiba, Atsushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Saito, Juichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Adachi, Masayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Koishi, Hideyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director George Gillespie</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Horiba, Dan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Toyama, Haruyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuda, Fumihiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Tanabe, Tomoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Horiba Ltd.</inf:issuerName><inf:cusip>J22428106</inf:cusip><inf:isin>JP3853000002</inf:isin><inf:meetingDate>03/29/2025</inf:meetingDate><inf:voteDescription>Approve Fixed Cash Compensation Ceiling and Performance-Based Cash Compensation Ceiling for Directors</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>60100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>60100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 13</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Murata, Yoshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Yokoyama, Kazuhisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Sonoda, Atsuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Sugiyama, Tomoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Makino, Koichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Namba, Hitoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Aoki, Kazuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kiyose, Masayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Goto, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoko, Keisuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Arima, Atsumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Ebisawa, Miyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Onishi, Yuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Takashimaya Co., Ltd.</inf:issuerName><inf:cusip>J81195125</inf:cusip><inf:isin>JP3456000003</inf:isin><inf:meetingDate>05/20/2025</inf:meetingDate><inf:voteDescription>Approve Annual Bonus</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>330400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>330400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 60</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director Iwasaki, Takaharu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director Morishita, Tomehisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director Sumino, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director Okada, Harunobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director Kono, Hiroko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director Katayama, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director Tada, Akihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Life Corp.</inf:issuerName><inf:cusip>J38828109</inf:cusip><inf:isin>JP3966600003</inf:isin><inf:meetingDate>05/22/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Shinoki, Yoshie</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>82400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>82400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 45</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Murakami, Shinnosuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Hirai, Hirokatsu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Iwabuchi, Hiroyasu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Sekiguchi, Takayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Izuta, Junji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Unoki, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Makimoto, Takahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuno, Masaru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Kamoda, Shizuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Sato, Eiki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Elect Director Shiramizu, Masako</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Yasuoka, Nobuyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Urakawa, Tatsuji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Otsuka, Chiyo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>S Foods, Inc.</inf:issuerName><inf:cusip>J7T34B109</inf:cusip><inf:isin>JP3399300007</inf:isin><inf:meetingDate>05/23/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Kin, Daiyo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>228100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>228100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 43</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Provisions on Director Titles - Clarify Director Authority on Board Meetings</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Suzuki, Nobuteru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakabayashi, Keiichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Hatasaki, Mitsuyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Aoki, Hidehiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsutsumi, Hayuru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Oishi, Ryo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Matsuzawa, Naoteru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Fukushima, Kanae</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Tomita, Naoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Tsutsumi, Hayuru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>World Co., Ltd.</inf:issuerName><inf:cusip>J95171120</inf:cusip><inf:isin>JP3990210001</inf:isin><inf:meetingDate>05/27/2025</inf:meetingDate><inf:voteDescription>Approve Stock Option Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>36800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>36800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 70</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Watanabe, Keiichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Watanabe, Yudai</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamanoi, Makoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Yanai, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Shumura, Hiroki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Tanaka, Yoshinosuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Kimizuka, Koji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamaru, Yasushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Yabe, Takaharu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Maruzen Co., Ltd. (5982)</inf:issuerName><inf:cusip>J40734105</inf:cusip><inf:isin>JP3875610002</inf:isin><inf:meetingDate>05/28/2025</inf:meetingDate><inf:voteDescription>Elect Director Suganuma, Tomoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>95100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>95100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 129</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Oe, Shinji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Kato, Ikuro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Nihashi, Chihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Yasuda, Ikuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamoto, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Murakami, Kayo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>SANYO SHOKAI LTD.</inf:issuerName><inf:cusip>J69198109</inf:cusip><inf:isin>JP3339400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Hirabayashi, Yoshiki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>196700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>196700</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yoshimura Food Holdings KK</inf:issuerName><inf:cusip>J97977102</inf:cusip><inf:isin>JP3958400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshimura, Motohisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>256600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>256600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yoshimura Food Holdings KK</inf:issuerName><inf:cusip>J97977102</inf:cusip><inf:isin>JP3958400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Ando, Shun</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>256600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>256600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yoshimura Food Holdings KK</inf:issuerName><inf:cusip>J97977102</inf:cusip><inf:isin>JP3958400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawano, Akinori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>256600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>256600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yoshimura Food Holdings KK</inf:issuerName><inf:cusip>J97977102</inf:cusip><inf:isin>JP3958400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Takada, Motoyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>256600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>256600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yoshimura Food Holdings KK</inf:issuerName><inf:cusip>J97977102</inf:cusip><inf:isin>JP3958400008</inf:isin><inf:meetingDate>05/29/2025</inf:meetingDate><inf:voteDescription>Elect Director Otake, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>256600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>256600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 75</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Elect Director Kondo, Yasumasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuo, Yutaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Hamada, Michiyo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Udagawa, Kenichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Terada, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Ogane, Aki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sangetsu Corp.</inf:issuerName><inf:cusip>J67177105</inf:cusip><inf:isin>JP3330000005</inf:isin><inf:meetingDate>06/18/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Mine, Yosuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>232600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>232600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 52</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Shirozume, Hidetaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Tomiyasu, Haruhiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Shiga, Yoji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Masamune, Kiyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Endo, Shigeru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Horiguchi, Makoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Takahashi, Naoya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Taya, Koichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Hirasawa, Ikuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Fujikawa, Yukiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Yumiba, Keiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Adeka Corp.</inf:issuerName><inf:cusip>J0011Q109</inf:cusip><inf:isin>JP3114800000</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Establish Committee to Review Ownership of Listed Subsidiary (i.e., Nihon Nohyaku)</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>295100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>295100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 30</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Business Lines - Clarify Director Authority on Shareholder Meetings - Clarify Director Authority on Board Meetings</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Ogawa, Yoshimi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakaki, Yasuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Sugimoto, Kotaro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Shiwaku, Toshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawaguchi, Naotaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kitayama, Teisuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Asano, Toshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Komatsu, Yuriya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Okajima, Mari</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishiyama, Keita</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daicel Corp.</inf:issuerName><inf:cusip>J08484149</inf:cusip><inf:isin>JP3485800001</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kito, Seiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>360000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>360000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Funaki, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Funaki, Mikio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Funaki, Takao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kobayashi, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Okubo, Hideyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Sugiyama, Mariko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Iyomasa, Motoharu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>IDEC Corp.</inf:issuerName><inf:cusip>J23274111</inf:cusip><inf:isin>JP3138800002</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Approve Stock Option Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>112200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>112200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Provisions on Number of Directors - Amend Provisions on Director Titles - Clarify Director Authority on Board Meetings</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakajima, Masahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kanaoka, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Murai, Shinya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Isoda, Mitsuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawanishi, Takao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Hojo, Masaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kaneko, Mari</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kato, Masayoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Fukunishi, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Yano, Nahoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MORITA HOLDINGS CORP.</inf:issuerName><inf:cusip>J46604104</inf:cusip><inf:isin>JP3925600003</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Approve Compensation Ceiling for Directors</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>382000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>382000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Riken Technos Corp.</inf:issuerName><inf:cusip>J65070112</inf:cusip><inf:isin>JP3973000007</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 27</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>251400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>251400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Riken Technos Corp.</inf:issuerName><inf:cusip>J65070112</inf:cusip><inf:isin>JP3973000007</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Tokiwa, Kazuaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>251400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>251400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Riken Technos Corp.</inf:issuerName><inf:cusip>J65070112</inf:cusip><inf:isin>JP3973000007</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Irie, Junji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>251400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>251400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Riken Technos Corp.</inf:issuerName><inf:cusip>J65070112</inf:cusip><inf:isin>JP3973000007</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kajiyama, Gakuyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>251400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>251400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Riken Technos Corp.</inf:issuerName><inf:cusip>J65070112</inf:cusip><inf:isin>JP3973000007</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Ogawa, Tomozo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>251400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>251400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Riken Technos Corp.</inf:issuerName><inf:cusip>J65070112</inf:cusip><inf:isin>JP3973000007</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kinugawa, Sachie</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>251400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>251400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Riken Technos Corp.</inf:issuerName><inf:cusip>J65070112</inf:cusip><inf:isin>JP3973000007</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Approve Trust-Type Equity Compensation Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>251400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>251400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Clarify Director Authority on Board Meetings</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Hemmi, Yoshichika</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Miura, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Hemmi, Shingo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kotani, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Taguchi, Makoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujii, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishikawa, Seiichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Ito, Mari</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Hemmi, Keiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Kurosaki, Rikizo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Elect Director Saito, Kazunori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Systena Corp.</inf:issuerName><inf:cusip>J7864T106</inf:cusip><inf:isin>JP3351050004</inf:isin><inf:meetingDate>06/20/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Nakamura, Yoshihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>587600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>587600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 68</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Reduce Directors' Term</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Taya, Jun</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Onda, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Suzuki, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamura, Shin</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Nara, Michihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Yabe, Kozo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Asaka, Kinuyo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nihon Tokushu Toryo Co., Ltd.</inf:issuerName><inf:cusip>J51054104</inf:cusip><inf:isin>JP3739000002</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Tanaka, Koichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>79600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>79600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Avionics Co., Ltd.</inf:issuerName><inf:cusip>J52000106</inf:cusip><inf:isin>JP3686200001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 6</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Avionics Co., Ltd.</inf:issuerName><inf:cusip>J52000106</inf:cusip><inf:isin>JP3686200001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Takeuchi, Masato</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Avionics Co., Ltd.</inf:issuerName><inf:cusip>J52000106</inf:cusip><inf:isin>JP3686200001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Sango, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Avionics Co., Ltd.</inf:issuerName><inf:cusip>J52000106</inf:cusip><inf:isin>JP3686200001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Kato, Kiyohiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Avionics Co., Ltd.</inf:issuerName><inf:cusip>J52000106</inf:cusip><inf:isin>JP3686200001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Mori, Seiichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>145000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Change Location of Head Office</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Tomizawa, Katsuyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Higashi, Shunichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Yogosawa, Kazumoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Shibata, Yasuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuo, Hideki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujiwara, Goro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Ryoden Corp.</inf:issuerName><inf:cusip>J65715120</inf:cusip><inf:isin>JP3976200000</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Ogasawara, Yuka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>391000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>391000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Suehiro, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Yano, Kazumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujishiro, Goji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsukahara, Minoru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsukamoto, Hideki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Ayuzawa, Noriaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Honke, Masataka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Kato, Toshihisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Osawa, Kanako</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>TPR Co., Ltd.</inf:issuerName><inf:cusip>J82528100</inf:cusip><inf:isin>JP3542400001</inf:isin><inf:meetingDate>06/24/2025</inf:meetingDate><inf:voteDescription>Elect Director Muneto, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>202400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>202400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 91</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakata, Shinichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Torino, Yoshifumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kondo, Masayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sumiyoshi, Tetsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kakino, Masafumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Hirochi, Manabu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kuboi, Toshiaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Masuda, Fumihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakai, Norimitsu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ahmed Sajjad</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Gusoku, Shoji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Horiuchi, Takefumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Osawa, Hidemi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Konishi, Hanako</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Compensation Ceiling for Directors Who Are Not Audit Committee Members</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Central Automotive Products Ltd.</inf:issuerName><inf:cusip>J05418108</inf:cusip><inf:isin>JP3515400004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>108800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>108800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Namiki, Fujio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ueguri, Michiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Takahashi, Makoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Shibata, Ken</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Maki, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Tanaka, Takayoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishizaka, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Baba, Yoshiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Hosaka, Naruhito</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daishi Hokuetsu Financial Group, Inc.</inf:issuerName><inf:cusip>J10795102</inf:cusip><inf:isin>JP3483850008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kuwahara, Miki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>354100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>354100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Watanabe, Takao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Homma, Eiichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Shirasaki, Michio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Mori, Hikari</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kaneda, Takero</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Arai, Gen</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawada, Shinji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Akiyama, Rie</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshimoto, Ichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Tamesue, Dai</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsuchiya, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Imoto, Naoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Okazaki, Fumio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Compensation Ceiling for Directors</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GOLDWIN INC.</inf:issuerName><inf:cusip>J17472101</inf:cusip><inf:isin>JP3306600002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Performance Share Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>35100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>35100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komatsu Wall Industry Co., Ltd.</inf:issuerName><inf:cusip>J35867100</inf:cusip><inf:isin>JP3303200004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 35</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>204200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>204200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komatsu Wall Industry Co., Ltd.</inf:issuerName><inf:cusip>J35867100</inf:cusip><inf:isin>JP3303200004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kano, Shinya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>204200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>204200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komatsu Wall Industry Co., Ltd.</inf:issuerName><inf:cusip>J35867100</inf:cusip><inf:isin>JP3303200004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamada, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>204200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>204200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komatsu Wall Industry Co., Ltd.</inf:issuerName><inf:cusip>J35867100</inf:cusip><inf:isin>JP3303200004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Aya, Yukio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>204200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>204200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komatsu Wall Industry Co., Ltd.</inf:issuerName><inf:cusip>J35867100</inf:cusip><inf:isin>JP3303200004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Hachiya, Toshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>204200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>204200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komatsu Wall Industry Co., Ltd.</inf:issuerName><inf:cusip>J35867100</inf:cusip><inf:isin>JP3303200004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Furuya, Mayumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>204200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>204200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komatsu Wall Industry Co., Ltd.</inf:issuerName><inf:cusip>J35867100</inf:cusip><inf:isin>JP3303200004</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Nakada, Koichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>204200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>204200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Business Lines</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishihara, Takuji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sawada, Toshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamauchi, Yuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Hirauchi, Masaru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakahara, Yoshiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Takaoka, Junji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Komehyo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3589F109</inf:cusip><inf:isin>JP3305590006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Murase, Momoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>65800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>65800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Takashima, Hideichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Hirotomi, Yasuyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakamoto, Shogo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kitada, Masahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kan, Tetsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamao, Tetsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawabe, Tatsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Funato, Kimiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuka, Yukako</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Maeda, Toyoji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoei Steel Ltd.</inf:issuerName><inf:cusip>J3784P100</inf:cusip><inf:isin>JP3247400009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Takeuchi, Yohei</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>200400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>200400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 35</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Hara, Kazumasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyoshi, Akinobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishizawa, Eiichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Okawara, Makoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Omori, Shinichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sugaya, Tsunesaburo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Mori, Yasuaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Macnica Holdings, Inc.</inf:issuerName><inf:cusip>J3923S106</inf:cusip><inf:isin>JP3862960006</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Abe, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>442500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>442500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 40</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Change Location of Head Office - Clarify Director Authority on Board Meetings</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakayama, Toshiki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sugahara, Hidemune</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Totake, Yasushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Takaya, Yoichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Wakimoto, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Mitsuya, Takaaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Takaoka, Hiromasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamamoto, Mayumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawaratani, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsukasaki, Yuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>MIRAIT One Corp.</inf:issuerName><inf:cusip>J4307G106</inf:cusip><inf:isin>JP3910620008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Mizutani, Midori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>91600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>91600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 27</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsuhara, Shusaku</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamura, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Nagamine, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishizuki, Mutsumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Abe, Masahiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sato, Kensuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sagiya, Mari</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Aonuma, Takayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sone, Hirozumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Watanabe, Natsumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Urata, Haruyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Itai, Jiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mizuho Leasing Co., Ltd.</inf:issuerName><inf:cusip>J2308V106</inf:cusip><inf:isin>JP3286500008</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Otaka, Noboru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>677300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>677300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Rakuten Bank Ltd.</inf:issuerName><inf:cusip>J6S87A100</inf:cusip><inf:isin>JP3967220009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Torin, Tomotaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>7200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>7200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Rakuten Bank Ltd.</inf:issuerName><inf:cusip>J6S87A100</inf:cusip><inf:isin>JP3967220009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Mikitani, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>7200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>7200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Rakuten Bank Ltd.</inf:issuerName><inf:cusip>J6S87A100</inf:cusip><inf:isin>JP3967220009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ebinuma, Eiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>7200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>7200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Rakuten Bank Ltd.</inf:issuerName><inf:cusip>J6S87A100</inf:cusip><inf:isin>JP3967220009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Nagato, Masatsugu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>7200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>7200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Rakuten Bank Ltd.</inf:issuerName><inf:cusip>J6S87A100</inf:cusip><inf:isin>JP3967220009</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawamura, Kayoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>7200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>7200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sasada, Masanori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamura, Kenichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kadota, Yasushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawano, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Koyama, Katsuhiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Tamura, Yoshikatsu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakurai, Masao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Relo Group, Inc.</inf:issuerName><inf:cusip>J6436W118</inf:cusip><inf:isin>JP3755200007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>186500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>186500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 125</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Tomita, Koji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Takizawa, Kiyotaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Okamoto, Shuji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Hasui, Takafumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Fusegi, Takayoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Izumi, Hiroki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Asano, Keiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Soken Chemical &amp; Engineering Co., Ltd.</inf:issuerName><inf:cusip>J76085109</inf:cusip><inf:isin>JP3431550007</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Yasuda, Megumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>52100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>52100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Keiyo Bank, Ltd.</inf:issuerName><inf:cusip>J05754106</inf:cusip><inf:isin>JP3281600001</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 16</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>632300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>632300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Keiyo Bank, Ltd.</inf:issuerName><inf:cusip>J05754106</inf:cusip><inf:isin>JP3281600001</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Reduce Directors' Term</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>632300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>632300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Keiyo Bank, Ltd.</inf:issuerName><inf:cusip>J05754106</inf:cusip><inf:isin>JP3281600001</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Kumagai, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>632300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>632300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Keiyo Bank, Ltd.</inf:issuerName><inf:cusip>J05754106</inf:cusip><inf:isin>JP3281600001</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Ichikawa, Tatsushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>632300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>632300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 11</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Alyssa Yoneyama</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoneyama, Shuichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Iwano, Miyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Casey Yoneyama</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Michael N. Morizumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Otsubo, Fukiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yonex Co., Ltd.</inf:issuerName><inf:cusip>J9776D104</inf:cusip><inf:isin>JP3960000002</inf:isin><inf:meetingDate>06/25/2025</inf:meetingDate><inf:voteDescription>Elect Director Duncan Ryuken Williams</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>25900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>25900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 29</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kinoshita, Kazuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Aoki, Ryoji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Aizawa, Yoshiaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tada, Mitsunori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakao, Masami</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Furuta, Akihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kitayama, Noboru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Hashimoto, Junko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>AOI Electronics Co., Ltd.</inf:issuerName><inf:cusip>J01586106</inf:cusip><inf:isin>JP3105280006</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Ohira, Fumikazu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>12500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>12500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kurose, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kurose, Shusuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Okoshi, Masahiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Okuyama, Kazunori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Muto, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Phan Khac Long</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Watanabe, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kabasawa, Toshihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ueda, Kohei</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Otani, Kazuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>ASIA PILE HOLDINGS Corp.</inf:issuerName><inf:cusip>J28007102</inf:cusip><inf:isin>JP3389640008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Igarashi, Hisae</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>459700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>459700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 82.5</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Reduce Directors' Term</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tajiri, Tetsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Minomo, Shoichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kamo, Kazuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kimura, Haruhisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kaneko, Kentaro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kuriyama, Tadashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Magoshi, Emiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujiwara, Yasufumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawasaki, Kiyotaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Morimoto, Keiki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daihen Corp.</inf:issuerName><inf:cusip>J09114109</inf:cusip><inf:isin>JP3497800007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Kageyama, Shuichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>50600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>50600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 32</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuyama, Koichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Okada, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Sonoda, Nobuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Seki, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Mabuchi, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Okada, Toshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Takigawa, Yoshimasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Oyama, Minori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Onishi, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Higuchi, Chizuru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiko Xtech Ltd.</inf:issuerName><inf:cusip>J10122109</inf:cusip><inf:isin>JP3483000000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Ono, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>226200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>226200</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 17</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Endo, Yuzo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kubo, Koji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Murakami, Yukimasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Imai, Noriyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Morita, Hirofumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ogino, Tsunehisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yasuda, Kana</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Horie, Yoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Yoshikawa, Yasushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>GEO Holdings Corp.</inf:issuerName><inf:cusip>J17768102</inf:cusip><inf:isin>JP3282400005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Hattori, Shinya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>362600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>362600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 22</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishizuka, Haruhisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakamura, Koji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Sagara, Yukihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ohara, Yasuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Takaku, Manabu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Suzuki, Masaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kimizuka, Yoshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yokoyama, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Momose, Rie</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Musha, Takayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Inaoka, Hideaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kubo, Shigeto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Hirata, Yasunobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Hayakawa, Takayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Oda, Keiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Ueda, Takumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Miyagi, Toshiaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kawashima, Tokio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Kameyama, Harunobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyoritsu Maintenance Co., Ltd.</inf:issuerName><inf:cusip>J37856101</inf:cusip><inf:isin>JP3253900009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Compensation Ceiling for Directors Who Are Not Audit Committee Members</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Naya, Yuichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakate, Atsushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Wada, Junya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kikyo, Yoshihito</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Naya, Shigeru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsuchiya, Nao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishiyama, Yosuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Harada, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Meiko Electronics Co., Ltd.</inf:issuerName><inf:cusip>J4187E106</inf:cusip><inf:isin>JP3915350007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kobayashi, Toshifumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>131000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>131000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 57</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshioka, Narumitsu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tonoi, Kazushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Oka, Munetsugu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kochi, Kazuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tajiri, Naoki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishi, Hiroaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Otani, Kazuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Noge, Emi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Shinoda, Kikuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichiha Corp.</inf:issuerName><inf:cusip>J53892105</inf:cusip><inf:isin>JP3662200009</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Iwamoto, Yoshiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>57700</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>57700</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 183</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Increase Authorized Capital - Amend Provisions on Number of Directors - Clarify Director Authority on Board Meetings</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishikawa, Masahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ogawa, Hideki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Deguchi, Kozo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kubo, Hayato</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Osako, Tadashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Yamamoto, Junichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kurata, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Iwasaki, Reiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nishikawa Rubber Co., Ltd.</inf:issuerName><inf:cusip>J5671T103</inf:cusip><inf:isin>JP3657550004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Compensation Ceiling for Directors Who Are Audit Committee Members</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>242100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>242100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kato, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Higashiyama, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Okabe, Makoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Maeda, Tomoaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujioka, Takahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Funabiki, Eiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tada, Mizuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Fuma, Yuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Morisaki, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Matsumoto, Chika</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Noritake Co., Ltd.</inf:issuerName><inf:cusip>J59052118</inf:cusip><inf:isin>JP3763000001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Tanaka, Seiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>30400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>30400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 12.5</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yasuda, Mitsuharu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsuyama, Hironobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Masuda, Hitoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamada, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoneta, Kazushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kobe, Toshiaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>North Pacific Bank, Ltd.</inf:issuerName><inf:cusip>J22260111</inf:cusip><inf:isin>JP3843400007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kurio, Shiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>384800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>384800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Provisions on Number of Directors</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yagura, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Okamoto, Yasuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Hattori, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Magara, Koichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ito, Yoshikazu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsuda, Mitsunori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyagawa, Hisao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Hamazaki, Yoshiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sakai Chemical Industry Co., Ltd.</inf:issuerName><inf:cusip>J66489121</inf:cusip><inf:isin>JP3312800000</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Annual Bonus</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>184500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>184500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 20</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nagai, Keisuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyamoto, Yoshihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Shirai, Hisashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawanishi, Noriyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyazaki, Seiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Suginochi, Kenzo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Obayashi, Shinji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishida, Hideyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Shiome, Kazuhiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kagawa, Ryohei</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Otsuka, Iwao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Nishiyama, Shoichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Izutani, Yachiyo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Conduct and Disclose Investigation Results concerning Active Faults around Sadamisaki Peninsula</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>ENVIRONMENT OR CLIMATE</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>OTHER SOCIAL ISSUES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Decommission Unit No. 3 of the Ikata Nuclear Power Station</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>ENVIRONMENT OR CLIMATE</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>OTHER SOCIAL ISSUES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Withdraw from Nuclear Power Generation</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>ENVIRONMENT OR CLIMATE</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>OTHER SOCIAL ISSUES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shikoku Electric Power Co., Inc.</inf:issuerName><inf:cusip>J72079106</inf:cusip><inf:isin>JP3350800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Ban Purchase of Party Tickets of Political Parties, Political Organizations and Individual Politicians</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>OTHER SOCIAL ISSUES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>1328100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1328100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 60</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Sekine, Fukuichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Morohashi, Hirotsune</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Doi, Ryoji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Sekimoto, Masaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ono, Akihiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Fukushima, Tatsuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Makino, Mitsuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Inagawa, Tatsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sumitomo Osaka Cement Co., Ltd.</inf:issuerName><inf:cusip>J77734101</inf:cusip><inf:isin>JP3400900001</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Morito, Yoshimi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nunoyama, Hisanobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Takami, Sadayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nammoto, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsura, Yoshinori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsujikawa, Masato</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsuji, Takao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Gondo, Yoshikazu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Kida, Minoru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tachibana Eletech Co., Ltd.</inf:issuerName><inf:cusip>J78744109</inf:cusip><inf:isin>JP3466600008</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Takeover Defense Plan (Poison Pill)</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SHAREHOLDER RIGHTS AND DEFENSES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>125100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>125100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 84</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Osada, Masashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakajima, Yasushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakagawa, Masanori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Hamanaka, Yukinori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Sobue, Tadashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Hikosaka, Hirokazu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Soda, Nobuyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Soejima, Suga</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakata, Hiramasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Taikisha Ltd.</inf:issuerName><inf:cusip>J79389102</inf:cusip><inf:isin>JP3441200007</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Sato, Yasuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>78200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>78200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 65</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Nagahori, Kazumasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Shirai, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Otomo, Ken</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyazaki, Takao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Takizawa, Kiyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Mitsuoka, Ryuichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Sanada, Yukimitsu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>The Musashino Bank, Ltd.</inf:issuerName><inf:cusip>J46883104</inf:cusip><inf:isin>JP3912800004</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kobayashi, Ayako</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>230800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>230800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishii, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Hyodo, Masakazu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ito, Kaoru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Takasugi, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kasai, Toshihiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Morimura, Nozomu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Kosao, Fumiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tomono, Naoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>THE NIPPON ROAD CO., LTD.</inf:issuerName><inf:cusip>J55397103</inf:cusip><inf:isin>JP3740200005</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Sakanoue, Hikotaro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshii, Kazunori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Takinaka, Hidetoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Tsukahara, Tomoko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Murashima, Toshihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsui, Kunio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Moriyama, Noriyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Wachi, Hideki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Ogasawara, Naoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshida, Katsuyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoda, Noboru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Elect Director Omura, Hiroko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsuzuki Denki Co., Ltd.</inf:issuerName><inf:cusip>J9358G103</inf:cusip><inf:isin>JP3533800003</inf:isin><inf:meetingDate>06/26/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Oyama, Kazuhisa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>81800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>81800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 111</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujisawa, Ichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamanaka, Yasuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sasaki, Hisao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sasaki, Yoji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsubara, Fumio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sato, Ikumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kosakai, Kenkichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kyutoku, Hirofumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>DAI-DAN Co., Ltd.</inf:issuerName><inf:cusip>J62234109</inf:cusip><inf:isin>JP3486000007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Isokawa, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>105500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>105500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 45</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishimura, Yukihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Igari, Tsukasa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamashita, Takao</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshimaru, Yukiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujiki, Takako</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Hori, Tetsuro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kishinami, Misawa</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Dono, Shigeru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Daiwabo Holdings Co., Ltd.</inf:issuerName><inf:cusip>J1R29Q108</inf:cusip><inf:isin>JP3505400006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Matsuyama, Motohiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>171500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>171500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Moriya, Futoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakatake, Harumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nagashima, Yoshiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ito, Yayoi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Imado, Tomoe</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sugai, Takanori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kuroda, Nobuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Uchida, Keiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Noguchi, Yoshikuni</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kanaden Corp.</inf:issuerName><inf:cusip>J29524105</inf:cusip><inf:isin>JP3215000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Ogawa, Chieko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>470000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>470000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 6.37</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yiwen Luo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Tokiwa, Makoto</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Watanabe, Masayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kamimura, Akira</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Takemura, Shigeyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakaigawa, Shunichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Aizawa, Akane</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>KOSAIDO Holdings Co., Ltd.</inf:issuerName><inf:cusip>J3S44L105</inf:cusip><inf:isin>JP3287700003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Avantia GP as New External Audit Firm</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>AUDIT-RELATED</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>390600</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>390600</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 83</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nunohara, Tatsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Norimitsu, Takeo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Horimoto, Noboru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kizu, Teruyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ichimura, Tetsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Terakawa, Hiroyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kaneko, Keiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Kyokuto Kaihatsu Kogyo Co., Ltd.</inf:issuerName><inf:cusip>J3775L100</inf:cusip><inf:isin>JP3256900006</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Tomohiro, Takanobu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>243800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>243800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 90</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Change Company Name</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director No, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ikenobu, Seiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Okabe, Masato</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamashita, Masashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Toida, Kazuhiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Takegawa, Keiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Remove Incumbent Director No, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Mitsui Mining &amp; Smelting Co., Ltd.</inf:issuerName><inf:cusip>J44948131</inf:cusip><inf:isin>JP3888400003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Alternate Annual Dividend of JPY 500 per Share</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>SECURITY HOLDER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 37</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Amend Business Lines</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyauchi, Daisuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoneda, Tsuyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Hiroi, Masayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawamoto, Kenichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Muto, Naoki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Yamauchi, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Ando, Yoshiaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Koike, Tatsuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Miura Co., Ltd.</inf:issuerName><inf:cusip>J45593100</inf:cusip><inf:isin>JP3880800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Shoriki, Yuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>188300</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>188300</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 60</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ota, Eijiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Mori, Shinya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Fujii, Daisuke</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Matsunaga, Hideki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Takagi, Tetsuya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Takanami, Kenji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakaki, Shinji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sawamura, Tamaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Shimomura, Yoichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Morinaga &amp; Co., Ltd.</inf:issuerName><inf:cusip>J46367108</inf:cusip><inf:isin>JP3926400007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamagishi, Hiromi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>66400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>66400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 6</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Onishi, Toshinori</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Gotoda, Hideaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Terakawa, Naoki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Takama, Toshio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Tanaka, Fumitake</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kido, Kunihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Arimoto, Noriyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamauchi, Koji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ishihara, Miho</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kojima, Reiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Katsura, Mariko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Mitsuiki, Soichiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Bonus Related to Retirement Bonus System Abolition</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Compensation Ceiling for Directors</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nichia Steel Works, Ltd.</inf:issuerName><inf:cusip>J49248107</inf:cusip><inf:isin>JP3660000005</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Orita, Mitsuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>1153100</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>1153100</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 33</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Maezuru, Toshiya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kimura, Tomio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawasaki, Hiroaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kora, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Otao, Toru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Abe, Naoki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawamata, Naotaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kumagai, Hitomi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Takaoka, Mika</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>NIPPN Corp.</inf:issuerName><inf:cusip>J5179A101</inf:cusip><inf:isin>JP3723000000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Naruse, Kentaro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>77200</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>77200</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Amend Articles to Clarify Director Authority on Board Meetings</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sato, Koichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nagano, Keiichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yoshihara, Masahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Azuma, Masatoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Shimada, Satsuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Hirata, Yuji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Tomiyama, Eiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Suzuki, Kiyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Enomoto, Toshihiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Seiki Co., Ltd.</inf:issuerName><inf:cusip>J55483101</inf:cusip><inf:isin>JP3720600000</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Yamada, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>502000</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>502000</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 80</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Aga, Eiji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sasabe, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Shimizu, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Seshimo, Atsuhiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Watase, Yuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Meiga, Takayoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Nippon Soda Co., Ltd.</inf:issuerName><inf:cusip>J55870109</inf:cusip><inf:isin>JP3726200003</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sakai, Tatsufumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>42900</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>42900</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 89</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamada, Masayuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakayama, Yasutoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Suda, Nobuyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Honda, Tetsushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Wada, Morifumi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Abe, Daisaku</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Hanano, Nobuko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kodama, Naomi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Chisaki, Masaya</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Furuchi, Chikara</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Organo Corp.</inf:issuerName><inf:cusip>J61697108</inf:cusip><inf:isin>JP3201600008</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Minaki, Mio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>24800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>24800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>OSAKA SODA CO., LTD.</inf:issuerName><inf:cusip>J62707104</inf:cusip><inf:isin>JP3485900009</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Terada, Kenshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>145500</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>OSAKA SODA CO., LTD.</inf:issuerName><inf:cusip>J62707104</inf:cusip><inf:isin>JP3485900009</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Konishi, Atsuo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>OSAKA SODA CO., LTD.</inf:issuerName><inf:cusip>J62707104</inf:cusip><inf:isin>JP3485900009</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kimura, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>OSAKA SODA CO., LTD.</inf:issuerName><inf:cusip>J62707104</inf:cusip><inf:isin>JP3485900009</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Futamura, Bunyu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>OSAKA SODA CO., LTD.</inf:issuerName><inf:cusip>J62707104</inf:cusip><inf:isin>JP3485900009</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Hyakushima, Hakaru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>OSAKA SODA CO., LTD.</inf:issuerName><inf:cusip>J62707104</inf:cusip><inf:isin>JP3485900009</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyata, Okiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>OSAKA SODA CO., LTD.</inf:issuerName><inf:cusip>J62707104</inf:cusip><inf:isin>JP3485900009</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Segawa, Yasushi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>145500</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>145500</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Konno, Kunihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Hayashi, Shinichi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Konno, Hiroaki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Shibata, Masahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishima, Susumu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Togawa, Kiyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Jin-hyuk Yun</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Suzuki, Toshiyuki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Kasano, Sachiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Restar Corp.</inf:issuerName><inf:cusip>J6450H104</inf:cusip><inf:isin>JP3944360001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>216400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>216400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 30</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Rachi, Noboru</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Itagaki, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ono, Shinji</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Noguchi, Yukio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishiyama, Yasuharu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakatsuji, Takeshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director William Ireton</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ando, Yoshiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kawashima, Isamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Kawakami, Ryo</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Compensation Ceilings for Directors and Statutory Auditors</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Sansei Technologies, Inc.</inf:issuerName><inf:cusip>J68295104</inf:cusip><inf:isin>JP3334800004</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Restricted Stock Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>89800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>89800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 65</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Tanaka, Nobuyoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Ukegawa, Osamu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sasaki, Masahiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Hatori, Satoshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nishiyama, Yoshihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kitadai, Yaeko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Nihei, Harusato</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Statutory Auditor Ito, Akiko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Appoint Alternate Statutory Auditor Okada, Mitsutaka</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory><inf:voteCategory><inf:categoryType>CORPORATE GOVERNANCE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Shindengen Electric Manufacturing Co. Ltd.</inf:issuerName><inf:cusip>J72724107</inf:cusip><inf:isin>JP3377800002</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Takeover Defense Plan (Poison Pill)</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>SHAREHOLDER RIGHTS AND DEFENSES</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>46800</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>AGAINST</inf:howVoted><inf:sharesVoted>46800</inf:sharesVoted><inf:managementRecommendation>AGAINST</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 68</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Kato, Terukazu</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sugii, Kei</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Miyake, Hiroshi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Okada, Tadashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Eguchi, Mariko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Nagafuchi, Tomihiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Mochizuki, Akemi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director and Audit Committee Member Tsuchiya, Chieko</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Alternate Director and Audit Committee Member Yamaoka, Norie</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Tsumura &amp; Co.</inf:issuerName><inf:cusip>J93407120</inf:cusip><inf:isin>JP3535800001</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Trust-Type Equity Compensation Plan</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>COMPENSATION</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>156400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>156400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yondenko Corp.</inf:issuerName><inf:cusip>J72036106</inf:cusip><inf:isin>JP3962600007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Approve Allocation of Income, with a Final Dividend of JPY 35</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>CAPITAL STRUCTURE</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>852400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>852400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yondenko Corp.</inf:issuerName><inf:cusip>J72036106</inf:cusip><inf:isin>JP3962600007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Sekiya, Yukio</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>852400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>852400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yondenko Corp.</inf:issuerName><inf:cusip>J72036106</inf:cusip><inf:isin>JP3962600007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamasaki, Naoki</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>852400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>852400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yondenko Corp.</inf:issuerName><inf:cusip>J72036106</inf:cusip><inf:isin>JP3962600007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Nakagawa, Takashi</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>852400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>852400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
<inf:proxyTable><inf:issuerName>Yondenko Corp.</inf:issuerName><inf:cusip>J72036106</inf:cusip><inf:isin>JP3962600007</inf:isin><inf:meetingDate>06/27/2025</inf:meetingDate><inf:voteDescription>Elect Director Yamamoto, Yoshiro</inf:voteDescription><inf:voteCategories><inf:voteCategory><inf:categoryType>DIRECTOR ELECTIONS</inf:categoryType></inf:voteCategory></inf:voteCategories><inf:voteSource>ISSUER</inf:voteSource><inf:sharesVoted>852400</inf:sharesVoted><inf:sharesOnLoan>0</inf:sharesOnLoan><inf:vote><inf:voteRecord><inf:howVoted>FOR</inf:howVoted><inf:sharesVoted>852400</inf:sharesVoted><inf:managementRecommendation>FOR</inf:managementRecommendation></inf:voteRecord></inf:vote></inf:proxyTable>
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