Kazuhiko Shibata

Co-Founder and Co-CEO, Symphony Financial Partners · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorfounderexecutivesymphony-fp.com.sg ↗

Kazuhiko Shibata co-founded Symphony Financial Partners with David Baran in 2000 to execute a constructive engagement strategy targeting Japanese equities. Before establishing Symphony, he spent nearly two decades at Nomura Securities in Tokyo and New York advising on cross-border M&A and principal transactions.

5statements → 1claims → 1claims resolved → 4.2/5average certainty → 2/5average debate potential →

0 supported 1 partly supported 0 contradicted how the 1 claim stands · each chip opens the sources

1 assertion · 2 insights · 2 disclosures · every statement was checked. The predictions and assertion are the 1 claim: statements the public record can support or contradict. 1 is resolved. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Kazuhiko argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Kazuhiko Shibata on measured tape to publish a rate. This says nothing about how they speak.

What they said5 Episodes1

Everything Kazuhiko Shibata said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Partly supported

Shibata: Symphony was first hedge fund to sponsor Japanese management buyout

“Actually, we are the first, the hedge fund who sponsored management buyout. Central Uni is the name of the company.”

Kazuhiko Shibata Feb 8, 2021 ▶ 34:12 David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)

Insight

Shibata: Corporate raiding in Japan faces fierce cultural opposition from management

“So it's pretty tough for example, Japanese management that you will get golden parachute, and we'll buy your company and fire everybody. That's not acceptable to most of Japanese, because they are my friend. I will be ashamed in the community. So buying a Japa…”

Kazuhiko Shibata Feb 8, 2021 ▶ 19:45 David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)

Insight

Shibata: Historically, shareholders ranked at the bottom of Japanese corporate stakeholders

“Shareholder is lowest ranked in Japan. I should say past tense, not current tense. Shareholder was the lowest ranked. Employee, client, So the total stakeholder, shareholder is the bottom. That has been a long time concept, or Japanese community.”

Kazuhiko Shibata Feb 8, 2021 ▶ 20:20 David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)

Disclosure

Shibata: Symphony provides free management advisory work prior to investing

“Once we identify the manager, before investing, we'll start working, giving free advice, and I'm trying to be on their side, not the other side of a table and banging a table. That's not our way. We are always trying to be their advisor for free.”

Kazuhiko Shibata Feb 8, 2021 ▶ 32:26 David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)

Disclosure

Symphony passes on investment targets that offer only one exit option

“If there is only one exit option, we'll move next one. We want to have couple of exit options.”

Kazuhiko Shibata Feb 8, 2021 ▶ 44:26 David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocators, EP.176)

Appearances (1)

Episode	Date	Speaking time
David Baran and Kazuhiko Shibata – Friendly Activism in Japan at Symphony (Capital Allocat	Feb 8, 2021	11m

Kazuhiko Shibata

The record, in short

How they sound: not measured why? →

Appearances (1)

Turn any episode into a week of clips.