Shimadzu Corporation/ADR

• AP Artisan Partners Tour de 80/20 ↗ Artisan International Explorer Fund applies the 80/20 principle to portfolio companies, favoring Glenveagh’s standardized homebuilding, Elementis’s product upgrades, Sabre’s selective underwriting and Lion’s SKU rationalization. The fund bought Shimadzu, exited Vitzrocell and Pluxee, added to Essentra, and retained most of IQE after its customer financing strengthened the balance sheet. Q2 2026 082920 $820MADVT $315MEMNSF $1.4B +8

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