On February 12, 2020, RMB Capital announced that it has called on Sanyo Shokai Ltd. to sell itself, saying a new owner would help turn around the firm. RMB Capital sent a letter in December to the company’s board, urging it to seek a strategic buyer. In addition, RMB Capital stated that the Company should seek a partner with more capital because its own efforts to revive the Company haven’t been successful and it doesn’t have enough scale to reorganize its business on its own.