Statement by Rangeley Capital on “Unlocking Value at Dainichi” (Stock Code: 5951 JT) Rangeley Capital LLC (“Rangeley”) is the manager to funds that owns ~5% of Dainichi Co., Ltd. (5951 JP) (“Dainichi” or the “Company”). Rangeley invests in companies whose intrinsic value is not reflected in their market price and engages constructively with the management and boards of its investee companies, consistent with the spirit of the Japan FSA’s “Principles for Responsible Institutio