Decision and Details
Sale of the Company's shares by its Representative Director and CEO
The ownership interests of certain shareholders had increased in connection with a capital and business alliance and a third-party allotment, causing market liquidity to decline relatively. The sale is stated to have been intended to improve market liquidity and the tradable share ratio in anticipation of a future transfer to the Prime Market.
| Item | Details |
|---|---|
| Matter Covered | Sale of the Company's shares by its Representative Director and CEO |
| Implementation Date | 15 April 2026 (trade execution date; completed) |
| Period Covered | The sale was executed at a single point in time. The Company has been notified that no common shares of the Company will be sold for 2 years following the sale. |
| Quantity / scale | Shares sold: 550,000 (2.84% of the 19,335,800 issued shares). Shares held decreased from 5,637,000 to 5,087,000, and the ownership interest decreased from 29.15% to 26.31%. |
| Reason | The ownership interests of certain shareholders had increased in connection with a capital and business alliance and a third-party allotment, causing market liquidity to decline relatively. The sale is stated to have been intended to improve market liquidity and the tradable share ratio in anticipation of a future transfer to the Prime Market. |
| Governing Rule | Avoidance of a violation of insider trading regulations |
| Future plans | Kato Sadaaki (加藤貞顕) will continue to hold the position of a major shareholder and has notified the Company that he will not sell any common shares of the Company for 2 years from the trade execution date. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The ownership interests of certain shareholders had increased as a result of recent capital and business alliances and a third-party allotment, causing market liquidity to decline relatively. The sale is stated to have been intended to increase market liquidity and the tradable share ratio in anticipation of a future transfer to the Prime Market.