Change in Other Affiliated Company
株式会社Birdman, KANDB INVESTMENT L.L.C.
The number of voting rights associated with the company's common shares owned by KANDB fell below 20% of the total voting rights of all shareholders as a result of the enforcement of the security transfer agreement between KANDB and a third party, followed by the sale of the company's common shares and other transactions.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
79,997 units (7,999,700 shares), 23.73% (as of 30 June 2026)
50,000 units (5,000,000 shares), 13.94% (as of 30 September 2026)
Company response
We will further strengthen our procedures for checking the shareholder register, the filing status of substantial shareholding reports and other documents, as well as our communication system with major shareholders.
This change will have no impact on the company's performance. Should any matters requiring disclosure arise, we will promptly announce them.
Should any matters requiring disclosure arise in connection with this change, we will promptly announce them.
| Item | Details |
|---|---|
| Event name | Change in Other Affiliated Company |
| Date of occurrence | 14 August 2026 (date of change) |
| Date recognized / date notice received | 26 October 2026 (formal response regarding its holdings received from KANDB and this change confirmed) |
| Subject Entity | 株式会社Birdman, KANDB INVESTMENT L.L.C. |
| Cause | The number of voting rights associated with the company's common shares owned by KANDB fell below 20% of the total voting rights of all shareholders as a result of the enforcement of the security transfer agreement between KANDB and a third party, followed by the sale of the company's common shares and other transactions. |
| Measures to prevent recurrence | We will further strengthen our procedures for checking the shareholder register, the filing status of substantial shareholding reports and other documents, as well as our communication system with major shareholders. |
| Voting rights ownership percentage before the change | 79,997 units (7,999,700 shares), 23.73% (as of 30 June 2026) |
| Voting rights ownership percentage after the change | 50,000 units (5,000,000 shares), 13.94% (as of 30 September 2026) |
| Outlook | This change will have no impact on the company's performance. Should any matters requiring disclosure arise, we will promptly announce them. |
| Planned follow-up disclosure | Should any matters requiring disclosure arise in connection with this change, we will promptly announce them. |
Items this document does not state (15)
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.This was because KANDB's voting rights ratio fell below 20% as a result of the enforcement of the security transfer agreement between KANDB and a third party, followed by the sale of the company's shares and other transactions. The company explains that it had not received prior notification from KANDB and had not sufficiently confirmed the contents of KANDB's substantial shareholding report.