As of 31 August 2026, Asset Value Investors Limited ceased to be a major shareholder and the largest shareholder, and Yagi Tsusho Co., Ltd. became the new largest shareholder. Following the change, Yagi Tsusho's voting rights ownership ratio was 12.88%, ranking first among major shareholders.
Sanyo Shokai Co., Ltd., Asset Value Investors Limited, Yagi Tsusho Co., Ltd.
The company confirmed the change based on the Change Report submitted by Asset Value Investors Limited to the Kanto Local Finance Bureau on 7 September 2026. The specific reasons for the acquisition, sale or other transactions involving the shares are Not disclosed.
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
Asset Value Investors Limited: 13,329 units (1,332,900 shares), 13.35%, ranked first (as of 22 April 2026). Yagi Tsusho Co., Ltd.: 11,315 units (1,131,500 shares), 11.16%, ranked second (as of 28 February 2026)
Asset Value Investors Limited: 23,671 units (2,367,100 shares), 8.98%, no ranking among major shareholders (as of 31 August 2026). Yagi Tsusho Co., Ltd.: 33,945 units (3,394,500 shares), 12.88%, ranked first (as of 31 August 2026)
No special matters.
Kanto Local Finance Bureau
No special matters.
| Item | Details |
|---|---|
| Event name | Change in a major shareholder and the largest major shareholder |
| Date of occurrence | Dated 31 August 2026 |
| Date recognized / date notice received | 7 September 2026 (the date on which the Change Report was submitted by Asset Value Investors Limited to the Kanto Local Finance Bureau and the company confirmed the change) |
| Subject Entity | Sanyo Shokai Co., Ltd., Asset Value Investors Limited, Yagi Tsusho Co., Ltd. |
| Cause | The company confirmed the change based on the Change Report submitted by Asset Value Investors Limited to the Kanto Local Finance Bureau on 7 September 2026. The specific reasons for the acquisition, sale or other transactions involving the shares are Not disclosed. |
| Impact on Earnings Forecast | No special matters. |
| Court or authority | Kanto Local Finance Bureau |
| Voting rights ownership percentage before the change | Asset Value Investors Limited: 13,329 units (1,332,900 shares), 13.35%, ranked first (as of 22 April 2026). Yagi Tsusho Co., Ltd.: 11,315 units (1,131,500 shares), 11.16%, ranked second (as of 28 February 2026) |
| Voting rights ownership percentage after the change | Asset Value Investors Limited: 23,671 units (2,367,100 shares), 8.98%, no ranking among major shareholders (as of 31 August 2026). Yagi Tsusho Co., Ltd.: 33,945 units (3,394,500 shares), 12.88%, ranked first (as of 31 August 2026) |
| Outlook | No special matters. |
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 company confirmed the change based on the Change Report submitted by Asset Value Investors Limited to the Kanto Local Finance Bureau on 7 September 2026.