The largest shareholder of 三陽商会 changed from AVI to Yagi Tsusho, and AVI's holding ratio declined from 13.35% to 8.98%. Yagi Tsusho's holding ratio also rose, and AVI filed a change report.
三陽商会 announced that, as of 8 August, its largest shareholder had changed from the UK investment fund AVI to Osaka-based Yagi Tsusho. AVI's holding ratio on a voting-rights basis declined from 13.35% to 8.98%.
On 31 August, Yagi Tsusho's holding ratio on a voting-rights basis rose from 11.16% to 12.88%. AVI filed a change report with the Kanto Local Finance Bureau reflecting a decrease in its holding ratio. US activist fund Sapphire Terra Capital also reduced its holding ratio.
三陽商会's share price declined for 10 consecutive business days from 26 August.