Hikari Tsushin has newly joined the ranks of SBI Insurance Group's major shareholders, with its holding ratio rising significantly. It acquired the shares through an in-kind contribution, and its shareholder ranking changed to 2nd.
On 23 October, SBI Insurance Group announced that Hikari Tsushin had newly become a major shareholder. Hikari Tsushin contributed 2,354,800 shares in kind, bringing its holding to 2,603,000 shares. The in-kind contribution was made on 14 October, and the change was confirmed in the large-volume shareholding report filed with the Director-General of the Kanto Local Finance Bureau on 21 October.
The combined holding ratio of Hikari Tsushin and its joint holder Sakura General Insurance was 10.64%, while the voting rights ownership ratio rose to 10.49% from 1.00%.
Following the change, Hikari Tsushin's purpose of holding was stated as "pure investment," and its shareholder ranking in SBI Insurance Group changed from 7th to 2nd.