Sanyo Shokai's share price fell for a 10th straight session, with the partial sale of holdings by British and US investment funds coming to light. The holdings of both firms were reported to have declined as of the dates on which their disclosure obligations arose at the end of August.
Sanyo Shokai, a major apparel company, was trading at around ¥1331 as of 13:40 on 8 September, down approximately 5.7% from the previous day, marking its 10th consecutive decline. The article reports that US asset manager Sapphireterra Capital reduced its holding in the company from 8.12% to 4.97%, while the holding of UK investment fund Asset Value Investors fell from 13.07% to 7.74%. The date on which the disclosure obligation arose for both holdings was 31 August.
On 28 August, Sanyo Shokai revised its consolidated earnings forecast for the first half of the fiscal year ending February 2027 downward, projecting operating and ordinary losses. Both firms are believed to have engaged in profit-taking sales of the shares following the earnings revision. The resulting retreat in speculation over supply and demand is cited as a factor behind the share price decline.