Daio Paper Corporation [9388.F]
TOKYO, May 15 (Pulse News Wire) – PapaNets Co., Ltd. (9388.T) reported changes in its controlling and major shareholders due to recent transactions.
On March 21, 2025, and June 30, 2025, the company experienced shifts in shareholder status following the issuance of additional shares for its Fukuoka Securities Q-Board listing and the exercise of subscription rights. Previously, Mr. Hisahiro Nakamoto was identified as a non-affiliated controlling shareholder. However, his shareholding decreased due to the sale of some ordinary shares and loaning others for oversubscription purposes, reducing his voting rights to below the threshold for controlling shareholder status. As a result, he ceased to be considered a non-affiliated controlling shareholder effective March 21, 2025.
Additionally, Mr. Nakamoto's position as a major shareholder also changed. Following the exercise of all second tranche subscription rights issued in March 2018 on June 30, 2025, his voting rights ratio dropped further, rendering him no longer classified as a major shareholder. Details of the changes are as follows: Controlling Shareholder Status Change: - Name: Hisahiro Nakamoto - Location: Saitama, Kitakatsushika Gun Matsubushi Machi - Voting Rights Before Change: 8,690 shares (as of February 17, 2025; calculated based on total voting rights of 13,000,000 shares minus non-voting shares of 4,310,000) - Voting Rights After Change: 7,390 shares (as of March 21, 2025; calculated based on total voting rights of 13,130,000 shares minus non-voting shares of 130,000) Major Shareholder Status Change: - Name: Hisahiro Nakamoto - Location: Saitama, Kitakatsushika Gun Matsubushi Machi - Voting Rights Before Change: 1,890 shares (as of May 31, 2025; calculated based on total voting rights of 16,950 shares) - Voting Rights After Change: 1,890 shares (as of June 30, 2025; calculated based on total voting rights of 19,170 shares) The company acknowledged delays in reporting these changes and apologized for any inconvenience caused. PapaNets stated that these changes would not impact its operations or performance.
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