GEOLIVE Group Corporation [3157.T]
TOKYO, Apr 01 (Pulse News Wire) – GEOLIVE Group Corporation (3157.T) announced changes in its major shareholders due to a share transfer. As of April 01, 2026, Sumitomo Forestry Co., Ltd.
Acquired all shares previously held by Benia Shohō Co., Ltd., making Sumitomo Forestry a significant stakeholder. Sumitomo Forestry, headquartered in Tokyo, Chiyoda Ku Ootemachi Ichi Choume 3-2, now holds the largest number of voting rights at 4,021,019 shares, moving up to the top position from ninth place. Prior to the transfer, Sumitomo Forestry held 1,235,000 shares, representing 9.15% of total outstanding shares. In contrast, Benia Shohō, which was previously the leading shareholder with 3,608,389 shares, will no longer qualify as a major shareholder post-transfer.
Capital contributions for Sumitomo Forestry stand at ¥55.33 billion and for Benia Shohō at ¥59 million. Sumitomo Forestry operates in forestry, wood and building materials trading, manufacturing, processing, and sales, along with construction services and real estate management. Benia Shohō's primary activity was investing in equities. The company stated there would be no impact on consolidated performance from this transaction.
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