TOKYO, Mar 16 (Pulse News Wire) – Happiness And D CO.,LTD. (3174.T) announced significant changes in its controlling shareholders effective December 18, 2025.
Former controlling shareholders Ta Atsushi and Ta Yutetsu ceased to qualify as controlling shareholders due to a reduction in their voting rights following the exercise of warrants issued on November 4, 2025. Ta Atsushi, who was previously a director of the company, held direct shares and attributed shares totaling 13,627 votes prior to the change. Post-change, his holdings decreased to 13,627 votes, comprising 5,925 direct shares and 7,702 attributed shares. Similarly, Ta Yutetsu, the company's former president, saw his shareholdings drop from 13,627 votes to the same total post-exercise, consisting of 5,232 direct shares and 8,395 attributed shares.
The company stated that these changes would not impact its management structure or performance outlook. As of December 18, 2025, the total number of outstanding shares used to calculate voting rights was adjusted to 2,891,600 shares, incorporating the issuance of 150,000 new shares. Voting rights percentages were rounded to the nearest thousandth. This adjustment marks a notable shift in the company’s governance landscape without altering its strategic direction or operational forecasts.
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