Source disclosure: January 07, 2026
HIKARI BUSINESS FORM CO.,LTD. [3948.T]
TOKYO, Jan 07 (Pulse News Wire) – HIKARI BUSINESS FORM CO.,LTD. (3948.T) reported significant changes in its major shareholders as of December 31, 2025.
According to the latest shareholder registry received on January 07, 2026, the primary shareholder status shifted from NAIWAI PLACE Co., Ltd. to Be Brave Corporation. NAIWAI PLACE Co., Ltd., previously holding the top position with 1,000,000 shares, now holds 550,000 shares, dropping to the second-largest stakeholder. In contrast, Be Brave Corporation, which held 30,000 shares earlier, increased its holdings to 581,000 shares, becoming the largest shareholder. The capital structure adjustments reflect a shift in voting rights distribution among stakeholders.
Prior to the changes, NAIWAI PLACE Co., Ltd. had a substantial influence with nearly 10% of total outstanding shares, while Be Brave Corporation's initial share was less than 1%. Post-adjustment, Be Brave Corporation now commands approximately 10% of the total outstanding shares, surpassing NAIWAI PLACE Co., Ltd.'s previous dominance. The company stated that these changes would not impact its fiscal year 2025 results. As of December 31, 2025, the total number of outstanding shares stood at 14,890,000, with non-voting shares amounting to 1,200,000 prior to the adjustment and 1,300,000 after the adjustment.
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