TOKYO, Mar 25 (Pulse News Wire) – Hiraga CO.,LTD. (7863.T) announced today that its largest shareholder, Snowball Capital Corporation, has been reclassified as a related party due to recent board appointments.
According to the company, Honda Kano, who was appointed as an external director of Hiraga CO.,LTD. Following necessary confirmation procedures completed on January 09, 2026, Snowball Capital Corporation was deemed to exert significant influence over the company's financial and operational policies, qualifying it as a related party. Snowball Capital Corporation holds 1,115,300 shares of Hiraga CO.,LTD. The firm’s capital is ¥7.8 million. It was established on March 06, 2018, and currently has net assets of ¥188.7 million and total assets of ¥2.527 billion.
As of September 30, 2025, Snowball Capital Corporation owned 11,153 voting rights, representing 38.81% of the outstanding shares. Prior to the reclassification, Snowball Capital Corporation was classified as the primary major shareholder. Post-reclassification, it is now categorized as a related party. The number of voting rights remains unchanged at 11,153, but the classification reflects the increased influence over the company's decision-making processes. This reclassification does not anticipate any impact on the company's performance or operations going forward.
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