Marvelous Reports Tencent Holdings As Major Controlling Shareholder

TOKYO, May 15 (Pulse News Wire) – Marvelous Inc. (7844.T) reported that Tencent Holdings Limited holds 20% of its voting rights indirectly through its wholly-owned subsidiary, Image Frame Investment (HK) Limited.

According to the disclosure, Tencent Holdings Limited owns 20% of Marvelous Inc.'s shares via Image Frame Investment (HK) Limited, making it the major controlling shareholder as of March 31, 2026. Marvelous Inc. operates independently despite Tencent's significant shareholding.

The company receives one director from Tencent Japan GK but maintains its own decision-making processes through its board of directors, which includes eight members (six external directors) and four auditors (three external). This structure ensures Marvelous Inc.’s operational independence while fostering close cooperation aimed at continuous growth and performance enhancement. No significant transactions involving the controlling shareholders were disclosed.