Muraki Murasaki Corp Begins Review on Suspected Coordination Between Shareholders

TOKYO, Jun 24 (Pulse News Wire) – Muraki Corporation (7477.T) initiated a review on suspected coordination between shareholders Ikuyo Co. (code: __TICKER_17__) and Blue Goats Capital Co.

On June 23. The board also sought advice from the independent committee established in April 2025. As of March 31, 2026, the combined shareholding ratio exceeded 20%. Both companies made significant stock purchases in January and April 2026, followed by proposals to appoint directors and. The independent committee will determine whether their actions constitute coordinated behavior based on the acquisition response policy introduced in April 2025.

Ikuyo acquired shares worth 250,000 on January 19, while Blue Goats Capital bought 33,100 shares on April 9. On April 21, Ikuyo proposed six candidates for director positions, and on April 27, Blue Goats Capital nominated seven candidates, five of whom overlapped with Ikuyo's proposal. Both companies also requested the abolition of the acquisition response policy. The board will respect the independent committee’s recommendation and take necessary measures against non-compliant acquisitions if deemed harmful to the company’s value and shareholder interests. Details of the investigation and future steps will be disclosed transparently on the company website.