NHK Spring Sees Major Shareholder Change After Equity Sale

TOKYO, Jun 29 (Pulse News Wire) – NHK Spring CO.,LTD. (5991.T) reported a significant shift in its major shareholder status due to a sale of shares by Mitsubishi UFJ Trust and Banking Corp.'s Retirement Benefit Trust for Daihatsu Special Steel Co.

On June 25, 2026, the company received notice that Mitsubishi UFJ had sold part of its holdings, reducing its stake below the threshold for major shareholder status. Prior to the transaction, Mitsubishi UFJ held 223,920 voting rights, representing 22,392,000 percent of total shareholders' voting rights, placing it as the second-largest shareholder. Post-sale, their holding dropped to 203,358 voting rights, accounting for 20,335,800 percent of total voting rights as of June 25, 2026. The calculation of pre- and post-change voting rights percentages was based on the total number of outstanding shares as of March 31, 2026, which stood at 231,066,144.

Deducting non-voting shares totaling 27,605,944 left a base of 2,034,602 voting rights for the total shareholder count. Notably, while the top-ranked major shareholder position remains unchanged with Japan Master Trust Bank (Trust Account), it does not qualify as a major shareholder under Financial Instruments and Exchange Act Article 163(1)(ii). Additionally, the post-transaction data reflects Mitsubishi UFJ's self-reported figures without independent verification by NHK Spring. Looking ahead, NHK Spring stated there are no further developments to report beyond the shareholder notification.