TOKYO, Mar 19 (Pulse News Wire) – Nichiryoku CO.,LTD. (7578.T) amended previously disclosed shareholder information due to an oversight.
In filings dated June 29, 2021, June 28, 2022, June 30, 2023, June 28, 2024, and June 30, 2025, the company failed to list Value-Up Fund Investment Limited Partnership as a controlling shareholder alongside Aristagora Advisors Corp. The amendment clarifies that Value-Up Fund holds 54.82%, 46.76%, 43.79%, 43.85%, and 43.85% voting rights respectively as of March 31, 2021, March 31, 2022, March 31, 2023, March 31, 2024, and March 31, 2025. Additionally, Aristagora Advisors Corp. was identified as having significant influence over NichiRoku's operations due to its role in managing the fund and providing key personnel.
Both companies operate without special transactions but offer valuable insights into NichiRoku’s management decisions. Key executives such as Masaya Shinoda, president of NichiRoku, serve as representatives for Aristagora Advisors, while Shunji Takami, external director of NichiRoku, acts as an executive advisor. Independent decision-making processes remain intact, with important matters requiring approval from three external directors and two external auditors during board meetings. This ensures NichiRoku maintains operational independence despite shared leadership roles.
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