Showa Holdings Secures Preliminary Injunction Against Subsidiary Shares Disposal

TOKYO, Jul 13 (Pulse News Wire) – Showa Holdings CO.,LTD. (5103.T) secured a preliminary injunction from the Tokyo District Court prohibiting Wedge Holdings Corp.

And Nihonbashi Honmachi Confectionery Store from disposing of shares held by Showa Holdings. The court granted the injunction, preventing Wedge Holdings and Nihonbashi Honmachi Confectionery Store from transferring or setting collateral on the disputed shares. Specifically, the injunction covers ordinary shares in Nihonbashi Honmachi Confectionery Store amounting to 13,077, Tomorrow Food Corporation's 4,032 ordinary shares, 9,540 ordinary shares of Showa Rubber Co., Ltd., and 540 ordinary shares of Lumens Corporation. Additionally, Nihonbashi Honmachi Confectionery Store is barred from transferring or canceling its ordinary shares in Wedge Holdings totaling 10,826,100.

This decision stems from previous disputes involving loans and guarantees between Showa Holdings and its subsidiaries. On September 26, 2025, and June 25, 2026, Showa Holdings disclosed issues related to share pledges and subsequent transfers. In light of this ruling, Showa Holdings filed for the preliminary injunction on June 26, 2026, to prevent further unauthorized disposal of the shares. The company asserts that it remains the rightful owner of these shares and plans to pursue legal action to reclaim them through appropriate channels.

Any third-party dealings post-injunction could face challenges due to the ongoing dispute over share ownership.