TOKYO, Apr 20 (Pulse News Wire) – TBS Holdings,inc. (9401.T) reported that as of March 31, 2026, foreign shareholders held voting rights exceeding the threshold set by the Ministry of Internal Affairs and Communications.
According to the report, foreign shareholders own shares corresponding to 28.84% of total outstanding shares, which exceeds the regulatory limit. The company disclosed this information due to its status as a recognized broadcasting holding company under Japanese law. Under the Broadcasting Law, if the combined direct and indirect holdings of foreign entities exceed 25%, the recognition of the company as a broadcasting holding firm could be revoked.
As such, the company has the right to refuse to record foreign shareholders in the shareholder registry. This disclosure is mandated by law, requiring TBS Holdings to publish such information every six months when the percentage reaches or surpasses 20%. The latest notice was published in the morning edition of the Mainichi Shimbun newspaper on April 21, 2026.
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