A holding company set up by AS One Corporation's former representative director has agreed to tender 2.5 million of its shares into the Tokyo-listed lab and industrial supplier's own share buyback, according to an amended large shareholding report filed with Japan's Kinki Finance Bureau. The filing, the 61st amendment to the group's original large-holding disclosure, records two changes dated August 7, 2026: the signing of a tender-offer application agreement and a partial release of a bank pledge on shares held by the same filer.
The filer is a limited liability company engaged in real estate leasing, founded in November 1979 by AS One's former representative director, and run today by an individual who also files jointly as the second reporting party. The holding company's stated purpose is to maintain a long-term, stable shareholding in AS One. The individual co-filer, filing separately, describes her own purpose as holding her stake as a member of the founding family.
The headline numbers moved only at the margin. The holding company itself still controls 7,566,292 AS One shares, or 10.09% of the 75,012,540 shares outstanding, unchanged from its prior report. The individual co-filer's stake slipped to 1,911,272 shares, or 2.55%, from 2.56% previously, after she gave away 6,000 shares in an off-market gift on July 14, 2026. Combined, the pair's holding fell marginally to 9,477,564 shares, or 12.63% of the company, from 12.64%.
| Holder | Shares | Current ratio | Prior ratio |
|---|---|---|---|
| Holding company (real estate leasing arm) | 7,566,292 | 10.09% | 10.09% |
| Family officer (individual co-filer) | 1,911,272 | 2.55% | 2.56% |
| Combined joint holding | 9,477,564 | 12.63% | 12.64% |
The collateral picture is the more detailed part of the filing. The holding company has pledged shares across four lenders: 1.6 million shares to Resona Bank, 480,000 to Mitsubishi UFJ Bank, 800,000 to Sumitomo Mitsui Banking Corporation, and 2.1 million to Mizuho Bank. The Resona pledge had stood at 2 million shares before this filing; the bank released 400,000 of those shares on August 7, the same day the holding company signed its agreement to tender 2.5 million shares into AS One's self-tender offer. The filing does not say whether the two events are linked; it simply reports both under the same trigger date.
The individual co-filer has her own separate arrangements on record: a stock-lending agreement with Mizuho Securities covering 1,768,600 shares, running from July 1 to September 25, 2026, and a pledge of 120,000 shares to Sumitomo Mitsui Banking Corporation. The filing also details how the holding company originally financed its stake: ¥2.01bn from its own funds, ¥1.80bn borrowed from Resona Bank, and ¥600mn raised through a private bond issue, for total historical funding of ¥4.41bn.
The filing does not specify the total size, price, or closing date of AS One's self-tender offer. This amendment covers only this shareholder's tender commitment and the collateral release; it is silent on the buyback's broader terms.