The founding-family holders of AS ONE CORPORATION now own 9.30% of the company, down from 12.63%, after their tendered shares were settled on October 6. The figures come from a large-shareholding change report (report No. 64) filed on October 8 with the Kinki Local Finance Bureau.
The filing completes the founding-family company's tender of 2.5 million shares and adds the post-sale ownership table.
Where the stake stands
The filers are a real-estate leasing company set up by AS ONE's former representative director, and a member of the founding family who is that company's representative director. They report jointly. The company's holding fell to 5,066,292 shares, or 6.75% of 75,012,540 shares outstanding, from 10.09% in the previous report. The individual holds 1,911,272 shares, or 2.55%, the same ratio as in the previous report. Together they hold 6,977,564 shares.
The company's disposal of 2,500,000 shares (3.33% of the total) was an off-market transaction at ¥2,151 a share on October 6. The filing says the shares were tendered on August 7, the offer succeeded on September 7, and settlement was completed on October 6. It gives the reason for the report as a reduction of one percentage point or more in the holding ratio together with completion of the tender agreement for the company's own shares. Japanese law requires an amended report when a major holder's ratio moves by that much.
Still a long-term holder, with strings attached
Both filers state the same purpose: long-term holding as stable shareholders. Neither reports any significant proposal activity.
The shares are also collateral. The company reports pledging 1.6 million shares to Resona Bank, 480,000 to MUFG Bank, 800,000 to Sumitomo Mitsui Banking Corporation and 2.1 million to Mizuho Bank. The filing does not say how the tender proceeds were used. The individual holder reports a securities lending contract for 1,768,600 shares in which the individual is the lender and Mizuho Securities is the counterparty, running from October 1 to December 25, 2026, and a separate 120,000-share pledge agreement with Sumitomo Mitsui Banking Corporation.
The funding table for the company's holdings lists ¥1.80bn of borrowings from Resona Bank and a ¥600mn private bond, alongside own funds.