Capital Research and Management Company and three Capital International entities jointly hold 103,770,581 shares of IHI, equal to 9.58% of the shares outstanding. The previous report put the group at 7.75%. The holders say the position is a pure investment.
The four entities filed Change Report No. 9 with the Kanto Finance Bureau on 22 October 2026, covering a reporting-obligation date of 15 October. The stated trigger is that both the individual and the combined holding ratios rose by 1% or more. Under Japan's Financial Instruments and Exchange Act, holders above 5% of a listed company's shares must file such reports, and changes of 1% or more require an update.
Where the shares sit
Capital Research and Management Company, based in Los Angeles, holds almost all of it: 96,084,246 shares, or 8.87%, up from 7.23%. That total includes 387,757 US depositary receipts, each counted as one ordinary share. Its stated purpose is pure investment on behalf of investment trusts for clients outside Japan.
The three Capital International entities are small by comparison, and two of them moved in different directions. Capital International, Inc. slipped to 0.28% from 0.29%. Capital International Sarl rose to 0.30% from 0.23%. Capital International Limited reports 0.13%, with no prior ratio entered. All three describe their purpose as ordinary pure investment for institutional clients.
| Holder | Shares held | Holding ratio | Prior report |
|---|---|---|---|
| Capital Research and Management Company | 96,084,246 | 8.87% | 7.23% |
| Capital International, Inc. | 3,046,078 | 0.28% | 0.29% |
| Capital International Sarl | 3,246,757 | 0.30% | 0.23% |
| Capital International Limited | 1,393,500 | 0.13% | Not stated |
| Combined | 103,770,581 | 9.58% | 7.75% |
The ratios use 1,082,759,678 IHI shares outstanding as of 15 October 2026.
A lending agreement in the filing
The report also discloses a securities lending agreement between Capital Research and Management Company and JPMorgan Chase & Co. The agreement covers 5,884,243 shares and is marked as changed. The other three holders report no collateral or material contracts.
The report gives no reason for the increase beyond the threshold trigger, and it carries no purchase prices or dates for individual trades.