Ultimate Classic Investment LLC, a Dubai-based company set up in October 2025, reports holding 20.02% of Media Kobo, a Tokyo Growth market-listed company. The stake came from a third-party allotment of shares and subscription rights on 21 October 2026, according to a large-shareholding report filed with the director-general of the Kanto Local Finance Bureau on 22 October. Japan's rules require such a report once a holder passes 5%.
What the stake consists of
The holder acquired 1,028,400 ordinary shares at ¥389 each, listed in the report as 8.01%, and subscription rights over 1,542,600 shares, priced at ¥173 per right with each right covering 100 shares, listed as 12.01%. Both purchases were off-market and both were third-party allotments.
The two lots total 2,571,000 shares. The 20.02% figure counts the 1,542,600 shares underlying the rights in both the holding and the denominator, alongside 11,300,000 shares outstanding as of 5 October 2026. The report lists the rights as potential shares, and it does not say whether or when they will be exercised. The report leaves blank the field for the holder's prior reported ratio.
Funded by debt
The holder put in no own funds. The whole acquisition budget of ¥402.7mn came from borrowings, and the report names Emirates Islamic Bank as the lender. It gives no rate, tenor or security terms for the loan, and it says there are no collateral or other material contracts relating to the shares.
Stated intent
The report gives the holding purpose as pure investment: the holder says it respects the current management's policies and intends to support medium- to long-term corporate value. It records no material proposal activity. The filer describes its business as investing in, establishing and managing technology and general commercial companies, and investing in, establishing and developing healthcare companies. The report does not say why the holder chose Media Kobo.
The holder's stake is a mix of shares already issued and rights not yet exercised, so voting weight depends on exercise. A pure-investment declaration is also a statement of present intent, not a commitment.