GO’s first day as a listed company also brought a sharp rewrite of its register. In a June 16 notice, GO said a share sale by major shareholders tied to its TSE Growth Market listing cut DeNA’s voting-rights stake to 4.99% from 25.75%, ending DeNA’s status as GO’s “other related company”, major shareholder and leading shareholder. NTT Docomo’s stake fell to 3.66% from 18.28%, so it too ceased to be a major shareholder.
| Shareholder | May 14 | June 16 | Status after |
|---|---|---|---|
| DeNA | 20,000,000 shares, 25.75%, No. 1 | 3,876,000 shares, 4.99%, No. 3 | No longer other related company, major shareholder, or leading shareholder |
| NTT Docomo | 14,198,400 shares, 18.28%, No. 3 | 2,839,600 shares, 3.66%, No. 5 | No longer major shareholder |
The mechanics matter. GO’s issued share count was unchanged at 77,679,600 shares before and after the move, which means this notice describes a secondary sell-down and redistribution of ownership, not new dilution from additional shares. DeNA dropped from 20,000,000 shares to 3,876,000 and from first to third in the ranking. NTT Docomo fell from 14,198,400 shares to 2,839,600 and from third to fifth.
For investors, that leaves GO entering public trading with a less concentrated register than it had a month ago, and it removes DeNA’s earlier “other related company” status from the governance picture. GO did not name the buyers in this notice, and it said the ownership changes had no effect on earnings. It also said there was no change in any disclosable non-listed parent structure.