Real Gate's representative director, Yutaka Iwamoto, has disclosed a larger position in the company. A change report filed on May 29 put his holding at 729,000 shares and share subscription rights, or 11.89% of outstanding stock, up from 9.70% in the previous report. The filing counts 343,000 ordinary shares and 386,000 share subscription rights.
The jump was not left to imagination. The No.4 report says the filing was triggered because the holding ratio rose by more than 1 percentage point, and it lists 136,000 share subscription rights acquired on November 26, 2025.
The wider May 29 sequence shows the position still shifting. An earlier report showed Iwamoto at 9.70%, up from 8.22%, while a later one put the holding at 742,800 shares and rights, or 12.03%, in connection with a lock-up letter and a stock-lending agreement. That later filing also disclosed a 55,600-share lending arrangement with Daiwa Securities.
This remains a point-in-time ownership disclosure, not evidence of a takeover or activist campaign. But it does show Real Gate's representative director with a materially larger disclosed stake than before, which is the governance point investors are likely to notice first.