Two shareholders of Storage-Oh Co., Ltd. (TSE: 2997) have sold every share they held, ending a combined ownership block that had stood at 26.10% according to the previous large-shareholding report on file. A change report filed with Japan's Fukuoka Local Finance Bureau on August 25, 2026 shows both holders tendered their full positions into a tender offer that closed on August 21.
The larger of the two sellers, a Fukuoka-based company active in real estate, environmental services and equipment rental, held 24.00% of Storage-Oh and disposed of all 444,800 of its shares. The second seller, a Fukuoka leasing company, held 2.10% and disposed of its 39,000 shares. Both sales were off-market, at ¥1,340 per share, under a tender offer agreement the sellers signed with the bidder on July 8, 2026.
| Holder | Stake before tender | Shares tendered | Stake after tender |
|---|---|---|---|
| Real estate, environmental and equipment-rental investor (Fukuoka) | 24.00% | 444,800 | 0.00% |
| Leasing company (Fukuoka) | 2.10% | 39,000 | 0.00% |
| Combined group total | 26.10% | 483,800 | 0.00% |
The tender offer ran from July 9 to August 21, 2026. A tender offer report stating that the bidder would purchase all tendered shares was filed on August 24, with settlement due to begin August 28. Storage-Oh has 1,854,000 shares outstanding in total, so the two sellers' combined stake represented roughly a quarter of the company before the offer.
Both sellers describe their holding purpose as "pure investment" and report no material proposals tied to their stakes, the standard language for large blocks held without a board seat or strategic agenda. What the filing does not resolve for outside readers is the bidder's ultimate plan for the shares once settlement begins on August 28, since a shareholder change report only records what left one set of hands, not what the buyer intends to do with a stake that, combined with any other tendered shares, could shift control of the company.