Strategic Capital has cut its reported holding in Sanyo Denki to 14.84%, according to a June 1 change report. The filing lists 5,775,100 shares held against 38,916,561 shares outstanding, and says the previous reported ratio was 15.89%.
The cover page says the filing requirement arose on May 25 because the shareholding ratio had decreased by 1% or more. It also shows one filer/joint holder in total, so the disclosed move sits with Strategic Capital alone in the excerpted report.
The visible rows in the 60-day trading table show purchases of 14,300 shares on March 27, 24,900 on March 30, 20,100 on March 31, 300 on April 1, 2,100 on April 2 and 100 on April 3. Disposals then begin on April 22, including 13,900 shares on-market and 1,200 shares off-market, with the off-market transaction listed at ¥5,215 a share.
These reports can read like a spreadsheet in a suit. The usable point is simpler: Strategic Capital's disclosed Sanyo Denki stake is now below 15%, and the filing says the drop was large enough to prompt a new report. The supplied excerpt does not say why the position was reduced, or whether more trading is coming.