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A 5.63% Yokohama Rubber stake is not a plain equity bet

A joint report from Sumitomo Mitsui DS Asset Management and SMBC Nikko Securities disclosed 9,373,347 shares, or 5.63%, based on May 29 holdings. The same filing also describes substantial borrowed and lent shares, so this is not a plain-vanilla long-only line.

Jun 5, 20261 min read
Editorial illustration of industrial tires with abstract arrows showing borrowed and lent share positions.

A June 5 large-shareholding filing for Yokohama Rubber Co., Ltd. reported 9,373,347 shares, or 5.63% of the company. The report was submitted jointly by Sumitomo Mitsui DS Asset Management and SMBC Nikko Securities.

Across the two filers, the position splits into 7,017,200 shares and 2,356,147 shares. The same filing also says 2,366,400 shares were borrowed from 13 parties and 2,312,200 shares were lent to 3 parties under stock lending agreements.

That matters because the headline 5.63% number gives the size of the disclosed stake, but the same report also shows borrowing and lending around it. In other words, this is not just a tidy count of cash shares sitting still.

The practical takeaway is narrow but useful: Yokohama Rubber has a disclosed 5.63% position from these two filers, but the document is tied to a specific base date, May 29, rather than spelling out what happens next.