Otsuka Holdings announces change in major shareholder

Otsuka Holdings (TSE:4578) announced a change in its major shareholder composition, effective March 19, 2025, following a share repurchase. The Nomura Trust and Banking Co., Ltd., acting as trustee for the Otsuka Founder's Shareholding Association Trust Account, experienced an increase in its voting rights ratio from 9.92% to 10.00%. This change is attributed to the company's repurchase of shares, which reduced the total number of outstanding shares from 557,835,617 to 552,024,717, increasing the relative proportion of shares held by Nomura Trust. While the total number of shares held by Nomura Trust decreased from 53,854,779 to 52,952,579 the associated voting rights have increased to 10% due to the overall reduction in the total share count. The company maintains that this shift will not impact its business operations. Nomura Trust remains the second largest shareholder.