Ushio Inc. announces change in major shareholder

Ushio INC. (TSE:6925) announced today, April 14, 2025, a change in its major shareholder structure. This development follows a Change Report pertaining to Report of Possession of Large Volume submitted by M&G Investment Management Limited and its joint holder, M&G Investments (Singapore) Pte. Ltd., to the Kanto Local Finance Bureau, dated April 11, 2025. As of April 4, 2025, M&G holds 9,502,500 shares, representing 10.70% of the total voting rights, a change from its previous holding of 9,760,100 shares, which represented 9.50% of the total voting rights as of August 30, 2024. The company confirms that the change in shareholding does not affect its business forecast.