Waseda Academy announces change in major shareholder composition

Waseda Academy Co., Ltd. announced a change in its major shareholder composition, according to a shareholder register update received on March 31, 2025. The shareholder subject to the change is Shinichi Kawabata, residing in Shibuya-ku, Tokyo. The number of voting rights held by Kawabata remains consistent at 18,500 units (1,850,000 shares) both before (September 30, 2024) and after (March 31, 2025) the change, representing 10.10% and 9.96% of total voting rights respectively. Kawabata maintains the 2nd position in the ranking among major shareholders. As of September 30, 2024, the total number of voting rights held by all shareholders was 183,163, calculated from 19,012,452 issued shares less 696,152 shares without voting rights. By March 31, 2025, this number changed to 185,585, derived from the same number of issued shares less 453,952 shares without voting rights. The company anticipates no impact on business performance as a result of this shift.