Otsuka Holdings: Founder shareholder change due to partial refund

Otsuka Holdings (TSE:4578) announced a change in its major shareholder composition, effective May 7, 2025. This shift occurred because of a partial share refund from the Otsuka Founders Shareholding Fund, chaired by Chairman Ichiro Otsuka. Consequently, Nomura Trust and Banking Co., Ltd., acting as a trustee for the Otsuka Founder's Shareholding Association Trust Account, saw its stake decrease. Before the change, the trust held 52,952,579 shares, representing 10.00% of total voting rights, placing it as the second-largest shareholder. Following the refund, the trust now holds 52,679,679 shares, which is 9.98% of total voting rights, maintaining its position as the second-largest shareholder. Otsuka Holdings has clarified that this change will not impact its business or management performance. The company's total shares outstanding remain at 552,024,717 shares.