Nihon Kohden announces change in largest shareholder

Nihon Kohden Corporation (TSE:6849) announced a change in its largest shareholder as of May 16, 2025. The change follows a Report of Possession of Large Volume submitted to the Kanto Local Finance Bureau. Sprucegrove Investment Management Ltd. is identified as the shareholder subject to this change. The announcement details that before the change (as of April 21, 2025), Sprucegrove held 177,508 units (17,750,800 shares), representing 10.88% of voting rights. After the change (as of May 16, 2025), their holdings decreased to 159,241 units (15,924,100 shares), accounting for 9.76% of voting rights. The company notes that it cannot confirm the ranking among major shareholders due to reliance on the submitted report. Nihon Kohden states that there are no particular matters to be stated regarding future outlooks, as this matter is based on the Report of Possession of Large Volume.