Ncxx Group resolves voting rights dispute at ZED Holdings

Ncxx Group announced the Tokyo District Court’s approval of its provisional disposition order regarding a voting rights exercise ban on Kucim Co., Ltd., related to its consolidated subsidiary, ZED Holdings. The court rejected Kucim’s objection on August 27, 2025, upholding the initial August 13, 2025, decision. This decision supports Ncxx Group’s challenge to Kucim's voting rights exercise at ZED Holdings' general meeting, which was called based on a July 4, 2025, convocation permission by the Osaka District Court Sakai Branch.

The court's approval affirms the legitimacy of the transfer of 31,549 common shares of ZED Holdings to CAICA Financial Holdings Co., Ltd. (CAICA FHD) as payment in kind on February 3, 2025, and Ncxx Group’s subsequent acquisition of these shares from CAICA FHD. This outcome is expected to ensure fair corporate governance and enhance the stable corporate value of ZED Holdings.

In a separate announcement, Ncxx Group modified its shareholder benefit program due to the closure of "Hanamaki Minami Onsenkyo Watari Onsen." The revised program, effective from May 31, 2025, offers accommodation discounts at five alternative Hanamaki City hot spring inns for a year, with benefits varying from 1,000 yen to 1,500 yen off per person per night for shareholders holding 100 or more shares.