I-ll's Mr. Iwamoto no longer a non-parent controlling shareholder

I-ll Co., Ltd. announced a change in the status of its controlling shareholder other than the parent company. As of December 9, 2024, Tetsuo Iwamoto, the company's representative director and president, will no longer be categorized as such. This change follows Mr. Iwamoto's sale of a portion of his shares in I-ll through a ToSTNeT-2 transaction on December 6, 2024, as part of a stock supply-demand buffering trust.

Prior to the change, as of July 31, 2024, Mr. Iwamoto held 32,820 directly owned voting rights (13.12%) and 97,680 voting rights categorized as "aggregate対象分" (39.04%), totaling 130,500 voting rights (52.15%). Post-change, his directly owned voting rights will decrease to 20,320 (8.12%), while the "aggregate対象分" remains 97,680 (39.04%), resulting in a total of 118,000 voting rights (47.16%).

The company stated that this change is not expected to have any notable impact on its management structure or performance.