WDB Holdings completes share buyback, Nakano Shoten becomes controlling shareholder

WDB Holdings Co., Ltd. announced on November 10, 2025, the completion of its treasury stock acquisition via an off-auction own share repurchase transaction (ToSTNeT-3). The company acquired 456,000 common shares at JPY 1,592 per share, totaling JPY 725,952,000. This acquisition, aimed at enhancing capital efficiency and enabling flexible capital policies, concludes the repurchase program approved on November 7, 2025.

Concurrently, the buyback resulted in Nakano Shoten Co., Ltd., previously the largest major shareholder, becoming a controlling shareholder. This change occurred because the reduced number of outstanding shares increased Nakano Shoten's voting rights ratio from 49.2% to 50.4%. Nakano Shoten, an asset management company, holds 9,659,600 common shares of WDB Holdings, and its representative director, Toshimitsu Nakano, is also the president and representative director of WDB Holdings.

The total number of voting rights decreased from 196,277 before the change to 191,717 after the acquisition.