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NEOJAPAN Inc. ( (JP:3921) ) has issued an announcement.
NEOJAPAN Inc. has reclassified Prosidus Inc., its largest shareholder with a 37.11% direct ownership and a total aggregated voting rights ratio of 45.98%, as an “other affiliated company” effective April 28, 2026. The asset management firm, whose shares are held by relatives of Representative Director and President Akinori Saito, became subject to this designation after his son, Kosuke Saito, a majority shareholder in Prosidus, was appointed as a director of NEOJAPAN, creating conditions for significant influence over corporate decision-making.
The company noted that Prosidus now also qualifies as an unlisted parent company subject to disclosure, though there are no transactional relationships between the two entities beyond capital and personnel ties. NEOJAPAN stated that this governance-related reclassification will not affect its consolidated financial results for the current fiscal year, but it formalizes the strengthened control and disclosure obligations around its largest shareholder’s influence.
More about NEOJAPAN Inc.
NEOJAPAN Inc. is a Japan-based technology company listed on the Tokyo Stock Exchange Prime Market, operating in the software and IT services sector. The company focuses on developing and providing digital solutions and related services, with a shareholder base that includes asset management entities linked to its founding management.
Average Trading Volume: 33,839
Technical Sentiment Signal: Hold
Current Market Cap: Yen21.76B
Find detailed analytics on 3921 stock on TipRanks’ Stock Analysis page.