Japan edition · Japanese equities
Rakuten Group adds $3.8bn stake in Rakuten Bank
The single increase accounted for 35 per cent of all additions disclosed by large shareholders over the past month.
Rakuten Group raised its holding in Rakuten Bank by $3.8bn on 1 October, accounting for 35 per cent of all increases disclosed over the past 30 days. The filing, published on 5 October, was the largest single stake change reported during that month. Shares in the bank have risen 0.7 per cent since the change date.
The transaction was among 49 reports lodged by 26 filers since 4 October. Those notifications brought $4.5bn of increases and $724.1mn of reductions.
Other filings published on 5 October included reductions and purchases. BlackRock Japan cut its stake in builder Daiwa House Industry by $215.2mn following a change on 30 September, and the builder's shares have fallen 1.9 per cent since. Mitsubishi UFJ Financial Group added $193.8mn to a holding in machinery maker Fuji on 28 September, and Fuji shares have risen 14 per cent since.
Companies in this column: Rakuten Bank, Daiwa House Industry, Fuji.