Japan edition · Japanese equities
Large shareholders cut a net $5.5bn from Japanese retailers
Electronics makers also saw net reductions as filings showed a net $3.6bn of increases in banks over the past month.
Large shareholders cut a net $5.5bn from Japanese retailers and a net $4.1bn from electronics makers over the past 30 days. Across the retail sector, 111 filings disclosed reductions worth $6.0bn against increases of $521.8mn.
Electronics makers drew 95 reports that showed reductions worth $6.8bn alongside increases of $2.7bn. Mitsubishi UFJ Financial Group disclosed on 19 October that it cut a stake worth $2.1bn in Advantest Corporation after a change on 12 October. Toshiba Corporation filed on 8 October that it cut a $2.1bn position in Kioxia Holdings after a change on 1 October.
Banks registered a net $3.6bn of increases across 19 reports, with filings showing increases worth $4.7bn against reductions of $1.1bn. Rakuten Group filed on 5 October that it raised a stake in Rakuten Bank by $3.8bn after a change on 1 October.
ANAP Holdings was the most reported company with 13 filings, comprising seven increases and six reductions. Tokyo Koki drew 10 reports, with all 10 disclosing reductions.
Companies in this column: ANAP Holdings, Tokyo Koki, Rakuten Bank, Advantest Corporation, Kioxia Holdings.