Kunihito Nakano Raises Stake in Addish Inc. (7093) to 7.62% | Large Shareholding Report

A large shareholding report (EDINET filing) shows that Kunihito Nakano raised his stake in Addish (7093) to 7.62%. The company provides internet-based harmful content monitoring and removal services, along with cybersecurity-related offerings. At this holding level, Nakano's position represents roughly one share per thirteen issued shares outstanding.

Building a Position Over 4.5 Months Through Multiple Acquisitions

Nakano first reported his stake in Addish on April 2, 2026, at 5.17%. Since then, he has filed six reports, progressively raising his ownership to 7.62% over the 4.5-month period. The cumulative increase amounts to 2.45 percentage points, with the current acquisition estimated at ¥20 million. His approach demonstrates a systematic accumulation strategy across multiple tranches rather than a single large purchase.

Concurrent Holdings Across Retail and Services Sectors

Nakano simultaneously holds 7.36% in Fujita Corporation (3370), a retailer. While slightly below his Addish position, both holdings place him in major shareholder territory. His investment pattern shows concentration in the retail and services sectors, indicating a focused approach to stock selection rather than broad diversification across industries.

Emerging as the Largest Named Institutional Shareholder

Other disclosed large shareholders in Addish include Guiax Inc. at 6.87%, Milestone Capital Management at 6.26%, and Colorplus Inc. at 2.77%. Nakano's 7.62% stake positions him above these investors, making him the largest named shareholder in the company's disclosed ownership structure.

Stock Trading in Lower Range With Elevated Book Value Multiple

The share price stood at ¥580 as of the filing date. Its position within the 52-week trading range at 26% (where 0% represents the 52-week low and 100% the high) places it in the lower portion of its annual trading band. The PBR of 2.28x, meanwhile, shows the stock is valued above twice its book value, indicating market participants are pricing in expectations beyond simple liquidation value.

*Speculation: Nakano may be expanding his investment in Addish based on confidence in the company's growth prospects within the cybersecurity services market, reflected in his methodical step-by-step accumulation over recent months.