Ｌｏｎｇ　Ｃｏｒｒｉｄｏｒ　Ａｓｓｅｔ　Ｍａｎａｇｅｍｅｎｔ　Ｌｉｍｉｔｅｄ Cuts Stake in ニチリョク (7578) to 7.87% | Large Shareholding Report

Long Corridor Asset Management Limited, a Hong Kong-based activist and event-driven fund, has reduced its position in Nichiryo Co., Ltd. (7578) through a recent equity sale, according to filings on large shareholdings. The fund's holding percentage has declined to 7.87% following the transaction, with an estimated sale value of approximately 410 million yen. Nichiryo is an engineering and maintenance services company specializing in electrical and gas piping work as well as electrical instrumentation projects. The sale marks Long Corridor's transition away from its position as a significant shareholder commanding a material stake in the company's market capitalization.

The stock was trading at 65 yen at the time of the sale execution (disclosure date: August 6, 2026). Activist fund investments typically involve holdings predicated on management improvement proposals and influence over business strategy; this reduction indicates a partial withdrawal from such active engagement.

The sale represents a meaningful shift in Nichiryo's shareholder composition and reflects investor sentiment regarding the company's operating environment and stock performance. *Speculation: Given evolving risk dynamics, Long Corridor may be compressing its position to secure more predictable returns and reallocate capital toward alternative opportunities.