Ultimate Classic Investment Takes 27.64% Stake in KLab (3656) | Large Shareholding Report

A large shareholding report (EDINET filing) shows that ULTIMATE CLASSIC INVESTMENT LLC has raised its stake in KLab (3656) to 27.64%. This acquisition was made by a US-based independent fund pursuing classic/value investment strategies. KLab is a mobile game developer and operator, and the 27.64% stake represents a significant portion of the company's market capitalization.

The report was disclosed on January 19, 2026. Since no EDINET filings by the same filer for this stock have been confirmed within the preceding 400 days, this appears to be a substantial new position or a significant resumption of holdings. The estimated acquisition amount was ¥7.52 billion, with the stock price at ¥327 at the time of disclosure.

What stands out is the market environment in which this investment decision was made. *Speculation: The US-based value fund may have identified what it viewed as relative value and executed an investment during a period of elevated risk, suggesting a contrarian positioning by the investor.