HN Holdings Inc. Takes 20.12% Stake in Miroku Information Service (9928) | Large Shareholding Report

A large shareholding report (EDINET filing) shows that HN Holdings Inc. has raised its stake in Miroku Information Service (9928) to 20.12%. HN Holdings is a Japanese business holding company that oversees multiple subsidiary operating companies on a non-financial basis. Miroku Information Service is a software company specializing in the development and provision of enterprise systems and cloud services for accounting, payroll, and sales management—making HN Holdings' 20.12% stake equivalent to roughly one-fifth of the company's outstanding shares, establishing it as a major shareholder.

The filing, disclosed on December 1, 2025, represents what appears to be a substantial new acquisition or resumption of holdings, as no EDINET disclosures by the same filer regarding this stock have been confirmed in the preceding 400 days. The estimated acquisition amount totals approximately ¥10.86 billion.

*Speculation: The execution of a 20%-plus stake in an enterprise software company by a business holding company may suggest a strategic involvement aimed at expanding its business portfolio or pursuing operational integration with its subsidiary enterprises.