K.L.I. Co., Ltd. Corrects Reported Stake in Storage King (2997) to 0% | Amended Large Shareholding Report

A large shareholding report (EDINET filing) reveals that K.L.I. Co., Ltd. has revised its reported stake in Storage King (2997) from 24% to 0%. The filing was submitted by a real estate company based in Fukuoka. Storage King engages in the planning, development, operation, and management of self-storage trunk room facilities. At the disclosure date's stock price of ¥1,323, the previously reported 24% stake represented a significant portion of the company's market capitalization. The revision reduces K.L.I.'s disclosed holding by 24 percentage points.

Complete Reversal of Position Built Since July 2025

K.L.I. has filed five separate reports regarding its Storage King stake, with the first disclosure dated July 2, 2025, showing a 24.08% holding. The current revision to 0% means the entire position accumulated over approximately thirteen months from mid-2025 to August 2026 has been restated. A downward correction exceeding 24 percentage points in a single filing is highly unusual.

Position Within Storage King's Shareholder Structure

Storage King's shareholder composition is dominated by Aria Link Inc., which holds 84.15% of the company. Before this revision, K.L.I.'s 24% stake effectively positioned it as the second-largest shareholder. Other reporting investors include Rakuten Securities at 1.11% and Develop Inc. at 0%. The revision effectively removes K.L.I. from the major shareholder roster.

Stock Valuation Metrics at Disclosure Date

At the August 28, 2026 disclosure date, Storage King's stock price stood at the 97th percentile within its 52-week range, reflecting strength throughout this period. The company traded at a PER of 20.9x and PBR of 1.98x. The elevated position within the 52-week range underscores the stock's steady appreciation over this timeframe.

*Speculation: Given that K.L.I. is a real estate company headquartered in Fukuoka and Storage King operates within the real estate-related self-storage sector, the substantial revision may reflect a strategic repositioning or shift in investment approach within the same industry.