Ultimate Classic Investment LLC Raises Stake in Nippon Seima (3306) to 29.28% | Large Shareholding Report

A large shareholding report (EDINET filing) shows that ＵＬＴＩＭＡＴＥ　ＣＬＡＳＳＩＣ　ＩＮＶＥＳＴＭＥＮＴ　ＬＬＣ raised its stake in Nippon Seima (3306) to 29.28%. This independent U.S.-based fund pursues a classic/value investment strategy. Nippon Seima manufactures and sells hemp products and natural fiber products, along with industrial materials, positioning itself in the wholesale industry. The fund's stake now represents approximately 30% of the company's market capitalization, establishing a major shareholder position.

Staged accumulation since August of the previous year

ＵＬＴＩＭＡＴＥ　ＣＬＡＳＳＩＣ　ＩＮＶＥＳＴＭＥＮＴ　ＬＬＣ has submitted five large shareholding reports on this stock, with the initial filing dated August 27, 2026 at 25.37%. The current report from the following day shows a 3.91 percentage point increase in a single day. The fund began its substantial investment approach to Nippon Seima in August of the previous year, building its position gradually over approximately four months as evidenced by the sequence of filings.

A third pillar alongside information technology and services

ＵＬＴＩＭＡＴＥ　ＣＬＡＳＳＩＣ　ＩＮＶＥＳＴＭＥＮＴ　ＬＬＣ holds 5% or more in three stocks. KLab (3656, information and communications) represents its largest holding at 27.64%, followed by MUSCAT GROUP (195A, services) at 10.94%. The Nippon Seima stake at 29.28% is now the fund's largest position. By investing in three different sectors including wholesale alongside information technology and services, the fund demonstrates a cross-industry approach to identifying value opportunities.

Second largest shareholder behind the main stakeholder

Among Nippon Seima's shareholders, only LEOMO, inc has filed a large shareholding report, with 37.55% ownership. ＵＬＴＩＭＡＴＥ　ＣＬＡＳＳＩＣ　ＩＮＶＥＳＴＭＥＮＴ　ＬＬＣ's 29.28% positions it approximately 8 percentage points below this primary shareholder. The fund has established itself as the second largest shareholder, with combined holdings of both investors reaching 66.83%.

Continued accumulation at the 52-week low point

On the disclosure date of August 28, 2026, Nippon Seima's stock traded at ¥569. Its position within the 52-week range was at the 0% mark, indicating the stock was trading at the lowest level of the past year. The company's PER stood at 21.5x while its PBR was 1.01x. A PBR near 1.0x suggests valuation close to theoretical book value, and combined with the stock's positioning at the 52-week low, this timing presented conditions conducive to accumulating shares.

*Speculation: A U.S.-based independent fund accumulating a nearly 30% stake in a Japanese wholesale company may reflect a value investment assessment of the company's business foundation and potential for revaluation.