Naokayoshi Yokogawa Cuts Stake in Libero (9245) to 23.8% | Large Shareholding Report

A large shareholding report (EDINET filing) reveals that Naokayoshi Yokogawa has reduced his stake in Libero (9245) to 23.8%. The company operates in the service sector, and this stake represents approximately one-quarter of the company's outstanding shares, establishing him as a major shareholder. His initial disclosure dated December 25, 2025 showed a holding of 25.55%, making the current reduction a decrease of approximately 1.75 percentage points.

Stake Reduction of 1.75 Points Over Eight Months

This is the second shareholding report that Naokayoshi Yokogawa has filed regarding Libero. Over the eight months since the previous disclosure, he has gradually reduced his stake from 25.55% to 23.8%. The estimated sale proceeds totaled ¥180 million, with the stock price at ¥1,960 at the time of sale. The numerical progression since December 2025 reflects a shifting approach to this holding.

Yokogawa's Position Within Libero's Shareholder Base

Comparing Yokogawa's stake to other investors who have filed large shareholding reports clarifies his position. The largest shareholder, Hidetoshi Kashima, holds 35.72%, with Yokogawa ranking second. Tokyo United Corporation holds 3.63%, leaving a substantial gap between the second and third positions. Despite his reduction, Yokogawa maintains substantial influence as a major shareholder in the company.

Market Valuation Metrics at Filing Date

As of the August 28, 2026 filing date, Libero's forward price-to-earnings ratio stood at 19.4x, while its price-to-book ratio was 3.93x. The stock's position within its 52-week range was at the 24th percentile, indicating a price closer to recent lows than highs. These valuation metrics offer perspective on relative earnings multiples and asset-based pricing, though individual investors assess their significance differently.

*Speculation: Yokogawa's gradual reduction of his stake may reflect an adjustment in his initial position size or a reallocation of invested capital across his portfolio.