KeePer Giken Cuts Stake in Soft99 Corporation (4464) to 0% | Large Shareholding Report

A large shareholding report (EDINET filing) reveals that KeePer Giken Co., Ltd. has reduced its stake in Soft99 Corporation (4464) to 0%. The seller is a Japanese technology research and development company. Soft99 Corporation is a manufacturer and distributor of automotive chemical products, specializing in car care items such as cleaning agents and waxes.

KeePer Giken's divestment is estimated at approximately ¥11.02 billion. The filing is categorized as a change report, indicating this represents the final stage of a phased exit, with the stake declining by 12.07 percentage points from the previous disclosure to reach zero today. This marks the complete severance of the equity relationship between the two companies.

A sale of this magnitude likely involved substantial trading volume in the market. With KeePer Giken's full withdrawal as a major shareholder, Soft99 Corporation's shareholder composition has shifted notably. *Speculation: As a company focused on technology research and development, KeePer Giken may have concluded its role in management participation and business collaboration, potentially reallocating capital toward alternative investment opportunities.