Sanko Kigyo Cuts Stake in Seiko Group (8050) to 10.57% | Large Shareholding Report

A large shareholding report (EDINET filing) reveals that Miko Kigyo Co., Ltd. has reduced its stake in Seiko Group Corporation (8050) to 10.57%. Miko Kigyo is the asset management company of the Hattori family, the largest shareholder of Seiko Group. Seiko Group is a diversified precision equipment manufacturer engaged in the production and sale of watches, eyeglasses, and precision instruments, with its 10.57% stake representing a significant portion of the company's market capitalization as a major shareholder.

This sale represents a 0.15 percentage point decline from the previous filing. At the stock price of ¥10,760 as of the August 18 disclosure date, the estimated sale proceeds from the reduced stake amount to approximately ¥1.32 billion. The transaction appears to be part of a gradual adjustment of holdings by the founding family's asset management company, signaling a shift in its approach to long-term ownership, though the scale of the sale remains measured.