Yasushi Obara Cuts Stake in OBARA GROUP (6877) to 0% | Large Shareholding Report

A large shareholding report (EDINET filing) shows that Yasushi Obara has reduced his stake in OBARA GROUP (6877) to 0%. The company manufactures and sells welding machines for automobiles, polishing equipment for electronics, and power distribution equipment for utilities. At the closing price of ¥5,790 on the disclosure date, the estimated sale proceeds total ¥10.28 billion.

Completion of staged share sales over three and a half years

Obara's shareholding fell 12.32 percentage points from the previous disclosure, bringing it to zero. This marks the final phase of a gradual position reduction rather than a one-time sale. The cumulative decline from the initial filing stands at 12.32 percentage points, reflecting a prolonged process of divesting holdings. As of August 10, 2026, his entire stake in the company had been liquidated.

Position within the shareholder structure

Major shareholders in the company include T. Rowe Price Japan (7.77%), Nomura Securities (6.78%), and Zener Asset Management (6.52%). The completion of Obara's exit strengthens the relative influence of these foreign asset managers and domestic brokers. Before full liquidation, his 12.32 percentage point stake represented a material position comparable to other significant shareholders in the company.

Valuation backdrop and timing of exit

As of the filing date, OBARA GROUP traded at a PER of 13.6x and PBR of 1.19x, with its stock price positioned at 70% within the 52-week range. This indicates the current share price stands relatively elevated within the band of recent price discovery, between the 52-week low and high. The multiphased exit would have encountered varying market conditions across the sales period.

*Speculation: The completion of the staged 12.32 percentage point reduction may reflect a fundamental shift in long-term investment strategy.