Nippon Paper Industries

3863.TPulp & Paper

Major holders (5%+) · 4

Holder	Stake	Change	Filed
―	10.87%	+1.09pp	2026-10-22
―	10.87%	+1.09pp	2026-10-22
―	10.87%	+1.09pp	2026-10-22
―	10.87%	+1.09pp	2026-10-22

Each holder's own ratio from its most recent large-shareholding report.

Former and minor holders (below 5%) · 19

Nomura Asset Management Co., Ltd.	3.25%	2024-07-03
Nikko Asset Management Co., Ltd.	2.60%	2024-03-22
Sumitomo Mitsui Trust Asset Management Co., Ltd.	2.58%	2024-03-22
Asset Management One Co., Ltd.	2.23%	2025-02-07
BlackRock Fund Advisors	2.16%	2026-07-06
Nippon Life Insurance Company	2.13%	2025-12-22
TAIJU LIFE INSURANCE COMPANY LIMITED	1.94%	2025-12-22
BlackRock Japan Co., Ltd.	1.81%	2026-07-06
Mizuho Bank, Ltd.	1.72%	2025-02-07
Amova Asset Management Co., Ltd.	1.59%	2024-03-22
NOMURA INTERNATIONAL PLC	1.14%	2024-07-03
Nissay Asset Management Company	1.07%	2025-12-22
BlackRock Institutional Trust Company, N.A.	0.87%	2026-07-06
BlackRock Asset Management Ireland Limited	0.54%	2026-07-06
Sumitomo Mitsui Trust Bank, Limited	0.39%	2024-03-22
Mizuho Trust & Banking Co., Ltd.	0.23%	2025-02-07
Mizuho Securities Co., Ltd.	0.09%	2025-02-07
BlackRock Financial Management, Inc.	0.02%	2024-10-03
Nomura Securities Co., Ltd.	0.02%	2024-07-03

Ownership history · 51

Filed	Holder	Ratio	Change	Purpose
2026-07-06	BlackRock Asset Management Ireland Limited2026-07-06	0.54%	+0.02pp	Pure investment; Held for clients (discretionary / trust); Asset management / investment
2026-07-06	BlackRock Institutional Trust Company, N.A.2026-07-06	0.87%	+0.10pp	Pure investment; Held for clients (discretionary / trust); Asset management / investment
2026-07-06	BlackRock Japan Co., Ltd.2026-07-06	1.81%	+0.23pp	Pure investment; Held for clients (discretionary / trust); Asset management / investment
2026-07-06	BlackRock Fund Advisors2026-07-06	2.16%	+0.75pp	Pure investment; Asset management / investment
2026-05-12Amended	―2026-05-12 · amended	0.00%	no change	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	1.81%	+0.63pp	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	2.14%	no change	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	5.83%	+0.42pp	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	0.00%	no change	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	1.18%	new	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	2.14%	no change	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	5.41%	no change	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	0.00%	no change	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	2.14%	no change	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	5.41%	+1.11pp	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	0.00%	new	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	2.14%	new	Material proposals to management (activist); Engagement / governance dialogue
2026-05-12Amended	―2026-05-12 · amended	4.30%	new	Material proposals to management (activist); Engagement / governance dialogue
2025-12-22Amended	Nissay Asset Management Company2025-12-22 · amended	1.07%	new	Held for clients (discretionary / trust)
2025-12-22Amended	TAIJU LIFE INSURANCE COMPANY LIMITED2025-12-22 · amended	1.94%	new	Pure investment

Each holder in 5% reports, joint holders included. Purpose is classified from the filed text.