Nihon Kohden

6849.TTSE PRIMEElectric Appliances

Major holders (5%+) · 3

Holder	Stake	Change	Filed
Japan Activation Capital, Inc.	6.20%	—	2026-09-15
First Eagle Investment Management, LLC	5.88%	+0.57pp	2025-10-06
Sprucegrove Investment Management Ltd.	5.01%	-1.08pp	2026-08-12

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

Former and minor holders (below 5%) · 20

ValueAct Japan Master Fund, L.P.	3.85%	2025-05-21
Sumitomo Mitsui Trust Asset Management Co., Ltd.	2.46%	2024-06-20
Saitama Resona Bank, Limited	2.02%	2026-09-25
Amova Asset Management Co., Ltd.	2.00%	2024-06-20
BlackRock Japan Co., Ltd.	1.82%	2026-09-17
-	1.74%	2026-06-15
Resona Asset Management Co., Ltd.	1.65%	2026-09-25
-	1.55%	2026-06-15
First Eagle Separate Account Management, LLC	1.41%	2025-10-06
BlackRock Fund Advisors	1.35%	2026-09-17
BlackRock Institutional Trust Company, N.A.	1.14%	2026-09-17
-	0.89%	2026-06-15
Resona Bank, Limited.	0.55%	2026-09-25
BlackRock Asset Management Ireland Limited	0.31%	2026-09-17
BlackRock Financial Management, Inc.	0.20%	2026-09-17
BlackRock Investment Management (UK) Limited	0.16%	2026-09-17
BlackRock Fund Managers Limited	0.11%	2026-09-17
-	0.02%	2026-06-15
ValueAct Capital Management, L.P.	0.00%	2025-05-21
Sumitomo Mitsui Trust Bank, Limited	0.00%	2024-06-20

Ownership history · 44

Filed	Holder	Ratio	Change	Purpose
2025-10-06Amended	First Eagle Separate Account Management, LLC2025-10-06 · amended	0.70%	new	Held for clients (discretionary / trust); Asset management / investment
2025-10-06Amended	First Eagle Investment Management, LLC2025-10-06 · amended	5.31%	new	Held for clients (discretionary / trust); Asset management / investment
2025-09-19Amended	Sprucegrove Investment Management Ltd.2025-09-19 · amended	8.17%	-1.14pp	Held for clients (discretionary / trust); Asset management / investment
2025-06-16	-2025-06-16	0.51%	+0.48pp	Securities trading business
2025-06-16	-2025-06-16	0.88%	+0.06pp	Pure investment
2025-06-16	-2025-06-16	1.55%	no change	Strategic holding (cross-shareholding)
2025-06-16	-2025-06-16	2.24%	-0.16pp	Pure investment
2025-05-26Amended	Sprucegrove Investment Management Ltd.2025-05-26 · amended	9.31%	-1.07pp	Held for clients (discretionary / trust); Asset management / investment
2025-05-21Amended	ValueAct Capital Management, L.P.2025-05-21 · amended	0.00%	new	Material proposals to management (activist); Pure investment
2025-05-21Amended	ValueAct Japan Master Fund, L.P.2025-05-21 · amended	3.85%	new	Material proposals to management (activist)
2025-04-24Amended	Sprucegrove Investment Management Ltd.2025-04-24 · amended	10.38%	-1.10pp	Held for clients (discretionary / trust); Asset management / investment
2025-01-20Amended	Sprucegrove Investment Management Ltd.2025-01-20 · amended	11.48%	-1.08pp	Held for clients (discretionary / trust); Asset management / investment
2024-09-24Amended	Sprucegrove Investment Management Ltd.2024-09-24 · amended	12.56%	+1.07pp	Held for clients (discretionary / trust); Asset management / investment
2024-08-14Amended	Sprucegrove Investment Management Ltd.2024-08-14 · amended	11.49%	new	Held for clients (discretionary / trust); Asset management / investment
2024-07-29	-2024-07-29	0.03%	new	Securities trading business
2024-07-29	-2024-07-29	0.82%	new	Pure investment
2024-07-29	-2024-07-29	1.55%	new	Strategic holding (cross-shareholding)
2024-07-29	-2024-07-29	2.40%	new	Pure investment
2024-06-20Amended	Sumitomo Mitsui Trust Bank, Limited2024-06-20 · amended	0.00%	-1.40pp	—
2024-06-20Amended	Amova Asset Management Co., Ltd.2024-06-20 · amended	2.00%	+0.40pp	Held for clients (discretionary / trust)

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