Toyo Securities

8614.TSecurities & Commodity Futures

Filed as TOYO SECURITIES CO.,LTD. (2022-08–2026-06)

Major holders (5%+) · 1

Holder	Stake	Change	Filed
Be Brave Inc.	5.00%	—	2024-12-25

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

Former and minor holders (below 5%) · 1

UGS Asset Management 4.14% 2024-12-25

Ownership history · 2

Filed	Holder	Ratio	Change	Purpose
2024-12-25	Be Brave Inc.2024-12-25	5.00%	new	Material proposals to management (activist); Pure investment
2024-12-25	UGS Asset Management2024-12-25	4.14%	new	Material proposals to management (activist); Pure investment

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