On Jun 26, 坂口 直大 and related parties submitted the Change Report to Ministry of Finance. The report shows that 坂口 直大 and related parties decreased their holdings in $Firstlogic (6037.JP)$, with their joint shareholding ratio down from 63.05% to 62.04%.
Source: Edinet Announcement
What is the 5% shareholding reporting system?
Shareholders with holding ratio exceeding 5% must submit a Large Shareholding Report within five business days from that day. If the holding ratio increases or decreases by 1% or more after submitting a Large Shareholding Report, the holder must submit a Change Report within five business days from that day.