On Aug 30, 太陽鉱工株式会社 and related parties submitted the Change Report to Ministry of Finance. The report shows that 太陽鉱工株式会社 and related parties decreased their holdings in $Nichirin (5184.JP)$, with their joint shareholding ratio down from 23.61% to 21.53%.
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.