On Sep 24, Nomura Asset Management and related parties submitted the Change Report to Ministry of Finance. The report shows that Nomura Asset Management and related parties decreased their holdings in $K'S Holdings (8282.JP)$, with their joint shareholding ratio down from 5.3% to 4.15%, below 5%.
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.