On Nov 8, 新聯利控股有限公司 submitted the Change Report to Ministry of Finance. The report shows that 新聯利控股有限公司 decreased their holdings in $Souken Ace (1757.JP)$, with their joint shareholding ratio down from 7.06% to 5.95%.
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.