Major Tokyo Lifestyle (TKLF) insider Kanayama reports large direct and indirect stakes
Rhea-AI Filing Summary
Tokyo Lifestyle Co., Ltd. director and representative director (PEO) Kanayama Mei filed an initial ownership report showing large equity holdings. The filing lists direct ownership of 7,216,436 ordinary shares and 137,456 American depositary shares, with each ADS representing ten ordinary shares. It also reports 13,575,104 ordinary shares held indirectly through Tokushin G.K., a family-owned Japanese limited liability company over which Mr. Kanayama has voting and dispositive control.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kanayama Mei
Role
Representative Director (PEO)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares | -- | -- | -- |
| holding | American depositary shares | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
Holdings After Transaction:
Ordinary shares — 7,216,436 shares (Direct);
American depositary shares — 137,456 shares (Direct);
Ordinary shares — 13,575,104 shares (Indirect, By Tokushin G. K.)
Footnotes (2)
- F1. Each American depositary share ("ADS") represents ten ordinary shares, with no par value, of Tokyo Lifestyle Co., Ltd. (the "Company").
- F2. Tokushin G. K. ("Tokushin") is a limited liability company formed under the laws of Japan owned by Mr. Kanayama and his family, for which Mr. Kanayama is the managing member, and accordingly, Mr. Kanayama has the voting and dispositive control of the ordinary shares Tokushin holds in the Company.
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FAQ
What does Tokyo Lifestyle (TKLF) disclose in this Form 3 filing?
Tokyo Lifestyle’s Form 3 shows that representative director Kanayama Mei holds substantial equity in the company, including millions of ordinary shares directly and additional shares indirectly through Tokushin G.K., establishing his position as a major shareholder and key insider with significant voting influence.
Does this Tokyo Lifestyle (TKLF) Form 3 show any insider buying or selling activity?
The Form 3 reflects existing holdings rather than new trades. All entries are labeled as holdings with unknown transaction codes, and the transaction summary shows no buy or sell counts, indicating it is an initial ownership statement instead of reporting recent market transactions.
Why is Kanayama Mei considered a ten percent owner of Tokyo Lifestyle (TKLF)?
The reporting person is flagged as a ten percent owner based on the large number of ordinary shares and ADS reported. Direct and indirect positions together indicate ownership well above ten percent, justifying this status and highlighting his importance in corporate governance decisions.