August 13, 2020

To Whom It May Concern

Company Name: Kanamic Network Co., Ltd.

Representative: President & Representative

Director, Takuma Yamamoto

(Securities Code: 3939, TSE First Section)

Contact Point: General Manager, Administration

Department, Kenya Wakabayashi

TEL03-5798-3955

Notice of Change to the Status of a Shareholder as the "Controlling Shareholder

(Excluding Parent Company)"

On August 13, 2020 (trade date basis), there was a change to the status of a shareholder as the "controlling shareholder (excluding parent company)".

1.Background to the Change

Today, the Company received a notice from Takuma Yamamoto, the Company's Representative Director and President, who had been categorized as the "controlling shareholder (excluding parent company)", that he, in conjunction with other shareholders subject to aggregation, sold shares in the Company via off-market bilateral transaction. As a result, Takuma Yamamoto is no longer the controlling shareholder.

2. Profile of the shareholder who's status has changed

The following shareholder is no longer categorized as a "controlling shareholder (excluding parent company)"

  • Name Takuma Yamamoto
  • Address Shinagawa-ku, Tokyo
  • Relationship between the Company and the shareholder : Representative Director and President of the Company

3.Date of Change

August 13, 2020

4.Change in the number of voting rights and ratio (%) of voting rights held by the shareholder

Number of Voting RightsRatio (%) of

Category

Voting Rights

Directly

Indirectly

Total

Held

Held

Before Change

"controlling shareholder

82,500

194,760

277,260

As of September 30,

(excluding parent company)"

17.14 %

40.46 %

57.61 %

2019

After Change

66,840

167,020

233,860

As of August 13, 2020

13.89 %

34.70 %

48.59 %

  • Treasury Shares (1,206 Shares) were deducted prior to calculating the ratio of voting rights.
    1

5. Outlook

As a result of the change, the Company will no longer be classified as a designated family business under corporate tax law and thus will no longer be subject to the accumulated earnings tax, but the effect on the Company's operating results is miniscule.

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Disclaimer

Kanamic Network Co. Ltd. published this content on 13 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2020 09:32:19 UTC