VALUE GOLF Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 17 shareholders own 87.77% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
41.1%	Michio Mizuguchi	742,200	JP¥736.3m	0%	no data
15.1%	General Asahi Co., Ltd.	272,000	JP¥269.8m	0%	no data
6.39%	SBI Holdings Inc., Asset Management Arm	115,500	JP¥114.6m	0%	0.04%
5.4%	Kaoru Watanabe	97,500	JP¥96.7m	0%	no data
4.43%	Ueda Yagi Tanshi Co. Ltd., Asset Management Arm	80,000	JP¥79.4m	0%	0.12%
2.77%	Ryosuke Ito	50,000	JP¥49.6m	0%	no data
2.5%	Kumiko Sato	45,100	JP¥44.7m	0%	no data
2.34%	Shigeki Konuma	42,200	JP¥41.9m	0%	no data
2.25%	Kazuhiko Yoshida	40,700	JP¥40.4m	0%	no data
1.95%	Kazuaki Watanabe	35,300	JP¥35.0m	0%	no data
1.7%	Hisao Tanaka	30,800	JP¥30.6m	0%	no data
1.48%	Kei Okada	26,700	JP¥26.5m	0%	no data
0.18%	Akira Kurihara	3,200	JP¥3.2m	0%	no data
0.16%	Hiroshi Tsuji	2,900	JP¥2.9m	0%	no data
0.044%	Mikio Hirota	800	JP¥793.7k	0%	no data
0.028%	Mitsuhiko Miyagawa	500	JP¥495.9k	0%	no data
0.022%	Noriatsu Soga	400	JP¥396.8k	0%	no data