Arent 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 23 shareholders own 80.5% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
37.3%	Hiroki Kamobayashi	2,314,880	JP¥11.9b	0%	no data
7.76%	SBI Rheos Hifumi Inc	481,300	JP¥2.5b	0%	0.24%
6.99%	SBI Investment Co., Ltd.	433,700	JP¥2.2b	-8.71%	14.12%
5.8%	Fumitaka Sakai	360,000	JP¥1.9b	0%	no data
5.16%	Takashi Nakagawa	320,000	JP¥1.6b	0%	no data
4.43%	Atsushi Maruyama	275,000	JP¥1.4b	-5.3%	no data
3.8%	Naohisa Okita	236,000	JP¥1.2b	0%	no data
2.02%	Shinkin Capital Co., Ltd.	125,040	JP¥642.7m	0%	85.53%
1.81%	J & TC Frontier, LLC	112,520	JP¥578.4m	0%	no data
1.49%	Toshiyasu Shimizu	92,440	JP¥475.1m	0%	no data
0.73%	Mitsubishi UFJ Asset Management Co., Ltd.	45,000	JP¥231.3m	0%	no data
0.68%	Takeshi Oda	42,100	JP¥216.4m	-10.6%	no data
0.49%	SBI Holdings Inc., Asset Management Arm	30,700	JP¥157.8m	-48.4%	0.06%
0.43%	Norges Bank Investment Management	26,979	JP¥138.7m	0%	no data
0.43%	Daiwa Asset Management Co., Ltd.	26,900	JP¥138.3m	0%	no data
0.36%	Nomura Asset Management Co., Ltd.	22,600	JP¥116.2m	0%	no data
0.23%	Asset Management One Co., Ltd.	14,500	JP¥74.5m	3,530%	no data
0.15%	Simplex Asset Management Co., Ltd.	9,300	JP¥47.8m	0%	0.03%
0.11%	Dimensional Fund Advisors LP	6,800	JP¥35.0m	23.6%	no data
0.11%	Tsubasa Nakashima	6,800	JP¥35.0m	0%	no data
0.087%	Chibagin Asset Management Co., Ltd.	5,400	JP¥27.8m	0%	0.03%
0.081%	Nikko Asset Management Co., Ltd.	5,000	JP¥25.7m	0%	no data
0.035%	Yoshihiro Mizutori	2,200	JP¥11.3m	0%	no data