株式会社キャピタルギャラリー
A Japan-based investor known for involvement in M&A situations as a major shareholder.
"Companies tracked" and "first seen" reflect activity within our coverage period (from 2025-02-09 onward) and do not represent this investor's total number of historical holdings in the Japanese market.
This commentary is AI-generated from filing data and news articles (web search). It may contain hallucinations or factual errors, so please verify the content against primary sources yourself. It is not intended as investment advice.
- The two most recent EDINET purpose statements on file are notably different in character. For ティムコ (Timco), the stated reason is purely mechanical: "単体株式保有割合が１％以上変動（減少）したため" — i.e., the filing was triggered by a ≥1% decrease in ownership, with no substantive commentary on intent. - For ヨータイ (Yotai), the text explicitly classifies the holding as "純投資" (pure/passive investment), noting that Capital Gallery itself holds for pure investment purposes, while an affiliated entity, Capital Management, holds via two investment partnerships also on a pure-investment basis. - Taken at face value, neither statement uses language associated with board nominations or capital-policy demands; both are framed in standard, procedural or classification terms. - That said, press coverage referenced separately indicates that in connection with Yotai, Capital Gallery submitted shareholder proposals related to shareholder returns (noted in board-opinion disclosures dated May 2022 and May 2024), which were reportedly withdrawn around May 2024 following an extended multi-year dialogue with management. This suggests that, historically, engagement activity beyond the "pure investment" label has occurred with at least one holding, even though the most recent formal EDINET purpose text reverts to "pure investment" wording. Readers should note the gap between the formal EDINET classification and the broader engagement history reported in the press.
- Coverage is limited to two names, spread across two distinct sectors — wholesale trade (卸売業) and glass & stone products (ガラス・土石製品) — one company each. - With only two holdings and no sector overlap, the portfolio as captured here appears diversified rather than concentrated, though the very small sample size limits any firm conclusion about sector preference.
- Peak ownership ratios across the two tickers show a median of 11.70%, with a wide range of 0.57%–22.82% (n=2). - Given Japan's large shareholding disclosure regime only requires filings once ownership exceeds 5%, disclosed peak levels generally reflect positions that were built past that threshold; the presence of a sub-5% figure in the range likely reflects a later-stage or reduced disclosure point rather than the position's original entry level. With only two data points, this range should not be read as a reliable indicator of a "typical" target stake.
- No positions in this sample are currently tracked as "still above 5%" (n=0), so no elapsed-holding-period median is available for ongoing positions. - One position has fallen to 5% or below, with 459 days elapsed since that threshold was crossed (n=1). - It is important to note that once ownership falls to 5% or below, the disclosure obligation under Japan's large shareholding regime terminates, making the position fundamentally unobservable from that point onward — by this platform or any other outside party. The 459-day figure measures time since that observability cutoff, not a holding-period endpoint, and it does not imply the filer has exited the position. Similarly, had there been any "still above 5%" cases, their elapsed days would only represent a lower bound, since the true holding period could extend further.
- Of the two tracked positions, one has fallen to 5% or below (untrackable from that point), and none show a confirmed full divestment to 0% via an amendment report (n=0 in that category). - Under Japan's disclosure framework, falling to 5% or below functions as the practical, de facto signal of an exit from the filer's observable holding, since confirmed 0% divestment disclosures are comparatively rare events. In this case, no such confirmed full-divestment instance exists in the data, so no peak-ratio-before-exit figure can be calculated. - With only one instance in the "fell to 5% or below" category and zero in the "confirmed full divestment" category, sample size is too limited to characterize a consistent exit pattern for this filer. This commentary reflects only the activity captured within this platform's data-collection period and does not represent Capital Gallery's complete historical investment record in the Japanese market. It does not constitute a definitive assessment of the filer's intent or a recommendation regarding any individual investment decision.
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Based on EDINET submission dates. Dates reflect when the filing was submitted, not when the underlying trade or shareholder proposal actually occurred.
When multiple filers are included in the same joint filing, we combine them into a single event (18 filings total on a per-filing basis, 18 on a per-event basis).
単体株式保有割合が１％以上変動（減少）したため
純投資
純投資
経営関与。保有する株式について、株式会社キャピタルギャラリー、青山浩、大谷寛、株式会社人生設計と堅果シナジー投資事業有限責任組合との間で締結した令和8年4月6日付け応募契約に基づき、公開買付に応募したことによる担保契約等重要な契約の変更。
株式会社ティムコの公開買付（堅果シナジー投資事業有限責任組合による公開買付）への応募
2025年10月6日提出の大量保有変更報告書№11について、2025年10月9日に訂正報告書を提出したが、当該報告書に委任状の添付漏れがあったため再訂正するもの。
経営関与
純投資
純投資
純投資
純投資(キャピタルギャラリーは純投資、キャピタル・マネジメントはチャレンジ２号投資事業組合およびチャレンジ３号投資事業組合の業務執行組合員として純投資で保有)
Because these are at or below 5%, subsequent holding status cannot be tracked.
| YOTAI REFRACTORIES CO.,LTD.5357Other activists in this company → | 0.57% | 2025-05-21 |
This page mechanically aggregates and organizes disclosure data from EDINET large shareholding and change reports into a timeline. The "purpose of holding" field reproduces the original text as filed. It does not guarantee any particular investment judgment or interpretation of the filer's intent. Data is updated daily.
Source: EDINET (the Financial Services Agency's electronic disclosure system). "View original" links to the PDF of the original filing, which we retrieve and store via the EDINET API (EDINET's own browsing site does not support direct links to individual filings).
Click a card to expand it in the detailed chart below.
The horizontal axis reflects actual calendar dates (the real interval between filings); the vertical axis is ownership stake. Each marker is the value as of that filing — click it to view the underlying filing on EDINET (hover first to see the date and ratio).
The solid line marks changes confirmed by a filing. The lighter dashed line marks a stretch where the stake had fallen below 5% (so the continuing-disclosure obligation no longer applies) or where no new filing has been made since the latest report — the actual trajectory during that stretch is unknown (it does not necessarily mean the holding continued or stayed at a given level).
The brown square is a single-point benchmark, as of a different reference date, drawn from this company's shareholder registry (in its annual or semi-annual securities report) — we matched and combined entries by this investor's brand name (part of the fund manager's name). It uses a different reference date and source than the large shareholding filings, and is not connected to the step line. As of 2025/11/30, the shareholder registry shows a combined 14.07% under the name(s) 株式会社キャピタルギャラリー, versus 2.25% in the large shareholding report filed 2026/06/02 (difference: -11.82pt). Shareholder registries typically disclose only the top ~10 holders, so the gap may reflect vehicles not listed there, or not included in our matching. This name-matching is our own judgment based on brand names, and may differ from the actual capital relationships (group companies, fund management structures).