KANDB INVESTMENT L.L.C. holds 23.73% of voting rights as a major shareholder of Birdman Inc. In March 2026, capital transactions including a third-party allotment were executed and KANDB acquired stock acquisition rights. Depending on future exercise of those rights, there may be impacts on capital structure and fundraising.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"7063","jir_company_name":"Birdman Inc.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-09-30","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/7063-20260930-01.pdf","jir_short_summary":"KANDB INVESTMENT L.L.C. holds 23.73% of voting rights as a major shareholder of Birdman Inc. In March 2026, capital transactions including a third-party allotment were executed and KANDB acquired stock acquisition rights. Depending on future exercise of those rights, there may be impacts on capital structure and fundraising.","jir_summary":"### Relationship with Controlling Shareholder and Capital Relations\nBirdman Inc. designates KANDB INVESTMENT L.L.C. as a controlling shareholder, with a voting rights ratio of 23.73% (direct holdings plus attributable aggregate). In March 2026, shares of Birdman Inc. were allotted to KANDB through a third-party allotment, which could affect KANDB's influence over voting rights. Although KANDB is unlisted, the document notes that it has been providing funds to support Birdman Inc.'s financing and growth investments.\n\n### Future Impact and Assurance of Independence\nBirdman Inc. states its policy to maintain a certain degree of independence from KANDB, and major business executions will be decided by the board of directors (including outside directors). For capital transactions, the board will deliberate on necessity and terms and decide with reference to valuations by independent third-party bodies. Depending on KANDB's exercise of stock acquisition rights, there is a possibility of impacts on capital structure, share price, and fundraising, while KANDB's funding contributions have been supporting the strengthening of the financial base.","jir_financial_highlights":"Voting rights ownership ratio (direct + attributable aggregate): 23.73% (Unknown)\nNumber of shares represented by stock acquisition rights: 21,333,400 shares (21,333,400 target shares) (Unknown)\nNumber of shares held by KANDB INVESTMENT L.L.C.: 7,999,700 shares (79,997 voting rights) (Unknown)\nTransaction amount in the third-party allotment: 1,000,005 thousand yen (Unknown)\nSubscription amount for stock acquisition rights: 2,773 thousand yen (Unknown)\nShare acquisition via exercise of stock acquisition rights: 199,950 thousand yen equivalent (Unknown)","jir_category":"","jir_hashtags":"#Birdman, #ControllingShareholder, #CapitalTransaction","jir_key_figures":"Voting rights ownership ratio: 23.73%\nNumber of shares held by KANDB: 7,999,700 shares (79,997 voting rights)\nSubscription of stock acquisition rights: Equivalent to 21,333,400 shares (9th series stock acquisition rights)","jir_meta_title":"Birdman Inc. \u2014 Disclosure on Matters Concerning Controlling Shareholder | September 30, 2026","jir_meta_description":"Birdman Inc. announces KANDB INVESTMENT L.L.C. as a major shareholder. Summary of capital relationships through third-party allotment, subscription and exercise of stock acquisition rights, potential impacts, and policy to ensure independence.","jir_og_title":"Birdman Inc. Disclosure on Matters Concerning Controlling Shareholder","jir_og_description":"Birdman Inc. discloses the relationship with major shareholder KANDB INVESTMENT L.L.C., detailing capital transactions and trends in stock acquisition rights and their potential future impacts.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60445,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"disclosure_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-125306","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n