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Strategic investment · Completed · 1 Dec 2025

Hulic ¥4.5bn share placement in Synspective

Property group Hulic bought new Synspective shares, becoming its largest shareholder ahead of Mitsubishi Electric.

Company
Synspective
Type
Strategic investment
Status
Completed
Date
1 Dec 2025
Value
JPY 4.51bn
US$ equivalent
US$30m
Value basis
¥4,509m of new shares issued to Hulic by third-party allotment; Hulic became the largest shareholder (12.17% at end 2025)
Region
Japan
Segment
Listed equity

Parties

Key terms

Payment date
1 Dec 2025
Holding
16,012,800 shares, 12.17% at 31 Dec 2025
Same day
Remaining 5th series warrants bought back and cancelled

Sources

  1. Synspective: notice of the 8th AGM, business report for FY2025 (status of financing; top shareholders) contents.xj-storage.jp · 12 Mar 2026

Record ORB-INV-2025-0030. Investments are kept apart from the financings register and never counted in debt totals.

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