Tower Investment Cuts Stakes in Parker, PCA, Shichie to Zero

Tower Investment Management Co. cut its stakes in Parker Corp. (9845), PCA Corp. (9629), Shichie Co. (4724) to zero as of Aug. 29, according to filings today with Japan's Ministry of Finance. Tower Investment also changed its holdings in 10 other companies, according to separate filings. *=Group Total.

Company Name:                      Japan System Techniques Co.
Ticker Code:                       4323 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     76,000
 Percentage of Outstanding Shares: 1.49%
 Previous Percentage Owned:        5.43%

Company Name:                      SK Kaken Co.
Ticker Code:                       4628 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     527,000
 Percentage of Outstanding Shares: 3.36%
 Previous Percentage Owned:        6.26%

Company Name:                      Shichie Co.
Ticker Code:                       4724 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     0
 Percentage of Outstanding Shares: 0.00%
 Previous Percentage Owned:        7.03%

Company Name:                      Ihara Science Corp.
Ticker Code:                       5999 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     587,000
 Percentage of Outstanding Shares: 4.19%
 Previous Percentage Owned:        7.83%

Company Name:                      Asti Corp.
Ticker Code:                       6899 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     736,000
 Percentage of Outstanding Shares: 4.31%
 Previous Percentage Owned:        6.06%

Company Name:                      Fuji Corp.
Ticker Code:                       8860 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     2,663,800
 Percentage of Outstanding Shares: 7.23%
 Previous Percentage Owned:        8.33%

Company Name:                      ES-Con Japan
Ticker Code:                       8892 JP
Report obligation incurred:        Sept. 3
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     69,344
 Percentage of Outstanding Shares: 38.09%
 Previous Percentage Owned:        36.90%

Company Name:                      Morimoto Co.
Ticker Code:                       8899 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     833,900
 Percentage of Outstanding Shares: 6.28%
 Previous Percentage Owned:        5.20%

Company Name:                      Joint Reit Investment Corp.
Ticker Code:                       8973 JP
Report obligation incurred:        Sept. 3
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     22,447
 Percentage of Outstanding Shares: 21.45%
 Previous Percentage Owned:        20.42%

Company Name:                      Life Stage Co.
Ticker Code:                       8991 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     239
 Percentage of Outstanding Shares: 1.34%
 Previous Percentage Owned:        6.07%

Company Name:                      PCA Corp.
Ticker Code:                       9629 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     0
 Percentage of Outstanding Shares: 0.00%
 Previous Percentage Owned:        7.02%

Company Name:                     Saison Information Systems Co.
Ticker Code:                       9640 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     595,600
 Percentage of Outstanding Shares: 3.68%
 Previous Percentage Owned:        7.69%

Company Name:                      Parker Corp.
Ticker Code:                       9845 JP
Report obligation incurred:        Aug. 29
Shareholder:                      Tower Investment Management Co.
 Shares Owned:                     0
 Percentage of Outstanding Shares: 0.00%
 Previous Percentage Owned:        6.87%

To contact the reporters for this story: Akihito Fukuda in Tokyo at afukuda@bloomberg.net;

To contact the editors responsible for this story: Yoshito Okubo at yokubo@bloomberg.net; Steve McPherson at smcpherson@bloomberg.net

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