Who has been buying Link and Motivation Inc. stock?

6 distinct investors have filed 11 disclosed large-shareholding filings in Link and Motivation Inc. (2170), most recently on 2025-11-20. Each filer, their role, the number of shares and the price at filing are listed in the table on this page.

How many insider filings does Link and Motivation Inc. have?

Link and Motivation Inc. has 11 buy-side and 12 sell-side disclosures on record, covering ¥47.7B ($307.9M) in total reported value, spanning 2021-06-30 to 2025-11-20.

Where does StockDrifts get Link and Motivation Inc. insider data?

From EDINET large-shareholding (5%+) reports — the official filing system run by the Financial Services Agency (Japan). StockDrifts parses each disclosure and matches it to daily price history; the original filings remain available directly from EDINET.

Do insider buys in Japanese stocks predict returns?

Not uniformly. StockDrifts scored 101,000+ Japanese large-shareholding filings on fixed 12-month forward returns and found the predictive power concentrated in specific filer types and filing patterns rather than spread evenly across all disclosures.

Link and Motivation Inc. 2170

Company

株式会社リンクアンドモチベーションLink and Motivation Inc.

Investors

Buys

Total Value

¥47.7B ($307.9M)

Avg Return

+3.78%

Last Filing

2025-11-20

Link and Motivation Inc. (2170) has 11 disclosed large-shareholding filings and 12 disclosed disposals on record, filed by 6 distinct investors. Together those filings cover ¥47.7B ($307.9M) in reported transaction value. The earliest filing StockDrifts holds for Link and Motivation Inc. is dated 2021-06-30; the most recent is 2025-11-20. All of it is parsed from EDINET large-shareholding (5%+) reports, the official disclosure system operated by the Financial Services Agency (Japan). Across these filings the average return since disclosure is +3.78%, measured from each filing date to the latest available close.

Price & insider activity (12 months)

Recent filings

Date	Type	Source	Insider	Purpose	Shares	Price at filing	Return	Value
2026-06-11	BUY	unknown	株式会社ユウキ	strategic	9.6M	¥554	+5.8%	¥5.3B ($34.1M)
2026-06-11	BUY	unknown	株式会社トキオ	strategic	9.6M	¥554	+5.8%	¥5.3B ($34.1M)
2026-06-11	BUY	unknown	小笹芳央	activist	2.2M	¥554	+5.8%	¥1.2B ($7.9M)
2026-06-11	SELL	unknown	株式会社フェニックス	strategic	17.4M	¥554	-5.8%	¥11.2B ($72.6M)
2026-06-11	BUY	unknown	株式会社ユウキ	strategic	9.6M	¥554	+5.8%	¥5.3B ($34.1M)
2026-06-11	BUY	unknown	株式会社トキオ	strategic	9.6M	¥554	+5.8%	¥5.3B ($34.1M)
2026-06-11	BUY	unknown	小笹芳央	activist	2.2M	¥554	+5.8%	¥1.2B ($7.9M)
2026-06-11	SELL	unknown	株式会社フェニックス	strategic	18.6M	¥554	-5.8%	¥10.6B ($68.2M)
2025-11-20	SELL	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	37.7M	¥479	-15.2%	¥627M ($4.0M)
2025-11-20	SELL	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	37.7M	¥479	-15.2%	¥627M ($4.0M)
2025-11-20	SELL	unknown	小笹芳央 Yoshihisa Ozasa	activist	2.2M	¥479	-15.2%	¥377M ($2.4M)
2025-11-20	SELL	unknown	小笹芳央 Yoshihisa Ozasa	activist	2.2M	¥479	-15.2%	¥377M ($2.4M)
2025-08-26	SELL	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	39.0M	¥581	+5.0%	¥838M ($5.4M)
2025-08-26	SELL	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥581	+5.0%	¥39M ($250K)
2025-08-26	SELL	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	39.0M	¥581	+5.0%	¥838M ($5.4M)
2025-08-26	SELL	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥581	+5.0%	¥39M ($250K)
2025-06-02	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥521	+6.0%	¥1.6B ($10.1M)
2025-06-02	SELL	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	39.7M	¥521	-6.0%	¥568M ($3.7M)
2025-02-26	BUY	Market Buy	株式会社フェニックス Phoenix Co., Ltd.	strategic	40.8M	¥575	-4.0%	¥194M ($1.3M)
2025-02-26	BUY	Market Buy	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥575	-4.0%	¥63M ($404K)
2024-05-30	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	42.0M	¥430	+28.4%	¥18.1B ($116.5M)
2024-05-30	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥430	+28.4%	¥1.3B ($8.3M)
2023-07-04	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	42.0M	¥428	+29.0%	¥18.0B ($116.0M)
2023-07-04	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	42.0M	¥428	+29.0%	¥18.0B ($116.0M)
2023-07-04	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥428	+29.0%	¥1.3B ($8.3M)
2023-07-04	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥428	+29.0%	¥1.3B ($8.3M)
2022-02-07	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	42.0M	¥470	+17.4%	¥19.7B ($127.4M)
2022-02-07	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	42.0M	¥470	+17.4%	¥19.7B ($127.4M)
2022-02-07	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥470	+17.4%	¥1.4B ($9.1M)
2022-02-07	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥470	+17.4%	¥1.4B ($9.1M)
2022-01-07	BUY	unknown	野村證券株式会社 Nomura Securities Co.,Ltd.	other	2.4M	¥493	+12.0%	¥1.2B ($7.6M)
2022-01-07	BUY	unknown	野村アセットマネジメント株式会社 Nomura Asset Management Co., Ltd.	other	1.3M	¥493	+12.0%	¥22M ($144K)
2022-01-07	BUY	unknown	ノムラセキュリテーズインターナショナル NOMURA SECURITIES INTERNATIONAL,Inc.	other	130.7K	¥493	+12.0%	¥67M ($432K)
2022-01-07	SELL	unknown	ノムラインターナショナルピーエルシー NOMURA INTERNATIONAL PLC	other	64.8K	¥493	-12.0%	¥67M ($432K)
2021-12-22	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	42.0M	¥558	-1.1%	¥23.2B ($149.6M)
2021-12-22	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	42.0M	¥558	-1.1%	¥23.2B ($149.6M)
2021-12-22	SELL	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥558	+1.1%	¥114M ($733K)
2021-12-22	SELL	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.0M	¥558	+1.1%	¥114M ($733K)
2021-12-20	BUY	unknown	野村アセットマネジメント株式会社 Nomura Asset Management Co., Ltd.	other	1.2M	¥531	+4.0%	¥658M ($4.2M)
2021-12-20	BUY	unknown	ノムラセキュリテーズインターナショナル NOMURA SECURITIES INTERNATIONAL,Inc.	other	0	¥531	+4.0%	-
2021-12-20	BUY	unknown	ノムラインターナショナルピーエルシー NOMURA INTERNATIONAL PLC	other	206.5K	¥531	+4.0%	¥110M ($707K)
2021-12-20	BUY	unknown	野村證券株式会社 Nomura Securities Co.,Ltd.	other	4.2M	¥531	+4.0%	¥2.2B ($14.5M)
2021-12-13	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.2M	¥605	-8.8%	¥1.9B ($12.5M)
2021-12-13	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	45.2M	¥605	-8.8%	¥27.3B ($176.4M)
2021-06-30	BUY	unknown	株式会社フェニックス Phoenix Co., Ltd.	strategic	45.2M	¥782	-29.4%	¥35.3B ($228.0M)
2021-06-30	BUY	unknown	小笹芳央 Yoshihisa Ozasa	activist	3.2M	¥782	-29.4%	¥2.5B ($16.2M)

Frequently asked questions

Who has been buying Link and Motivation Inc. stock?: 6 distinct investors have filed 11 disclosed large-shareholding filings in Link and Motivation Inc. (2170), most recently on 2025-11-20. Each filer, their role, the number of shares and the price at filing are listed in the table on this page.
How many insider filings does Link and Motivation Inc. have?: Link and Motivation Inc. has 11 buy-side and 12 sell-side disclosures on record, covering ¥47.7B ($307.9M) in total reported value, spanning 2021-06-30 to 2025-11-20.
Where does StockDrifts get Link and Motivation Inc. insider data?: From EDINET large-shareholding (5%+) reports — the official filing system run by the Financial Services Agency (Japan). StockDrifts parses each disclosure and matches it to daily price history; the original filings remain available directly from EDINET.
Do insider buys in Japanese stocks predict returns?: Not uniformly. StockDrifts scored 101,000+ Japanese large-shareholding filings on fixed 12-month forward returns and found the predictive power concentrated in specific filer types and filing patterns rather than spread evenly across all disclosures.

Source filings

Every trade listed above is disclosed in EDINET large-shareholding (5%+) reports, filed with the Financial Services Agency (Japan). View the original EDINET filings for Link and Motivation Inc.. For how StockDrifts scores these disclosures, see the Japan insider signal tier research, or browse every Japanese stock we track.