Securing Share Liquidity After Listing
First written in FY2024. 1 of 3 entries say "Worsened", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.
22 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The ratio of tradable shares prescribed by the Tokyo Stock Exchange was 26.4% as of the end of the fiscal year.」
The ratio of tradable shares increased from 25.4% in the previous fiscal year to 26.4%. The policy of improving liquidity through public offerings, requests for secondary offerings and the exercise of stock acquisition rights remains in place. - FY2025WorsenedAnnual report
「The ratio of tradable shares prescribed by the Tokyo Stock Exchange was 25.4% as of the end of the consolidated fiscal year. Going forward, the company plans to improve liquidity through a combination of measures, taking into consideration the procurement of growth capital through a public offering in line with its business plan, requests for partial secondary offerings by major shareholders and officers, and the increase in tradable shares resulting from the exercise of stock options.」
The free-float ratio fell from 26.7% to 25.4%, while measures to improve liquidity continue to be disclosed. - FY2024First statedAnnual report
「The ratio of tradable shares prescribed by the Tokyo Stock Exchange was 26.7% as of the end of the consolidated fiscal year. Going forward, the company plans to improve liquidity through a combination of measures, taking into consideration the procurement of growth capital through a public offering in line with its business plan, requests for partial secondary offerings by major shareholders and officers, and the increase in tradable shares resulting from the exercise of stock options.」
The company reports a 26.7% tradable share ratio and describes measures to improve liquidity through a public offering, requests for secondary offerings and the exercise of stock options.