Liquidity and Share-Price Formation Risks Arising from AP Fund’s Shareholdings and Disposals
First written in FY2024. 2 of 4 entries say "Restated". Latest entry: 2026-03-27.
10 other companies' latest entry also says "Mitigated".
- 2026-03-27MitigatedOccurring Fact
「The Company's Representative Director and CEO Aozaki So (青﨑 曹), Director and CFO Yoshida Kazuki (吉田 和樹), and officers of the Company's subsidiaries (collectively, the Company's directors and others) agreed with Strategic PR Investment Limited Liability Partnership, 10X Investment Ltd. and Retweet and Share Ltd., funds for which 株式会社アドバンテッジパートナーズ provides services (collectively, the AP Funds), on the off-market transfer of the Company's shares (the Transaction), and entered into the share transfer agreement on 27 March 2026.」
The AP Funds' combined ownership is expected to decline from 44.47% to 40.47%, while the combined ownership of the Company's directors and others is expected to rise from 2.84% to 6.84%. The risk that the AP Funds' ownership and disposals could affect liquidity and share price formation is shown to be declining as a result of the lower ownership ratio. However, the AP Funds are still expected to hold 40.47%. - FY2025RestatedAnnual report
「Strategic PR Investment Limited Liability Partnership, 10X Investment Ltd. and Retweet and Share Ltd. (collectively, the “AP Fund”) together hold 4,392,824 of the Company’s shares, equivalent to 44.47% of issued shares.」
The combined holding of 4,392,824 shares, or 44.47%, by AP Fund-related entities and the potential impact of future disposals on liquidity and share-price formation continue to be disclosed. - FY2025-H1RestatedAnnual report
「Strategic PR Investment Limited Liability Partnership 3,123,745 31.84; 10X Investment Ltd. 1,007,084 10.26; Retweet and Share Ltd. 261,995 2.67.」
Significant holdings by AP Fund-related entities remain confirmed, totaling 4,392,824 shares. - FY2024First statedAnnual report
「Strategic PR Investment Limited Liability Partnership, 10X Investment Ltd. and Retweet and Share Ltd. together hold 4,392,824 of the Company’s shares, equivalent to 44.47% of issued shares.」
The Company disclosed that the holdings and disposal policies of major shareholders may affect share liquidity and share-price formation. Although most shares were sold at the time of listing, the entities continue to hold a certain number of shares.