Impact on Share Price and Voting Rights from Declining Ownership by Major Shareholders
First written in FY2025. 1 of 3 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Green Monster moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「As of the end of the consolidated fiscal year, the Company's largest shareholder was Sumo Japan Ventures Segregated Portfolio of Fundviews SPC Ltd. ("Sumo Japan"). It held 909,840 shares of the Company, representing 28.14% of the 3,233,000 shares issued (excluding treasury shares).」
The focus of risk has shifted from the risk associated with the decline in the representative director's ownership stake to the impact on the share price and voting rights of a change in Sumo Japan's investment policy or a sale by the overseas investor, which holds 28.14%. - FY2026-H1MaterialisedAnnual report
「The shares owned by Ogawa Ryo (小川亮) are stated on a beneficial-ownership basis, including the 40,000 shares owned by Don’t Look Back in Anger Co., Ltd.」
The beneficial ownership interest of representative director Ogawa Ryo (小川亮) and his asset-management company declined from 36.70% at the end of the previous fiscal year to 202,760 shares, or 6.37%, as of 31 December 2025, meaning the previously disclosed risk of a decline in the major shareholder’s interest has materialized as an actual change in ownership. - FY2025First statedAnnual report
「As of the end of the consolidated fiscal year, the number of shares of the company owned by our representative director, Ogawa Ryo (小川亮), including those held by Don’t Look Back in Anger Co., Ltd., his asset-management company, was 1,150,000, equivalent to 36.70% of the 3,132,800 shares issued, excluding treasury shares.」
The representative director and his asset-management company are described as stable shareholders with a 36.70% ownership interest, while a future decline in that interest is identified as a risk to market value and voting rights.