Komori
Japan Petroleum Exploration (1662) · RiskSlight decline in the government’s holding ratio

Impact on Share Price from Additional Sales of Government-Held Shares

First written in FY2016. 2 of 12 entries say "Restated". Latest entry: FY2025.

12entries
10years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseOtherFY2016 – FY20252016: 120162017: 120172018: 020182019: 020192020: 120202021: 120212022: 220222023: 220232024: 320242025: 12025
Same theme, other companies
Market and Management Risk from Government Share Sales and InfluenceA theme 3 companies write about · 3 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025Slight decline in the government’s holding ratioAnnual report

    「The Minister’s holding ratio as of the end of the fiscal year ended March 2025 was 37.84%.」

    The Minister of Economy, Trade and Industry’s holding ratio declined slightly from 37.88% in the previous fiscal year to 37.84%. The risk of an impact on the share price from additional sales remains.
  2. FY2025-H1Increase in the government’s holding ratioAnnual report

    「As a result, the government’s (the Minister of Economy, Trade and Industry’s) ownership ratio increased from 36.72% to 37.88%.」

    The Minister of Economy, Trade and Industry’s ownership ratio increased from 36.72% to 37.88% due to a change in the method of acquiring and cancelling treasury shares.
  3. FY2024Update to the government’s holding ratioAnnual report

    「Minister of Economy, Trade and Industry 1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 19,432,724 36.72」

    As of 31 March 2024, the Minister of Economy, Trade and Industry’s ownership ratio was disclosed as 36.72%. The disclosure continues to state that the ratio is expected to increase further through the acquisition and cancellation of all treasury shares between November 2023 and August 2024.
  4. FY2024-Q3Progress in the execution of the treasury share acquisitionAnnual report

    「At a Board of Directors meeting held on 10 November 2023, the Company resolved matters relating to the acquisition of treasury shares and acquired 510,800 treasury shares during the third quarter of the fiscal year under review.」

    The treasury share acquisition that was expected to increase the government’s (the Minister of Economy, Trade and Industry’s) ownership ratio was executed through the acquisition of 510,800 shares during the third quarter of the fiscal year under review. The plan to cancel all of the shares and increase the government’s ownership ratio remains in place.
  5. FY2024-Q2Expected increase in the government’s holding ratio through the acquisition and cancellation of treasury sharesAnnual report

    「In addition, the Company resolved at a Board of Directors meeting held on 10 November 2023 to acquire and cancel treasury shares. Based on this resolution, the Company plans to acquire its common shares through market purchases under a discretionary trading agreement for the acquisition of treasury shares between 13 November 2023 and 30 August 2024 and cancel all of the acquired shares on 30 September 2024. As a result of the cancellation, the government’s (the Minister of Economy, Trade and Industry’s) ownership ratio is expected to increase from 35.79%.」

    The plan to acquire and cancel treasury shares is expected to increase the government’s (the Minister of Economy, Trade and Industry’s) ownership ratio from 35.79%.
  6. FY2024-Q1Termination of the memorandum of understanding with the governmentAnnual report

    「In connection with the government’s (the Minister of Economy, Trade and Industry’s) holding of the Company’s shares, the Company had entered into a memorandum of understanding with the government providing for consultation on changes to the Articles of Incorporation; increases or decreases in capital or the issuance of bonds; settlement of accounts and disposition of profits; the transfer or acquisition of part or all of the business; decisions on candidates for officers; and matters having a material impact on assets or business management. The memorandum was terminated on 3 July 2023.」

    The memorandum of understanding setting out matters for consultation with the Company in connection with the government’s shareholding was terminated on 3 July 2023. Separately from the impact of additional sales on the share price, the framework for consultation and involvement with the government has changed.
  7. FY2023-Q2Increase in the government’s holding ratioAnnual report

    「As a result, the government’s (the Minister of Economy, Trade and Industry’s) ownership ratio increased from 34.88% to 35.79%.」

    The Minister of Economy, Trade and Industry’s ownership ratio increased from 34.88% to 35.79% in connection with the acquisition and cancellation of 2,854,700 treasury shares. The possibility of additional sales by the government and the risk of an impact on the share price remain.
  8. FY2022Update to the government’s holding ratioAnnual report

    「As of 31 March 2022, the Minister’s ownership ratio calculated after deducting treasury shares was 34.88%. The remaining shares may also continue to be sold, and depending on the timing, method and volume of such sales, they may affect the Company’s share price.」

    The government’s (the Minister of Economy, Trade and Industry’s) ownership ratio was updated from 34.00% to 34.88% due to the acquisition and cancellation of treasury shares and other factors. The risk of an impact on the share price from additional sales remains.
  9. FY2022-Q2Expected increase in the government’s holding ratioAnnual report

    「The Company resolved at a Board of Directors meeting held on 9 November 2021 to acquire and cancel treasury shares. Based on this resolution, the Company plans to acquire its common shares through market purchases on the Tokyo Stock Exchange between 10 November 2021 and 9 November 2022 and cancel all of the acquired shares on 30 November 2021. As a result of the cancellation, the government’s (the Minister of Economy, Trade and Industry’s) ownership ratio is expected to increase from 34.00%.」

    The Company disclosed that the Minister of Economy, Trade and Industry’s ownership ratio is expected to increase from 34.00% as a result of the acquisition and cancellation of treasury shares.
  10. FY2020RestatedAnnual report

    「The remaining shares may also continue to be sold, and depending on the timing, method and volume of such sales, they may affect the Company’s share price.」

    The possibility of sales of the remaining government-held shares and the impact on the share price continue to be disclosed.
  11. FY2017RestatedAnnual report

    「The remaining shares may also continue to be sold, and depending on the timing, method and volume of such sales, they may affect the Company’s share price.」

    The possibility of sales of the remaining government-held shares and the impact on the share price continue to be monitored.
  12. FY2016First statedAnnual report

    「The remaining shares may also continue to be sold, and depending on the timing, method and volume of such sales, they may affect the Company’s share price.」

    The possibility of additional sales by the government was identified as a risk, against the backdrop of the 34.00% holding ratio of the Minister of Economy, Trade and Industry.
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