Post-Listing Stock Liquidity
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 listed shares in circulation as defined by Tokyo Stock Exchange, Inc. was 45.1% as of the end of the consolidated fiscal year.」
The ratio of listed shares in circulation increased from 43.4% at the end of the previous fiscal year to 45.1%. - FY2025WorsenedAnnual report
「The ratio of listed shares in circulation as defined by Tokyo Stock Exchange, Inc. was 43.4% as of the end of the fiscal year.」
The company states that the ratio of listed shares in circulation declined from 46.9% at listing to 43.4%. - FY2024First statedAnnual report
「The ratio of listed shares in circulation as defined by Tokyo Stock Exchange, Inc. was 46.9% at the time of listing. Going forward, the company intends to improve liquidity through a combination of measures, taking into account the procurement of growth capital through public offerings in line with its business plans and the increase in listed shares in circulation resulting from the exercise of stock options.」
The company states that lower liquidity could lead to stagnant trading in the market and adversely affect supply and demand.