Risk from Share Sales by Major Shareholder Funds and the Tradable Share Ratio
First written in FY2024. 3 of 5 entries say "Mitigated", first in FY2025. Latest entry: 2026-10-15.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- 2026-10-15MitigatedResults presentationSuggests it is closing out
「潜在的な売出の可能性が無くなったことにより、M&Aなどの重要な経営判断をより積極的に検討可能に」
大株主ファンドの売出完了により、同ファンドによる潜在的な追加売出しに関する懸念が解消したと記載している。 - FY2026MitigatedAnnual report
「At a Board of Directors meeting dated 27 July 2026, the company resolved to conduct a secondary offering of 1,398,900 common shares held by Endeavor United No. 2 Investment Limited Partnership, one of the company's major shareholders, and an additional offering of 209,800 common shares through an over-allotment. Upon completion of the offering, the partnership ceased to qualify as a major shareholder of the company.」
The major shareholder fund conducted a secondary offering of 1,398,900 shares and an over-allotment of 209,800 shares, resulting in a voting rights ratio of 0.00% after settlement on 12 August 2026. Although the risk of fluctuations in supply and demand due to future sales remains, exposure to concentration among major shareholders and the free-float ratio has declined. - 2026-08-04AdvancedOccurring Fact
「当社株式の売出しに関し、売出価格等が下記のとおり決定されましたので、お知らせいたします。」
株式売出しの実行条件が具体化した。売出価格は1株1,680円、売出価格の総額は2,350,152,000円、受渡期日は2026年8月12日とされた。オーバーアロットメントによる売出しについても、209,800株の売出し条件が開示されている。 - FY2025MitigatedAnnual report
「Endeavor United No. 2 Investment Limited Partnership sold 1,346,400 shares at the time of the company's listing, but is expected to continue holding a certain number of the company's shares.」
The major shareholder fund sold 1,346,400 shares at the time of listing, reducing its holding ratio from 53.86% in the previous fiscal year to 50.79%, while the risk of fluctuations in supply and demand due to future sales remains. - FY2024First statedAnnual report
「As of the date of submission of this document, Endeavor United No. 2 Investment Limited Partnership, managed by Endeavor United Co., Ltd., holds 2,104,852 shares, representing 53.86% of the total number of issued shares.」
The company identifies fluctuations in supply and demand and the impact on share price formation arising from future share sales by the fund, as well as a free-float ratio close to the listing maintenance threshold, as risks. It plans to improve liquidity through a public offering, requests for secondary offerings from existing shareholders, and the exercise of stock acquisition rights.