Disposals of Shares by Major Shareholders, Free-Float Ratio and Continued Listing Criteria
First written in FY2025. 1 of 3 entries say "Mitigated", first in FY2026-H1. Latest entry: 2026-02-26.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- 2026-02-26OtherOccurring Fact
「We confirmed that the percentage of voting rights held relative to the total number of voting rights of all shareholders fell below 10%, and that the shareholder ceased to qualify as a major shareholder.」
It was disclosed that BCPE Pangea Cayman, L.P.'s voting-rights ownership ratio fell from 15.15% to 8.12%. No impact on the tradable share ratio or listing maintenance criteria was stated. - FY2026-H1MitigatedAnnual report
「As of 30 September 2025, the Company complied with the Prime Market listing maintenance criteria. Accordingly, the risk concerning the application of the special exception for a new listing involving a large public offering or secondary offering and the liquidity of the Company’s common shares, which was included in the previous annual securities report, has been deleted.」
Compliance with the Prime Market listing maintenance criteria was confirmed, and the related liquidity risk disclosure was deleted. - FY2025First statedAnnual report
「The Company plans to pursue growth measures aimed at increasing corporate value so as to achieve a tradable share ratio of at least 35%, the listing maintenance criterion prescribed by the TSE, by the date 5 years after the day following the end of the first fiscal year ending after the listing, in order to maintain the listing of its shares.」
The Company aims to achieve a tradable share ratio of at least 35%, while disclosing the risk that sales by major shareholders could reduce market liquidity.