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Forcia (304A) · RiskRestated

Free-Float Ratio and Proximity to Listing Maintenance Criteria

First written in FY2025. 2 of 4 entries say "Restated". Latest entry: FY2027-H1.

4entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2025 – FY2026-H1SoftenedFY20262025: 220252026: 22026
Same theme, other companies
Declining stock liquidity due to insufficient free float after listingA theme 69 companies write about · 66 as a headwind · 3 as a tailwind

The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.

11 other companies' latest entry also says "Restated".

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.
Showing 14 of the 69 companies compared. The sentences above are computed from all 69.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1RestatedAnnual report

    「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」

    The Company states that there have been no material changes in the risks associated with stock liquidity and maintaining its listing.
  2. FY2026SoftenedAnnual report

    「Because of the high ownership ratio of major shareholders, among other factors, the company's shares may not have sufficient liquidity in the market.」

    The disclosure has been revised from specific references to the prior-period free-float ratio of 29.4% and proximity to the listing maintenance criteria to a general description of share liquidity risk.
  3. FY2026-H1RestatedAnnual report

    「During the six-month period, there were no material changes in the occurrence of major risks that management recognises as potentially having a material impact on the company’s financial position, results of operations or cash flow, among the matters concerning the business and accounting situation described in the semiannual report, nor were there any material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes regarding proximity to the free-float ratio and listing maintenance criteria.
  4. FY2025First statedAnnual report

    「The free-float ratio prescribed by the Tokyo Stock Exchange Growth Market was only 29.4% as of 28 February 2025, and the free-float market capitalization was close to the listing maintenance criteria prescribed by the market.」

    The company's policy is to improve liquidity by requesting that major shareholders sell part of their holdings.
Moved together

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Free-Float Ratio and Proximity to Listing Maintenance Criteria | FORCIA,Inc. (304A) | Komori