Komori
Mbk (3121) · RiskWorsened

Corporate Governance Impact Risk from Major Shareholder Concentration

First written in FY2016. 9 of 19 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2027-H1.

19entries
11years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseMitigatedFY2017 – FY2019WorsenedFY2021-Q2 – FY2023-Q2WorsenedFY2025-Q1 – FY2026-H12016: 120162017: 120172018: 120182019: 220192020: 220202021: 220212022: 120222023: 220232024: 120242025: 220252026: 42026
Same theme, other companies
Influence of principal shareholders' and founders' voting rights on management and shareholder meetingsA theme 6 companies write about · 6 as a headwind · 0 as a tailwind

Mbk moved to the "Worse" side of this theme in 2020.

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

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. FY2027-H1WorsenedAnnual report

    「アートポートインベスト株式会社 11,634 38.29 株式会社ぽると 4,587 15.10 TOTAL NETWORK HOLDINGS LIMITED 3,132 10.31」

    The three largest shareholders held 63.70% of the voting rights equivalent ownership, up from 63.33% held by the three largest shareholders in the previous fiscal year. This figure indicates an increased possibility of governance impact arising from the concentration of major shareholders.
  2. FY2025MitigatedAnnual report

    「As of the end of the fiscal year, the voting rights held by the Company's three largest shareholders (アートポートインベスト株式会社, 株式会社ぽると and TOTAL NETWORK HOLDINGS LIMITED) totaled 63.33%.」

    The voting rights held by the three largest shareholders declined from 69.23% in the previous fiscal year to 63.33%. However, the concentrated ownership structure representing a majority stake and the possibility of an impact on governance continue.
  3. FY2026-H1WorsenedAnnual report

    「アートポートインベスト株式会社 9,756 33.91 TOTAL NETWORK HOLDINGS LIMITED (standing proxy: 三浦法律事務所 Attorney: 寺田昌弘) 5,412 18.81 株式会社ぽると 5,209 18.11」

    The three largest shareholders held a combined 70.83%, up from 69.23% in the previous annual disclosure. The concentration level indicative of the possibility of governance impact arising from the concentration of major shareholders increased.
  4. FY2024WorsenedAnnual report

    「As of the end of the fiscal year, the voting rights held by the Company's three largest shareholders (アートポートインベスト株式会社, トータルネットワークホールディングスリミテッド and 株式会社ぽると) totaled 69.23%.」

    The voting rights held by the three largest shareholders increased from 66.53% in the previous annual disclosure to 69.23%. The possibility of governance impact arising from the concentration of major shareholders continues.
  5. FY2025-Q1WorsenedAnnual report

    「アートポートインベスト株式会社 9,756 33.33 トータルネットワークホールディングスリミテッド (standing proxy: シティユーワ法律事務所) 5,426 18.54 株式会社ぽると 4,667 15.94」

    The three largest shareholders held a combined 67.81% of the voting rights equivalent ownership, up from 66.53% held by the three largest shareholders in the previous annual disclosure. The concentration level indicative of governance impact risk arising from the concentration of major shareholders increased.
  6. FY2023MitigatedAnnual report

    「As of the end of the fiscal year, the voting rights held by the Company's three largest shareholders (アートポートインベスト株式会社, トータルネットワークホールディングスリミテッド and 株式会社ぽると) totaled 66.53%.」

    The voting rights held by the three largest shareholders declined from the previously reported 67.51% to 66.53%. However, the concentrated ownership structure, with a majority stake, continues.
  7. FY2023MitigatedAnnual report

    「As of the end of the fiscal year, the voting rights held by the Company's three largest shareholders (アートポートインベスト株式会社, トータルネットワークホールディングスリミテッド and 株式会社JKMTファイナンス) totaled 67.51%.」

    The voting rights held by the three largest shareholders declined from 72.09% at the previous quarterly disclosure to 67.51%. However, the possibility of governance impact arising from the concentration of major shareholders continues to be disclosed.
  8. FY2023-Q2WorsenedAnnual report

    「アートポートインベスト株式会社 9,756 33.33 株式会社JKMTファイナンス 5,920 20.22 トータルネットワークホールディングスリミテッド (standing proxy: シティユーワ法律事務所) 5,426 18.54」

    The three largest shareholders held a combined 72.09%, up from the previously reported 69.57%. The concentration level indicative of governance impact risk arising from the concentration of major shareholders increased further.
  9. FY2022-Q2WorsenedAnnual report

    「アートポートインベスト株式会社 9,134 32.91 トータルネットワークホールディングスリミテッド (standing proxy: シティユーワ法律事務所) 5,853 21.09 株式会社JKMTファイナンス 4,322 15.57」

    The three largest shareholders held a combined 69.57%, up from 68.2% at the end of FY2021. The concentration level indicative of governance impact risk arising from the concentration of major shareholders increased.
  10. FY2021WorsenedAnnual report

    「As of the end of the fiscal year, the voting rights held by the Company's three largest shareholders (アートポートインベスト株式会社, トータルネットワークホールディングスリミテッド and 株式会社JKMTファイナンス) totaled 68.2%.」

    The voting rights held by the three largest shareholders increased from 64.8% in the previous fiscal year to 68.2%, raising the concentration level indicative of governance impact risk arising from the concentration of major shareholders.
  11. FY2021-Q2WorsenedAnnual report

    「アートポートインベスト株式会社 8,834 31.70 トータルネットワークホールディングスリミテッド (standing proxy: シティユーワ法律事務所) 5,975 21.44 株式会社JKMTファイナンス 3,599 12.92」

    The combined holdings of the top 3 shareholders amounted to 66.06%, up from the 64.8% reported at the end of FY2020. These figures indicate an increased governance impact risk due to concentration among major shareholders.
  12. FY2020RestatedAnnual report

    「The voting rights held by the Company's 3 largest shareholders (アートポートインベスト株式会社, トータルネットワークホールディングスリミテッド and 株式会社JKMTファイナンス) amounted to 64.8% as of the end of the fiscal year.」

    The voting rights held by the top 3 shareholders were 64.8%, higher than the 59.2% in the previous fiscal year. It also states that there is no joint ownership relationship and indicates an intention to maintain stable holdings and support governance.
  13. FY2020-Q2WorsenedAnnual report

    「アートポートインベスト株式会社 8,235 29.55 トータルネットワークホールディングスリミテッド (standing proxy: シティユーワ法律事務所) 5,975 21.44 株式会社JKMTファイナンス 3,869 13.89」

    The combined holdings equivalent to the voting rights of the top 3 shareholders amount to 64.88% based on the reported holdings. Concentration has increased from the 59.2% voting rights held by the top 3 shareholders in the previous fiscal year.
  14. FY2019MitigatedAnnual report

    「The voting rights held by the Company's 3 largest shareholders (アートポートインベスト株式会社, トータルネットワークホールディングスリミテッド and 株式会社J&K) amounted to 59.2% as of the end of the fiscal year.」

    The voting rights held by the 3 largest shareholders were reported at 59.2%, indicating lower concentration than the 65.2% held by the top 4 shareholders in the previous fiscal year. It also states that there is no joint ownership relationship and indicates an intention to maintain stable holdings and support governance.
  15. FY2018MitigatedAnnual report

    「The voting rights held by the Company's 4 largest shareholders (トータルネットワークホールディングスリミテッド, アートポートインベスト株式会社, 株式会社J&K and 古川令治) amounted to 65.2% as of the end of the fiscal year.」

    The voting rights held by the top 4 shareholders declined from 69.0% in the previous fiscal year to 65.2%. The governance impact risk arising from concentration among major shareholders itself continues.
  16. FY2017MitigatedAnnual report

    「The voting rights held by the Company's 4 largest shareholders (トータルネットワークホールディングスリミテッド, アートポートインベスト株式会社, 株式会社J&K and 古川令治) amounted to 69.0% as of the end of the fiscal year.」

    The voting rights held by the top 4 shareholders declined from the previously reported 71.3% to 69.0%, but the risk associated with concentration among major shareholders continues to be disclosed.
  17. FY2016First statedAnnual report

    「The voting rights held by the Company's 4 largest shareholders (トータルネットワークホールディングスリミテッド, アートポートインベスト株式会社, 株式会社J&K and 古川令治) amounted to 71.3% as of the end of the fiscal year.」

    Identifies the possibility that the exercise of voting rights and disposal of shares by major shareholders may affect governance.
Moved together

"Risk of fluctuations in financial position and operating results" moved the same way as this thread, in the same document, in 8 of its 18 moves.

866655★123456
  1. ★This thread
  2. 1Risk of fluctuations in financial position and operating results8×
  3. 2Expanding the Revenue Base Through New Business Launches6×
  4. 3Securing Growth Funding Through Investment Recovery and Financing6×
  5. 4Business portfolio comprising 3 businesses6×
  6. 5Securing earnings from the operating investment business and managing risk5×
  7. 6Expanding Earnings through Sales and Acquisitions of Rental Properties5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Mbk yet. It last moved in the Treasury shares of 2026-05-08: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Corporate Governance Impact Risk from Major Shareholder Concentration | MBK Co.,Ltd. (3121) | Komori