Impact of Share Sales by Venture Capital Firms and Other Large Shareholders on Market Supply and Demand and Share Price
First written in FY2017-Q3. 3 of 4 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2019: 2 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
A comprehensive disclosure states that there have been no material changes concerning the risk that share sales by venture capital firms and others will affect market supply and demand and the share price. - FY2023-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
A comprehensive disclosure states that there have been no material changes concerning the risk that share sales by venture capital firms and others will affect market supply and demand and the share price. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
It is stated that there have been no material changes concerning the risk that share sales by venture capital firms and others will affect market supply and demand and the share price. - FY2017-Q3First statedAnnual report
「As of the end of the current consolidated accounting period, the total number of shares issued by the Company was 16,661,700. Of this total, venture capital firms and investment partnerships formed by venture capital firms (collectively, “venture capital firms and others”) held 5,073,100 shares, equivalent to 30.4% of the total shares issued. After the Company’s listing, venture capital firms and others may sell all or some of their holdings depending on the share price performance. In that event, the balance of supply and demand for the Company’s shares in the stock market may be disrupted in the short term, potentially affecting the market price of the Company’s shares.」
The sale of shares held by venture capital firms and others after listing has been disclosed as a new risk to market supply and demand and the share price, together with the 30.4% holding ratio.