Decline in Share Liquidity After Listing on the Standard Market
First written in FY2023. 1 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.
22 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The tradable-share ratio prescribed by the Tokyo Stock Exchange was 48.73% as of the end of the fiscal year.」
The tradable-share ratio increased from 44.40% at the end of the previous fiscal year to 48.73%, improving the indicator relevant to the risk of lower liquidity. - FY2024WorsenedAnnual report
「The tradable-share ratio prescribed by the Tokyo Stock Exchange was 44.40% as of the end of the fiscal year.」
The tradable-share ratio declined from 47.03% in the previous disclosure to 44.40%. The policy of improving liquidity through a public offering and stock option exercises continues. - FY2023First statedAnnual report
「As of the filing date of this document, the ratio was 47.03%. Going forward, we plan to improve liquidity by combining measures including raising growth capital through a public offering in line with our business plan and increasing the number of tradable shares through the exercise of stock options.」
The company discloses its tradable-share ratio and identifies a public offering and exercise of stock acquisition rights as means of improving liquidity.