Control and influence by two major shareholders
First written in FY2022. 4 of 6 entries say "Softened", first in FY2023-Q2. Latest entry: FY2025.
Hybrid Technologies moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
35 other companies' latest entry also says "Other".
- FY2025AirTrip Corp. obtained de facto controlAnnual report
「AirTrip Corp. agreed with Soltec Investments Pte. Ltd., our major shareholder, that Soltec Investments Pte. Ltd. would exercise voting rights with the same content as AirTrip Corp.'s intentions when exercising voting rights in our company. As a result, from 1 October 2025, AirTrip Corp. became our parent company under the de facto control criteria.」
Although the voting-rights percentages held by the 2 major shareholders themselves did not change, the voting agreement between Soltec and AirTrip Corp. resulted in a change in their relationship, with AirTrip Corp. becoming the de facto parent company. - FY2025-H1SoftenedAnnual report
「Soltec Investments Pte. Ltd. 3,952,993 34.68 AirTrip Corp. 3,115,155 27.33」
As of 31 March 2025, Soltec Investments Pte. Ltd. held 34.68% and AirTrip Corp. held 27.33%, with both percentages down from 34.75% and 27.39%, respectively, at the end of the previous fiscal year. - FY2024-Q2SoftenedAnnual report
「Soltec Investments Pte. Ltd. 3,952,993 34.75 AirTrip Corp. 3,115,155 27.39」
As of 31 March 2024, Soltec Investments Pte. Ltd. held 34.75% and AirTrip Corp. held 27.39%, with both percentages down from 35.1% and 30.7%, respectively, at the end of the previous fiscal year. - FY2023SoftenedAnnual report
「As of the end of the current consolidated fiscal year, Soltec Investments Pte. Ltd. held 35.1% of the voting rights in our company, while AirTrip Corp. held 30.7%, including 3.1% held indirectly.」
Soltec's voting-rights percentage fell from 35.41% to 35.1%, while AirTrip Corp.'s combined direct and indirect holding fell from approximately 31.0% to 30.7%. - FY2023-Q2SoftenedAnnual report
「Soltec Investments Pte. Ltd. 3,952,993 35.41 AirTrip Corp. 3,115,155 27.91」
As of 31 March 2023, Soltec Investments Pte. Ltd. held 35.41% of the voting rights and AirTrip Corp. held 27.91%, down from 36.0% and 31.6%, respectively, at the end of the previous fiscal year. The quantitative scale of the influence risk posed by the major shareholders had decreased. - FY2022First statedAnnual report
「As of the end of the current consolidated fiscal year, Soltec Investments Pte. Ltd. held 36.0% of the voting rights in our company, while AirTrip Corp. held 31.6%, including 3.2% held indirectly.」
Shows the voting-rights percentages held by the 2 major shareholders and describes the possibility that changes in management policy or deterioration in operating conditions could affect the company's financial position and operating results.