Stock liquidity risk arising from a low free-float ratio
First written in FY2022. 2 of 5 entries say "Mitigated", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.
21 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Our free-float ratio was 27.7% as of the end of February 2026.」
The free-float ratio increased from 23.1% at the end of February 2025 to 27.7%, exceeding the 25% continued-listing requirement. - FY2025MitigatedAnnual report
「Our free-float ratio was 23.1% as of the end of February 2025, below the 25% continued-listing requirement prescribed by the Tokyo Stock Exchange.」
Although the free-float ratio increased from 19.8% in the previous period to 23.1%, it remained below the 25% continued-listing requirement. - FY2024WorsenedAnnual report
「The free-float ratio prescribed by the Tokyo Stock Exchange was only 19.8% as of the end of February 2024.」
The free-float ratio declined from 25.2% to 19.8%, worsening the metrics for stock liquidity risk. - FY2023RestatedAnnual report
「The free-float ratio prescribed by the Tokyo Stock Exchange was only 25.2% as of the end of February 2022.」
We continue to identify liquidity risk based on a 25.2% free-float ratio and maintain the policy of improving liquidity through secondary offerings, public offerings and other measures. - FY2022First statedAnnual report
「The free-float ratio prescribed by the Tokyo Stock Exchange was only 25.2% as of the end of February 2022.」
The policy is to improve liquidity through a secondary offering by the parent company, a public offering, requests for directors and business companies to conduct secondary offerings, and the exercise of stock options.