Liquidity and share price risks arising from changes in the policies of major shareholders and business partners
First written in FY2021. 6 of 8 entries say "Reframed", first in FY2022. Latest entry: 2026-10-12.
WingArc1st moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Other".
- 2026-10-12Otherfinance.yahoo.co.jp
「| 2026/08/26 | IW．DXパートナーズ株式会社 | Change Report | -2.67% | 21.83% | 7,643,470 shares | [PDF(23KB)](/quote/4432.T/profile/majorholdings/pdf/stock_holder_reports/E35628/S100YYVB/4432.pdf) |」
The holdings information for major shareholders was updated, with newly posted reductions in the holdings ratios of major shareholder IW．DXパートナーズ株式会社 and Fidelity. - 2026-05-28ReframedGovernance
「As of 28 February 2026, Toshiba Digital Solutions Corporation was an other affiliated company of the company. However, following the absorption-type merger effective 1 April 2026, in which Toshiba Corporation was the surviving company and Toshiba Digital Solutions Corporation was the absorbed company, the shares in the company held by Toshiba Digital Solutions Corporation were transferred to Toshiba Corporation.」
Following the absorption-type merger, the other affiliated company and the entity holding the shares changed from Toshiba Digital Solutions Corporation to Toshiba Corporation. The disclosed voting-rights ownership ratios were 21.98% for ITOCHU Corporation and 13.24% for Toshiba Corporation. The company also explained that it maintains operational independence from ITOCHU Corporation and Toshiba Corporation while continuing its relationship with them in the data-solutions business. - FY2026ReframedAnnual report
「As of 1 April 2026, 株式会社東芝 became an other affiliated company of ours after acquiring the shares in our company held by 東芝デジタルソリューションズ株式会社 through an absorption-type merger in which 東芝デジタルソリューションズ株式会社 was the absorbed company and 株式会社東芝 was the surviving company. 株式会社東芝 now holds 13.24% of our voting rights.」
Following the absorption-type merger from 東芝デジタルソリューションズ株式会社 to 株式会社東芝, the entities comprising the major business partner and other affiliated company changed. The company continues to explain that its independence and autonomy are maintained, while liquidity and share price risks in the event of policy changes remain. - 2026-04-09ReframedOccurring Fact
「This change resulted from the shares in the company held by Toshiba Digital Solutions Corporation being transferred to Toshiba Corporation in connection with the absorption-type merger effective 1 April 2026, in which Toshiba Digital Solutions Corporation was the absorbed company and Toshiba Corporation was the surviving company.」
The major shareholder and other affiliated company changed from Toshiba Digital Solutions Corporation to Toshiba Corporation, and the voting-rights ownership ratio was updated from 13.27% to 13.24%. - FY2025ReframedAnnual report
「IW.DXパートナーズ株式会社 held 22.02% of our voting rights as of the end of February 2025, making ITOCHU Corporation an other affiliated company of ours. 東芝デジタルソリューションズ株式会社 held 13.27% of our voting rights as of the end of February 2025, and therefore also qualifies as an other affiliated company of ours.」
The ownership interests of ITOCHU Corporation and 東芝デジタルソリューションズ株式会社 were updated to 22.02% and 13.27%, respectively, and the fairness of transaction terms and our independence and autonomy were explained. - FY2024ReframedAnnual report
「IW.DXパートナーズ株式会社 held 22.09% of our voting rights as of the end of February 2024, making ITOCHU Corporation an other affiliated company of ours. 東芝デジタルソリューションズ株式会社 held 13.31% of our voting rights as of the end of February 2024.」
The ownership interests of major business partners were updated to 22.09% and 13.31%, and the fairness of transaction terms and our independence and autonomy were explained. - FY2022ReframedAnnual report
「IW.DXパートナーズ株式会社, whose parent company is ITOCHU Corporation, held 22.39% of our voting rights as of the end of February 2022, making ITOCHU Corporation an other affiliated company of ours. 東芝デジタルソリューションズ株式会社 held 13.49% of our voting rights as of the end of February 2022, and therefore also qualifies as an other affiliated company of ours.」
The relationship with major business partners was updated to reflect ITOCHU Corporation’s 22.39% interest through IW.DXパートナーズ株式会社 and 東芝デジタルソリューションズ株式会社’s 13.49% interest. - FY2021First statedAnnual report
「If the two companies change their management policies or business strategies in the future for any reason, including their policies on holding our shares, this could affect the liquidity of our shares and share price formation.」
Based on ITOCHU Corporation’s 24.90% interest and 東芝デジタルソリューションズ’ 15.00% interest, changes in the policies of the two companies are identified as a risk.