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circlace Inc (5029) · RiskMajor shareholder composition and relationship updatedLatest M&A and Subsidiary Changes (2026-10-22): "Reframed"

Relationship with Pasona Group Inc. and TQUILA LIMITED

First written in FY2022. 6 of 14 entries say "Softened", first in FY2023. Latest entry: 2026-10-22.

14entries
5years
7from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2022SoftenedFY2023 – 2026-06-122022: 120222023: 220232024: 220242025: 120252026: 82026
Same theme, other companies
Conflict-of-interest risk arising from capital relationships with the parent company and major shareholderA theme 10 companies write about · 11 as a headwind · 0 as a tailwind

circlace Inc moved to the "Worse" side of this theme in 2023.

1 other company's latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026Major shareholder composition and relationship updatedAnnual report

    「Pasona Group Inc. held 32.89% of the company's total issued shares as of the end of the fiscal year ... TQUILA LIMITED held 35.04% of the company's total issued shares.」

    Pasona Group Inc.’s ownership percentage was 32.89%, while TQUILA LIMITED’s was 35.04%. TQUILA LIMITED’s ¥79.588 million in bonds with subscription rights to shares was converted into shares, and the explanations regarding the major shareholders and personal relationships were also updated.
  2. 2026-06-12SoftenedTreasury Stock

    「TQUILA LIMITED: Number of shares held before transfer 1,534,200; ownership ratio before transfer 35.04%; number of shares held after transfer 1,380,200; ownership ratio after transfer 31.52%」

    TQUILA LIMITED's number and percentage of shares held declined, while those held by Sato Tsukasa increased from 125,000 shares, or 2.86%, to 279,000 shares, or 6.37%. There was no change in the status of major shareholders or other affiliated companies.
  3. FY2026-H1SoftenedAnnual report

    「Pasona Group Inc. 1-5-1 Marunouchi, Chiyoda-ku, Tokyo 1,440,000 32.98」

    In the list of major shareholders as of 30 September 2025, Pasona Group Inc.’s ownership percentage was 32.98%, down from 33.19% in the previous disclosure.
  4. FY2025-H1SoftenedAnnual report

    「Pasona Group Inc. 1,440,000 33.19 TQUILA LIMITED 1,390,000 32.04」

    As of 30 September 2024, the ownership percentages were 33.19% for Pasona Group Inc. and 32.04% for TQUILA LIMITED, down from 33.69% and 32.52%, respectively, at the end of the previous fiscal year.
  5. FY2024SoftenedAnnual report

    「Pasona Group Inc. held 33.69% of the company's total issued shares as of the end of the fiscal year, and the company was an equity-method affiliate of Pasona Group Inc. TQUILA LIMITED held 32.52% of the company's total issued shares as of the end of the fiscal year.」

    Pasona Group Inc.’s ownership percentage edged down from 33.74% to 33.69%, while TQUILA LIMITED’s declined from 32.57% to 32.52%.
  6. FY2024-Q2SoftenedAnnual report

    「Pasona Group Inc. 1,440,000 33.74 TQUILA LIMITED 1,390,000 32.57」

    As of 30 September 2023, the ownership percentages were 33.74% for Pasona Group Inc. and 32.57% for TQUILA LIMITED, down from 34.07% and 32.88%, respectively, at the end of the previous fiscal year. Both companies remain major shareholders.
  7. FY2023SoftenedAnnual report

    「Pasona Group Inc. held 34.07% of the company's total issued shares as of the end of the fiscal year, and the company was an equity-method affiliate of Pasona Group Inc. TQUILA LIMITED held 32.88% of the company's total issued shares as of the end of the fiscal year.」

    The ownership percentages of Pasona Group Inc. and TQUILA LIMITED declined from 42.99% and 41.49% in the previous disclosure, respectively, but both continue to be major shareholders, with explanations provided regarding their relationships, transactions and interlocking directorships.
  8. FY2022First statedAnnual report

    「Pasona Group Inc. held 42.99% of the company’s total issued shares as of the filing date, making the company an equity-method affiliate of Pasona Group Inc. TQUILA LIMITED held 41.49% of the company’s total issued shares as of the filing date.」

    The company discloses the major shareholders’ ownership percentages and risks relating to transactions, interlocking directorships and the possibility of future competition.
Moved together

"Dilution from the Exercise of Stock Acquisition Rights" moved the same way as this thread, in the same document, in 5 of its 14 moves.

532★123
  1. ★This thread
  2. 1Dilution from the Exercise of Stock Acquisition Rights5×
  3. 2Economic Conditions and Investment Trends in the Cloud Market3×
  4. 3Revenue Growth Across All Services and Return to Profitability2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for circlace Inc yet. It last moved in the M&A and Subsidiary Changes of 2026-10-22: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Relationship with Pasona Group Inc. and TQUILA LIMITED | circlace Inc (5029) | Komori