Komori
OpenWork (5139) · RiskWorsened

Share-liquidity risk after listing

First written in FY2022. 2 of 5 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2025.

5entries
4years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2022MitigatedFY2023-Q3 – FY2023WorsenedFY2024 – FY20252023: 220232024: 120242025: 120252026: 12026
Same theme, other companies
Declining stock liquidity due to insufficient free float after listingA theme 69 companies write about · 66 as a headwind · 3 as a tailwind

OpenWork moved to the "Worse" side of this theme in 2025, 1 year before the typical company in this theme (2026).

The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.

14 other companies' latest entry also says "Worsened".

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.
Showing 14 of the 69 companies compared. The sentences above are computed from all 69.
Full recordFilings, disclosures and news, newest first
  1. FY2025WorsenedAnnual report

    「The free-float ratio prescribed by the Tokyo Stock Exchange was only 28.2% as of 31 December 2025.」

    The free-float ratio declined further from 28.9% at December-end 2024 to 28.2%, indicating a further deterioration in post-listing share-liquidity risk.
  2. FY2024WorsenedAnnual report

    「Our shareholder composition comprises Link and Motivation Inc., our directors and former directors and others. The free-float ratio prescribed by the Tokyo Stock Exchange was only 28.9% as of 31 December 2024.」

    The free-float ratio fell from 33.4% at December-end 2023 to 28.9%, worsening the share-liquidity risk indicator.
  3. FY2023MitigatedAnnual report

    「Our shareholder composition comprises Link and Motivation Inc., our directors and former directors and others. The free-float ratio prescribed by the Tokyo Stock Exchange was only 33.4% as of 31 December 2023.」

    The free-float ratio rose from 27.7% at December-end 2022 to 33.4%. Together with the November 2023 stock split, the company disclosed measures to reduce liquidity risk.
  4. FY2023-Q3MitigatedAnnual report

    「The stock split is intended to reduce the investment unit per share and thereby expand the investor base and improve liquidity.」

    A 1-for-4 stock split dated 2 November 2023 was implemented to expand the investor base and improve share liquidity by reducing the investment unit.
  5. FY2022First statedAnnual report

    「The tradable share ratio prescribed by the Tokyo Stock Exchange was only 27.7% as of 31 December 2022.」

    The Company identifies requests for partial sell-downs by the parent company and officers, and the exercise of stock options, as measures to increase tradable shares and improve liquidity.
Moved together

"Expanding the Working Data Platform" moved the same way as this thread, in the same document, in 2 of its 5 moves.

22222★12345
  1. ★This thread
  2. 1Expanding the Working Data Platform2×
  3. 2Restructuring of the Recruitment Market2×
  4. 3Growing and Enhancing the Value of OpenWork Recruiting2×
  5. 4Stable user acquisition and growth in working data2×
  6. 5Shareholder Dilution From the Exercise of Stock Acquisition Rights2×

★ 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 OpenWork yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Share-liquidity risk after listing | OpenWork Inc. (5139) | Komori