Impact of the Controlling Shareholder’s Share Sale on Market Prices and Voting Rights
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As of the filing date, Ikishima Kenzaburo (幾嶋研三郎) owns 63.21% of the total number of issued shares. Ikishima Kenzaburo (幾嶋研三郎) continues to hold a certain level of voting rights as a stable shareholder and intends, when exercising those voting rights, to pursue the common interests of shareholders while also taking minority shareholders' interests into consideration. However, if these shares in the Company are sold for any reason and his ownership percentage declines, this could affect the market price of the Company's shares and the exercise of voting rights.」
The risk that sales of shares by the controlling shareholder or a decline in his ownership percentage could affect the market price and the exercise of voting rights continues to be disclosed. - FY2025RestatedAnnual report
「As of the filing date, Ikishima Kenzaburo (幾嶋研三郎) owns 63.6% of the total number of issued shares.」
The risk that sales of shares by the controlling shareholder or a decline in his ownership percentage could affect the market price and the exercise of voting rights continues to be disclosed. - FY2024First statedAnnual report
「As of the filing date, Ikishima Kenzaburo (幾嶋研三郎) owns 63.8% of the total number of issued shares. Ikishima Kenzaburo (幾嶋研三郎) continues to hold a certain level of voting rights as a stable shareholder and intends, when exercising those voting rights, to pursue the common interests of shareholders while also taking minority shareholders' interests into consideration. However, if these shares in the Company are sold for any reason and his ownership percentage declines, this could affect the market price of the Company's shares and the exercise of voting rights.」
The potential impact of a decline in the controlling shareholder's ownership percentage or sales of shares on the market price and the exercise of voting rights has been newly identified as a risk.