Reduced Share Liquidity After Listing
First written in FY2023. 3 of 6 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2026-H1AchievedAnnual report
「On 1 December 2025, the Company conducted a stock split at a ratio of 3 shares for every 1 common share.」
The 1-for-3 stock split was implemented on 1 December 2025 as a measure to improve liquidity by lowering the investment unit. - FY2025MitigatedAnnual report
「The purpose is to lower the investment amount per share through a stock split, thereby improving share liquidity and expanding the investor base.」
A stock split was decided as a measure to improve liquidity by lowering the investment unit, providing a specific response to the risk of lower liquidity after listing. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were disclosed to the risk of declining share liquidity after listing. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were disclosed to the risk of declining share liquidity after listing. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No material changes were disclosed to the risk of declining share liquidity after listing. - FY2023First statedAnnual report
「If liquidity declines from the level at the time of listing for any reason, trading in the Company’s shares may stagnate, potentially adversely affecting supply and demand for the shares.」
The Company disclosed the risk of declining liquidity while planning to improve liquidity through a combination of requests for sales by major shareholders, public offerings and stock-option exercises.