Free-Float Ratio and Declining Market Liquidity
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes to the tradable-share ratio or market liquidity. - FY2024-H1RestatedAnnual report
「During the interim accounting period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were reported to the tradable-share ratio or market liquidity. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were reported to the tradable-share ratio or market liquidity. - FY2023First statedAnnual report
「The tradable-share ratio prescribed by the Tokyo Stock Exchange was 28.9% as of the end of the fiscal year.」
The company plans to improve liquidity through a combination of sales by major shareholders, public offerings and the exercise of stock options.