Komori
Nagaoka International (6239) · RiskWorsened

Management and Share Supply-Demand Risks Associated with the Third-Party Allottee Becoming the Parent Company

First written in FY2017-Q3. 3 of 10 entries say "Restated". Latest entry: FY2026.

10entries
10years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q2RestatedFY2022MitigatedFY2025-H12017: 120172018: 220182019: 120192020: 020202021: 020212022: 320222023: 020232024: 020242025: 120252026: 22026
Same theme, other companies

Nagaoka International moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).

The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.

0 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.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「株式会社ハマダグループ directly owns 53.0% of our voting rights as of 30 June 2026.」

    The parent group’s voting interest rose from 52.56% in the previous disclosure to approximately 53.0%, and voting rights remain concentrated through majority ownership.
  2. 2026-08-24RestatedGovernance

    「Hamada Group Co., Ltd. manages the group's companies and is our parent company, directly owning 53.0% of our voting rights as of 30 June 2026.」

    The company reconfirmed that Hamada Group Co., Ltd. is its parent company and holds a majority of voting rights. The ownership ratio is 53.0%, up from 52.56% in the FY2025 first-half disclosure. It also specifically describes manufacturing outsourcing relationships with the parent group, 1 overlapping director, and the absence of business restrictions.
  3. FY2025-H1MitigatedAnnual report

    「株式会社ハマダグループ 1261-12 Shinzaike, Aboshi-ku, Himeji, Hyogo 3,672,000 52.56」

    株式会社ハマダグループ's ownership ratio declined from 59.2% in the fiscal year ended June 2022 to 52.56%. It still held a majority stake, although the concentration of share ownership by the parent company declined.
  4. FY2022RestatedAnnual report

    「株式会社ハマダグループ directly owns 59.2% of the Company's total issued shares, excluding treasury shares, as of 30 June 2022.」

    After the parent company changed from 株式会社ハマダ to 株式会社ハマダグループ, the Company reiterated the parent group’s 59.2% shareholding and the potential impact on business operations and share supply and demand.
  5. FY2022-Q3ReframedAnnual report

    「At an extraordinary general meeting of shareholders of 株式会社ハマダ held on 28 January 2022, 株式会社ハマダ resolved to transfer shares in affiliated companies, including the Company, to 株式会社ハマダグループ through an absorption-type company split in which the transferring company retained its shares. The transfer took place on 17 February 2022. As a result, 株式会社ハマダグループ became the Company's new parent company, and 株式会社ハマダ ceased to be the parent company.」

    With regard to the parent-company relationship centered on 株式会社ハマダ, formerly the private placement subscriber, the reorganization made 株式会社ハマダグループ the direct parent company, while 株式会社ハマダ ceased to be the direct parent company.
  6. FY2022-Q2MitigatedAnnual report

    「株式会社ハマダ 1261-12 Shinzaike, Aboshi-ku, Himeji, Hyogo 4,172,000 59.18」

    株式会社ハマダ's ownership ratio declined from the previously reported 60.47% to 59.18%. It nevertheless continued to hold a majority stake.
  7. FY2019-Q2WorsenedAnnual report

    「株式会社ハマダ 1261-12 Shinzaike, Aboshi-ku, Himeji, Hyogo 2,086,000 60.47」

    株式会社ハマダ's ownership ratio increased from 51.0% at the end of June 2018 to 60.47% at the end of December 2018, increasing the concentration of voting rights and share ownership by the parent company.
  8. FY2018RestatedAnnual report

    「株式会社ハマダ directly owns 51.0% of the Company's total issued shares, excluding treasury shares, as of 30 June 2018. However, there is no assurance that its views on the Company's management policies and its interests will always align with those of 株式会社ハマダ or 株式会社ハマダコム. The exercise of voting rights and disposal of shares held by 株式会社ハマダ could affect the Company's business operations and the supply-demand relationship for its common shares.」

    The Company continued to disclose 株式会社ハマダ's 51.0% parent-company ownership and its relationship with the parent company, including outsourced manufacturing and real estate leases, and reiterated the potential impact on management policies and share supply and demand.
  9. FY2018-Q2MaterialisedAnnual report

    「株式会社ハマダ 1261-12 Shinzaike, Aboshi-ku, Himeji, Hyogo 1,786,000 50.46」

    株式会社ハマダ, the subscriber in the private placement, held 50.46% of the total issued shares as of 31 December 2017, so the expected transition to parent-company status was reflected in the actual shareholding position.
  10. FY2017-Q3First statedAnnual report

    「If 1,436,000 common shares are issued, 株式会社ハマダ's voting rights ownership ratio in the Company is expected to be 50.86%, based on the total of the 20,757 voting rights as of 31 December 2016 and the 14,360 newly issued voting rights. 株式会社ハマダ would thereby become the Company's parent company.」

    If the private placement is completed, 株式会社ハマダ's voting rights ownership ratio is expected to reach 50.86%, making it the parent company. The disclosure identifies the risk of an impact on business operations and demand for the shares arising from differences in management policies and from the exercise of voting rights or disposal of shares held.
Moved together

"Water-Related Business Segment Turns Profitable" moved the same way as this thread, in the same document, in 4 of its 10 moves.

4222★1234
  1. ★This thread
  2. 1Water-Related Business Segment Turns Profitable4×
  3. 2Profitability and Schedule Risks in Long-Term, Large-Scale Projects2×
  4. 3Borrowing Dependence and Liquidity Risk2×
  5. 4Budgeting and Project Delays in Domestic and Overseas Water-Related Projects2×

★ 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
Nagaoka International's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Governance of 2026-08-24: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.