Risks Related to KKR’s Shareholding, Exercise of Voting Rights, and Disposal of Shares
First written in FY2024. 6 of 7 entries say "Mitigated", first in FY2025-H1. Latest entry: FY2026.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In May 2026, KKR HKE INVESTMENT L.P. sold all of its shares through a securities company.」
KKR sold all of its shares, further reducing the Company's exposure to KKR's shareholding and exercise of voting rights. - FY2026-H1MitigatedAnnual report
「As of 30 September 2025, KKR's ownership ratio of the total shares issued had decreased to 10.4%. Accordingly, KKR HKE Investment L.P. was no longer the Company's largest shareholder or an other affiliated company.」
KKR's ownership ratio declined to 10.4%, and it was no longer an other affiliated company, reducing the Company's exposure to KKR's shareholding and voting rights. However, as of the filing date, the filing states that KKR had become the largest shareholder and that KKR had seconded directors to the Company. - FY2025MitigatedAnnual report
「Following the secondary offering of shares held by it and the over-allotment offering conducted in July 2024, KKR's ownership ratio of the Company's total voting rights had decreased to 23.5% as of 31 March 2025.」
KKR's ownership ratio declined further, reducing the Company's exposure to KKR's shareholding and exercise of voting rights from the previous fiscal year. - FY2025-H1MitigatedAnnual report
「As of 31 March 2024, KKR held 43.4% of the total number of shares issued by the Company, but following the secondary offering of shares held by it and the over-allotment offering conducted in July 2024, its ownership ratio had decreased to 23.7% of the total shares issued as of 30 September 2024.」
Following KKR's secondary offering and other transactions, its ownership ratio decreased from 43.4% to 23.7%. KKR remains an other affiliated company. - FY2024First statedAnnual report
「KKR HKE Investment L.P. is understood to have a policy of reducing its ownership interest through sales and other means over the medium to long term, but has interests in the Company that differ from those of other general shareholders.」
The filing identifies as risks KKR's policy of reducing its ownership interest over the medium to long term, its interests differing from those of general shareholders, and the possibility of creating security interests over or disposing of shares during the lock-up period.