Nissan Motor becoming the largest shareholder and its impact on business operations
First written in FY2016. 2 of 5 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026-H1.
Mitsubishi Motors moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2024: 4 of 17 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「NISSAN MOTOR CO.,LTD. 357,592,277 26.67」
NISSAN MOTOR CO.,LTD. remains the largest shareholder, but its ownership ratio is now 26.67%, marking a change from the previous capital relationship premised on 34% ownership. - FY2025-H1ReframedAnnual report
「The Company decided to acquire some of its common shares held by NISSAN MOTOR CO.,LTD., its other affiliated company and major shareholder, and to cancel some of the treasury shares acquired.」
Regarding the capital relationship in which NISSAN MOTOR CO.,LTD. held 34.01%, the framework changed from NISSAN MOTOR CO.,LTD.’s holding of the shares to the Company acquiring some of those shares and cancelling some of them. - FY2017-Q2AdvancedAnnual report
「As a result, the voting rights ratio represented by the Company’s common shares to be held by NISSAN MOTOR CO.,LTD. became 34%.」
NISSAN MOTOR CO.,LTD.’s 34% voting interest became effective through completion of the private placement, and the business relationship based on the capital relationship moved from the planned stage to actual implementation. No material impact on business operations itself was reported. - FY2017-Q1AdvancedAnnual report
「If this private placement is completed, the voting rights ratio represented by the Company’s common shares to be held by NISSAN MOTOR CO.,LTD. will be 34% of the Company’s total voting rights.」
The execution of the Strategic Alliance Agreement with NISSAN MOTOR CO.,LTD. advanced the capital relationship, premised on NISSAN MOTOR CO.,LTD. acquiring 34% of the voting rights, as well as the related business relationship, to the contractual stage. However, the acquisition of voting rights is conditional on completion of the private placement. - FY2016First statedAnnual report
「Following implementation of this alliance, the Company is expected to become a member of the Renault-Nissan Alliance and integrate its operations in product and technology development, thereby making effective use of development resources, strengthening product competitiveness and improving the efficiency of procurement, particularly for high-value-added parts. As a result, the exercise of voting rights and other actions by the designated allottee could materially affect the Group’s business operations.」
The disclosure describes uncertainty regarding business operations and the effects of the alliance as NISSAN MOTOR CO.,LTD. becomes a major shareholder, the largest shareholder and an other affiliated company holding 34% of the voting rights.