Impact of a Major Shareholder's Share Disposals on Liquidity and Stock Price Formation
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 3 of 15 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As of the end of the fiscal year, Investment Limited Partnership Advantage Partners V, AP Cayman Partners Ⅲ-Ⅰ, L.P., AP Cayman Partners Ⅲ, L.P., Japan Fund Ⅴ,L.P. and Advantage Partners Investment Partnership No. 67 collectively held 22,157,000 shares of the company, representing 22.27% of total shares issued.」
The company continues to disclose the potential impact on liquidity and share price formation arising from the major shareholder funds' holdings and the undecided timing and method of future disposals. - FY2025RestatedAnnual report
「Funds advised by Advantage Partners sold most of their holdings in the company's shares at the time of the company's listing, but continue to hold a certain number of the company's shares after the listing.」
The timing and method of future share disposals by the major shareholder funds remain undecided, and the company continues to disclose the risk that they could affect liquidity and share price formation. The ownership ratio is stated as 22.31%. - FY2022First statedAnnual report
「Funds advised by Advantage Partners sold most of their holdings in the company's shares at the time of the company's listing, but continue to hold a certain number of the company's shares after the listing.」
Funds affiliated with Advantage Partners hold 22,157,000 shares, or 22.97% of total shares issued, indicating that their future disposal policy could affect liquidity and share price formation.