Impact of substantial share sales by large shareholders on liquidity and market prices
First written in FY2017-Q2. 1 of 3 entries say "Mitigated", first in FY2017. Latest entry: FY2018.
The whole theme swung hardest in 2019: 3 of 15 companies on the "Worse" side.
10 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual reportThere is no current-year disclosure concerning the impact of a large-scale share sale by a major shareholder on liquidity and the market share price. Following the response through the previous fiscal year’s tender offer for treasury shares, the matter is no longer disclosed as a risk.
- FY2017MitigatedAnnual report
「The treasury shares acquired during the current fiscal year were purchased through the tender offer resolved at the Board of Directors meeting held on 7 November 2016. The number of shares purchased was 5,000,000, for a total acquisition cost of ¥3,805 million.」
The Company conducted the tender offer for treasury shares, which was decided in response to the impact on liquidity and the market share price of a large-scale share sale by major shareholders and others, thereby progressing its response to the release of those shares. - FY2017-Q2First statedAnnual report
「In response, after comprehensively considering the impact on the liquidity and market share price of the Company’s shares from a large number of shares being temporarily released into the market, as well as the Company’s financial condition and other factors, the Company began specific consideration of acquiring those shares as treasury shares.」
In response to indications from major shareholders and others that they intended to sell a total of 14,000,700 shares, the Company considered the impact on liquidity and the market share price of a temporary release of shares into the market. The tender offer was capped at 5,500,000 shares.