Cerberus Group’s Impact on Business Strategy and Share Price Formation
First written in FY2017-Q2. 2 of 3 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2017.
12 other companies' latest entry also says "Mitigated".
- FY2017MitigatedAnnual report
「These are entities affiliated with Cerberus Group. There are 8 others in addition to the 3 persons listed above. Including shares held in custody accounts by the company, their total shareholding is 33,054 thousand shares, representing 9.66%. According to the amended large-volume shareholding report filed by the company on 9 May 2017, its shareholding was 8,054 thousand shares, representing 2.35%, as of 27 April 2017.」
The ownership ratio of Cerberus-related entities declined from 9.66% to 2.35% as of the date preceding the filing. - FY2017-Q3MitigatedAnnual report
「According to Cerberus Group's amended large-volume shareholding report filed on 19 January 2017, its ownership ratio was 9.66% of the Company's total issued shares as of 12 January 2017. The interests of Cerberus Group may not coincide with those of the Company's other shareholders. If this occurs, Cerberus Group may influence resolutions at the Company's general meeting of shareholders and, furthermore, the Company's business strategy and other matters. In addition, if Cerberus Group sells further shares in the Company, or if shares held by Cerberus Group are sold as a result of enforcement of security interests attached to those shares, this may affect the Company's share price formation.」
Cerberus Group's ownership ratio declined from the previously stated 14.48% to 9.66%, while the potential effects on general meetings of shareholders, business strategy and share price formation continue to be disclosed. - FY2017-Q2First statedAnnual report
「The interests of Cerberus Group may not coincide with those of the Company's other shareholders. If this occurs, Cerberus Group may influence resolutions at the Company's general meeting of shareholders and, furthermore, the Company's business strategy and other matters. In addition, if Cerberus Group sells further shares in the Company, or if shares held by Cerberus Group are sold as a result of enforcement of security interests attached to those shares, this may affect the Company's share price formation.」
Based on Cerberus Group's 14.48% ownership interest, the Company identifies potential effects on general meetings of shareholders, business strategy and share price formation as risks.