Impact of the disposal of shares by a major shareholder fund and its exercise of voting rights
First written in FY2023. 3 of 6 entries say "Materialised", first in FY2024-H1. Latest entry: FY2026-H1.
On The Page moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
25 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「TKP Co., Ltd. 22,041,976 57.70」
TKP remained the parent company and largest shareholder as of 30 June 2026, holding 57.70% even after the increase in issued shares following the merger. - 2026-03-19RestatedGovernance
「株式会社ティーケーピー (the “parent company”) is the parent company that owns 59.64% of the voting rights of the Company, as described above.」
The Company disclosed TKP’s 59.64% voting-rights ownership, interlocking officer positions, business relationships, and measures to protect minority shareholders, reconfirming TKP’s position as the parent company. - FY2025-H1MaterialisedAnnual report
「TKP Co., Ltd. 15,000,099 59.82」
TKP held 15,000,099 shares, or 59.82% of issued shares, and continued to be disclosed as the parent company and largest shareholder. - FY2024MaterialisedAnnual report
「On 19 December 2024, TKP came to own more than 50% of the company’s voting rights and became the company’s parent company.」
The possibility of disposal by the major shareholder funds at the previous fiscal year-end materialized through completion of TKP’s tender offer, TKP’s acquisition of more than 50% of voting rights and its becoming the parent company. - FY2024-H1MaterialisedAnnual report
「TKP Co., Ltd. acquired 8,250,000 of the company’s shares from Polaris Third Investment Business Limited Liability Partnership and TIARA CG PRIVATE EQUITY FUND 2013, L.P., representing 33.00% of the total issued shares as of 31 December 2023. As a result, TKP became the company’s major shareholder, largest shareholder and other affiliated company.」
Part of the shares held by the major shareholder funds was transferred to TKP, turning the previously disclosed possibility of a disposal into an actual transaction. TKP became the largest shareholder with a 33.00% holding. - FY2023First statedAnnual report
「The fund plans to sell some of the company’s shares in the future. However, because it may continue to hold a substantial number of shares, its policies on holding and disposing of them could affect the liquidity and price formation of the company’s shares.」
The company discloses the possibility that planned sales by major shareholder funds and their policies on holding and disposing of shares could affect liquidity, share-price formation and shareholder meeting resolutions. The two funds held a combined 51.77%.