Post-Listing Stock Liquidity
First written in FY2023. 3 of 6 entries say "Worsened", first in FY2024. Latest entry: 2026-09-29.
Bleach moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 14 of 48 companies on the "Worse" side.
14 other companies' latest entry also says "Worsened".
- 2026-09-29WorsenedManagement Planning
「As of 30 June 2026, the Company was no longer in compliance with the listing maintenance criteria for the Growth Market.」
The ratio of tradable shares fell to 22.87%, below the 25.00% listing maintenance threshold, resulting in non-compliance. The Company has presented a plan to achieve compliance by the end of June 2027, premised on the gradual sale of shares by major shareholders. The original canonical thread remains unchanged. - FY2026WorsenedAnnual report
「As of 30 June 2026, the end of the fiscal year, the tradable share ratio was 22.87%, meaning that the company remained non-compliant with the applicable standard. As a result, the company is required to take measures to comply with the listing maintenance standard for the tradable share ratio during the improvement period from 1 July 2026 to 30 June 2027.」
The tradable share ratio declined from 25.92% when the company was compliant to 22.87%, resulting in renewed non-compliance with the listing maintenance standard for the Growth Market. The company states that it will consider and implement measures such as requesting major shareholders to sell shares during the improvement period from July 2026 to June 2027. - FY2025MitigatedAnnual report
「The tradable share ratio was 25.9% as of 31 December 2024, bringing the company into compliance with the continued listing requirements for the Growth Market.」
The tradable share ratio increased from 24.7% at the end of the previous fiscal year to 25.9%, bringing the company into compliance with the continued listing criteria for the Growth Market. However, as the ratio remains close to the threshold, the company states that it will continue working to increase it. - FY2024WorsenedAnnual report
「The ratio of tradable shares prescribed by the Tokyo Stock Exchange was 24.7% at the end of the fiscal year, meaning that the company was not in compliance with the continued listing criteria for the Growth Market.」
The tradable share ratio was 24.7%, and the company disclosed that it was in actual non-compliance with the continued listing criteria. It also indicated a policy aimed at achieving compliance by the end of June 2025, premised on sales by major shareholders. - FY2024-Q3RestatedAnnual report
「Common shares 25,479,200 25,479,200 Tokyo Stock Exchange Growth Market」
The company reiterates the number of issued shares listed and the listing market, but provides no new disclosure regarding the tradable share ratio or measures to improve liquidity. - FY2023First statedAnnual report
「The ratio of tradable shares prescribed by the Tokyo Stock Exchange was 25.0% as of the listing date.」
The company plans to improve liquidity through a public offering and secondary offering, potential future public offerings, requesting existing shareholders to conduct secondary offerings, and increasing the number of tradable shares through the exercise of stock acquisition rights.