Liquidity and Stock Price Formation Risk from a Major Shareholder’s Holding and Disposal Policy
First written in FY2023. 2 of 3 entries say "Reframed", first in FY2024. Latest entry: FY2025.
Nareru Group moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
4 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The AP funds sold most of their holdings in the company when its shares were listed, but continue to hold a certain number of shares after the listing. The directors dispatched by Advantage Partners, Inc. are expected to retire in the future, taking into account the AP funds' future interest in the company's shares and other factors.」
The AP funds' ownership fell to 17.8%, and the company added that the dispatched directors are expected to retire in the future. The timing and method of any disposal of the shares remain undecided. - FY2024ReframedAnnual report
「As of the filing date of this document, 投資事業有限責任組合アドバンテッジパートナーズⅤ号, ＡＰ ＣＡＹＭＡＮ ＰＡＲＴＮＥＲＳ Ⅲ，Ｌ．Ｐ．, ＪＡＰＡＮ ＦＵＮＤ Ⅴ, L.P. and アドバンテッジパートナーズ投資組合80号 collectively held 1,560,600 shares of the company's stock, equivalent to 17.9% of the total number of shares issued. The AP funds also sold most of their holdings in the company when its shares were listed.」
The AP funds' ownership fell from 18.5% in the previous fiscal year to 17.9%. The company discloses that the funds sold most of their holdings at the time of the listing and that the timing and method of any future disposal remain undecided. - FY2023First statedAnnual report
「As of the filing date of this document, 投資事業有限責任組合アドバンテッジパートナーズⅤ号, AP CAYMAN PARTNERS Ⅲ, L.P., JAPAN FUND Ⅴ, L.P. and アドバンテッジパートナーズ投資組合80号 collectively held 1,560,600 shares of the company's stock, equivalent to 18.5% of the total number of shares issued.」
The company discloses that the AP funds' future policy regarding the disposal of their holdings could affect the liquidity of the shares and share-price formation.