Reliance on Major Shareholders and Low Stock Liquidity
First written in FY2023. 2 of 8 entries say "Mitigated", first in FY2025-H1. Latest entry: 2026-10-26.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- 2026-10-26OtherGovernance
「The company hereby announces the following matters concerning Koichi Leo Kato’s status as a controlling shareholder or equivalent.」
2026年7月31日時点では加藤公一レオ氏の議決権所有割合は直接所有分28.89％、合算対象分26.17％、計55.06％と示され、2026年8月10日付の新株式発行後は支配株主に該当しなくなった。大株主への集中や株式流動性に関するリスクの解消を示す開示ではない。 - FY2026Updated major-shareholder ratioAnnual report
「Total － 5,186,199 63.99」
As of 31 July 2026, the ownership percentage of the top 10 shareholders was 63.99%, updated from 68.48% in the previous disclosure. Concentration among major shareholders remains high. - FY2026-H1Updated major-shareholder ratioAnnual report
「Total — 5,274,599 68.48」
The top 10 shareholders held 68.48% as of 31 January 2026. Concentration among major shareholders continues, although the figure has been updated from the previously disclosed 74.27%. - FY2025-H1MitigatedAnnual report
「By splitting the shares and lowering the investment amount per investment unit, we aim to create an environment in which investors can invest more easily, improve the liquidity of our shares and further expand our investor base.」
The Company carried out a 1-for-2 share split to lower the investment unit and expand liquidity and its investor base. The top 10 shareholders held 74.27% as of 31 January 2025. - FY2024RestatedAnnual report
「Koichi Leo Kato will continue to hold a certain level of voting rights as a stable shareholder and intends, when exercising those voting rights, to pursue the common interests of shareholders while also taking minority-shareholder interests into account.」
The Company continues to disclose dependence on major shareholders and liquidity risk. The top 2 shareholders held a combined 76.92% at the end of the period. - FY2023First statedAnnual report
「The exchange-defined tradable-share ratio is expected to be approximately 25% at the time of the initial listing.」
The founder, an asset-management company and the founder’s spouse held 100% of shares issued before the listing. The risk of major-shareholder voting power and reduced liquidity continues to be disclosed after listing.