Risk to price formation from the holdings and disposal of a major shareholder fund
First written in FY2021. 2 of 4 entries say "Softened", first in FY2022. Latest entry: FY2023.
10 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「In October 2023, the Company terminated its capital alliance with Sunrise Capital. … Sunrise Capital III, L.P., which was a major shareholder at the end of the previous fiscal year, was no longer a major shareholder at the end of the current fiscal year.」
The capital alliance with Sunrise Capital was dissolved, and the fund was no longer a major shareholder at the end of the current fiscal year. Accordingly, the previous exposure to holdings and disposals by a major shareholder declined. - FY2023-Q2SoftenedAnnual report
「SUNRISE CAPITAL Ⅲ, L.P. 17.4／SUNRISE CAPITAL Ⅲ （JPY）, L.P. 9.4／SUNRISE CAPITAL Ⅲ （NON-US）, L.P. 7.5」
As of 30 April 2023, the individual ownership stakes of the three Sunrise Capital entities were disclosed as 17.4%, 9.4% and 7.5%. The stated percentages total approximately 34.3%, representing a further decline from the 34.6% reported in the annual securities report for the previous fiscal year. - FY2022SoftenedAnnual report
「As of the date of this document, Sunrise Capital III, L.P., Sunrise Capital III (JPY), L.P. and Sunrise Capital III (Non-US), L.P. collectively own 34.6% of the Company's issued shares.」
The three funds' combined ownership declined from 35.2% to 34.6%, but the risk that their policy regarding the holding and disposal of a substantial number of shares will affect liquidity and share price formation remains. - FY2021First statedAnnual report
「Sunrise Capital III, L.P., Sunrise Capital III (JPY), L.P. and Sunrise Capital III (Non-US), L.P. collectively own 35.2% of the Company's issued shares.」
This indicates that the funds' policies regarding their holdings and disposals may affect share liquidity and share price formation.