Risk of failing the listing-maintenance standard for tradable-share ratio
First written in FY2025. 1 of 2 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of 31 March 2026, the Company's free-float ratio under the listing maintenance criteria for the Standard Market prescribed by the Tokyo Stock Exchange, Inc. was 26.11%, close to the minimum free-float ratio of 25% required by the exchange. Accordingly, if liquidity declines for any reason, the Company may fail to meet the listing maintenance criteria.」
The free-float ratio increased from 25.89% to 26.11%, but remains close to the listing maintenance criterion of 25% or higher. The Company stated that it will continue to enhance its investor relations activities and engage in dialogue with shareholders. - FY2025First statedAnnual report
「As of 31 March 2025, the Company's free-float ratio under the listing maintenance criteria for the Standard Market prescribed by the Tokyo Stock Exchange, Inc. was 25.89%, close to the minimum free-float ratio of 25% required by the exchange. Accordingly, if liquidity declines for any reason, the Company may fail to meet the listing maintenance criteria.」
The free-float ratio of 25.89% was close to the listing maintenance criterion of 25% or higher, and the possibility of non-compliance if liquidity declines was described as an independent risk for the first time.