The number of companies that are unlisted is increasing due to management buyouts = MBOs in which managers buy all of their listed stocks.
As the business environment changes drastically due to the impact of the new coronavirus, we also aim to reduce the response to shareholders and increase the degree of freedom in management.
According to Recof, which handles brokerage such as corporate acquisitions, there were 11 MBOs for the purpose of unlisting a listed company in the last six months, which is the highest pace in the past 10 years.
Of these, Ignis, an IT company in Tokyo that develops apps, was listed on TSE Mothers, but its management team bought all of its shares in collaboration with American investment fund Bain Capital and went unlisted last month. ..
The aim is to flexibly promote business transformation without being influenced by an unspecified number of shareholders.
Regarding the increase in MBO, Rekov's business environment has changed drastically due to the new coronavirus, and there have been a series of cases of conflict with "speaking shareholders" such as Toshiba, so he dared to become unlisted and shareholder. I think that an increasing number of companies are thinking of reducing their response to management and increasing their management freedom.
In addition, the market segment will be reorganized on the Tokyo Stock Exchange in April next year, but the cost of maintaining the listing is expected to increase, and there is a possibility that more companies will choose MBO in the future.