Dependence on the Founder and Largest Shareholder
First written in FY2024. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Jsh moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2026: 10 of 75 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Noguchi Kazuki (野口 和輝) is also the largest shareholder, holding, directly and indirectly, a total of 35.55% of the company's issued shares (as of 31 March 2026). The company is delegating authority and reducing its dependence on Noguchi Kazuki (野口 和輝). However, if unforeseen circumstances or other events make it difficult for Noguchi Kazuki (野口 和輝) to continue his involvement in management and execution, the company's future financial position and operating results may be affected.」
The shareholding ratio of the founder and largest shareholder increased from 34.87% at the end of the previous interim period to 35.55%. The company continues to disclose its efforts to reduce dependence through the delegation of authority. - FY2026-H1MitigatedAnnual report
「Noguchi Kazuki (野口 和輝) 1,976,000 34.87」
The ownership ratio of Noguchi Kazuki (野口 和輝), the founder and largest shareholder, changed from 35.1% stated for the previous fiscal year to 34.87% as of 30 September 2025. - FY2025WorsenedAnnual report
「Noguchi Kazuki (野口 和輝) is also the largest shareholder, holding, directly and indirectly, a total of 35.1% of the company's issued shares (as of 31 March 2025; note).」
The shareholding ratio of founder and representative director Noguchi Kazuki (野口 和輝) changed from 33.8% stated for the previous fiscal year to 35.1%. - FY2024First statedAnnual report
「Noguchi Kazuki (野口 和輝) is the founder of the company and, as a representative director, plays an important role in formulating and determining the company's management policies and business strategies and commercializing its businesses. He is also the largest shareholder, holding, directly and indirectly, a total of 33.8% of the company's issued shares (as of 31 March 2024; note).」
While stating that it is reducing its dependence through the delegation of authority, the company describes the potential impact of unforeseen circumstances.