Dependence on the representative director
First written in FY2025. 1 of 3 entries say "Mitigated", first in 2026-06-12. Latest entry: FY2026.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
116 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our representative director, Ogawa Ryo (小川亮), has served as representative director since 2014. He plays an important role in determining and executing the group’s management policies and business strategy.」
The company continues to disclose the risk of dependence on the Representative Director and measures involving information sharing and strengthening the management organization. - 2026-06-12MitigatedChanges in Officers
「For the purpose of further enhancing our management structure and increasing corporate value, we have decided to appoint Wang William as a new representative director and chairman, establishing a structure with 2 representative directors.」
The company described a structure with 2 representative directors and a division of responsibilities as a measure to reduce the previously identified risk of dependence on the representative director. The canonical thread itself remains unchanged. - FY2025First statedAnnual report
「Our representative director, Ogawa Ryo (小川亮), has served as representative director since 2014. He plays an important role in determining and executing the group’s management policies and business strategy.」
The company discloses the representative director’s important role in management policy and business strategy as a risk and states that it intends to avoid excessive dependence through information sharing and a stronger management organization.