Contingencies Affecting Key Management and Succession Risk
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: 2026-06-02.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- 2026-06-02RestatedGovernance
「The importance of developing successors to the representative director, president and other senior executives is fully recognized. It was confirmed that the Board of Directors must take an active role in formulating and operating a succession plan and appropriately supervise the development of candidates for the new representative director and president.」
The company reiterated the need for the Board to oversee the formulation and operation of a succession plan and the development of candidates in response to risks involving unforeseen circumstances affecting key executives and succession. - FY2024RestatedAnnual report
「If an unforeseen event were to affect key members of management, including Wakayama Yoichi (若山 陽一), the Group's founder and Representative Director and Chairman, and Tomura Manabu (外村 学), Representative Director and President, this could disrupt the Group's business development. Although the Group does not currently recognize the likelihood of this risk materializing or its impact on performance, it is establishing a succession plan and promoting a structure that allows other officers to act on behalf of these executives in such an event.」
The Company continues to disclose the risks associated with unforeseen events involving key management and the succession plan, and continues to promote the establishment of a structure for other officers to act on their behalf following the transition to a two-person structure consisting of the Chairman and President. - FY2023First statedAnnual report
「If an unforeseen event were to affect key members of management, including Wakayama Yoichi (若山 陽一), the Group's founder and Representative Director, President and CEO, this could disrupt the Group's business development. Although the Group does not currently recognize the likelihood of this risk materializing or its impact on performance, it is establishing a succession plan and promoting a structure that allows other officers to act on behalf of these executives in such an event.」
The Company disclosed as a new risk the potential impact of unforeseen events involving key management on business development, with a succession plan and a structure for other officers to act on their behalf as countermeasures.