Dependence on Founders and Major Shareholders and Concerns over General Shareholders’ Interests
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: 2026-06-26.
6 other companies' latest entry also says "Mitigated".
- FY2022RestatedAnnual report
「From the perspective of general shareholders, there may be concern that the interests of major shareholders could be prioritized and the interests of general shareholders harmed.」
The company continues to disclose concerns regarding the interests of general shareholders arising from the representative director and president from the largest shareholder and the chairman, who is a major shareholder, joining management, and describes oversight and auditing by independent officers as a countermeasure. - FY2020RestatedAnnual report
「The company's management includes a representative director and president and a chairman who originated from a major shareholder. They put the corporate philosophy into practice from the shareholders' standpoint and work to enhance corporate value. Although the company believes that these efforts to enhance corporate value also protect the interests of general shareholders, from the perspective of general shareholders there may be concern that the efforts could become偏ed toward the interests of major shareholders and harm the interests of general shareholders.」
The company continues to disclose concerns regarding the interests of general shareholders arising from individuals originating from a major shareholder joining management. As of the end of March 2020, Rakuten's ownership stake was 14.97% and the founder's ownership stake was 12.74%. - FY2019RestatedAnnual report
「Although the company believes that these efforts to enhance corporate value also protect the interests of general shareholders, from the perspective of general shareholders there may be concern that the efforts could become偏ed toward the interests of major shareholders and harm the interests of general shareholders.」
The company continues to expressly identify concerns that the interests of general shareholders could be harmed by management originating from a major shareholder, and describes oversight and auditing by independent officers as a countermeasure. The founder's ownership stake was 17.7% as of the end of March 2019. - FY2018RestatedAnnual report
「If an unforeseen event were to affect Taki Hisao (滝久雄), the company's representative director and chairman and its founder, the business operations of the group could be disrupted.」
The company continues to disclose the risk of dependence on the founder and representative director and chairman. The ownership stake of major shareholder Taki Hisao (滝久雄) is stated as 27.76%. - FY2016First statedAnnual report
「If an unforeseen event were to affect Taki Hisao (滝久雄), the company's representative director and chairman and its founder, the business operations of the group could be disrupted.」
The founder's ownership stake is 30.22%. The governance discussion also notes concerns that the founder's status as a major shareholder could affect the interests of general shareholders, together with oversight by outside directors.