Dependence on the Representative Director, President and CEO
First written in FY2019. 3 of 5 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
120 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To prevent decision-making and the execution of operations from depending on specific management personnel, we have built a team-based management structure in which Executive Directors oversee the respective divisions.」
As a response to dependence on a specific individual, continued division oversight by Executive Directors and team-based management continue to be disclosed. - FY2025MitigatedAnnual report
「To prevent decision-making and the execution of operations from depending on specific management personnel, we have built a team-based management structure in which Executive Directors oversee the respective divisions.」
As a response to dependence on a specific individual, continued division oversight by Executive Directors and team-based management were indicated, along with the recruitment and development of global management talent. - FY2024MitigatedAnnual report
「To prevent decision-making and the execution of operations from depending on specific management personnel, we have established a business division and an administrative division structure, with Executive Directors overseeing the respective divisions, thereby building a team-based management structure.」
As a response to dependence on a specific representative, the establishment of a team-based management structure through the business division and administrative division structure and oversight by Executive Directors was indicated as a specific measure. - FY2020MitigatedAnnual report
「With a view to expanding the scale of operations and workforce, we are strengthening our management organisation and developing a management structure that does not rely excessively on him.」
The risk of dependence on the Representative Director, President and CEO continues to be recognised, while strengthening the management organisation and developing a structure to avoid excessive dependence were explicitly identified as countermeasures. - FY2019First statedAnnual report
「Matsuoka Noriyuki (松岡典之), our Representative Director, President and CEO, has extensive experience and knowledge in the apparel OEM business and plays an important role in all aspects of the Company's operations, including determining management policies and business strategies, negotiating with key business partners, and formulating and implementing profit plans.」
The risk of dependence on a specific individual, arising from the President and CEO's important role in management policies, negotiations with key business partners and profit plans, was explicitly disclosed for the first time.