Management Dependence on the Representative Director and President
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
120 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The group plans to delegate authority to those responsible for each business by strengthening its corporate governance structure and enhancing its internal systems. However, dependence on Sato remains substantial, and if Sato becomes unable to perform his duties for any reason, the group's management policies and performance may be affected.」
While stating its policy of delegating authority, the company reiterates its recognition that dependence on the representative director and president remains substantial. - FY2018RestatedAnnual report
「The group plans to strengthen corporate governance by developing its internal structure and to delegate authority to those responsible for each business. However, dependence on Sato remains substantial, and if Sato becomes unable to perform his duties for any reason, the group's management policies and performance may be affected.」
While stating its policy of strengthening the internal structure and delegating authority, the company reiterates its substantial dependence on the representative director and president. - FY2016First statedAnnual report
「Toshikazu Sato (佐藤俊和), who has served as the company's representative director and president since its establishment and owned 50.0% of the total issued shares as of 30 September 2016, has substantial influence over the group's final decisions, including decisions on management policies and strategies, business execution, and various matters requiring shareholder approval at general meetings.」
The company describes a structure in which the representative director and president owns 50.0% of the total issued shares and has substantial influence over management policies, strategies and final decisions.