Risk Related to Changes in Sojitz Group Policies and Dependence on the Parent Company
First written in FY2016. 12 of 17 entries say "Restated". Latest entry: FY2026.
SAKURA internet moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2022: 3 of 18 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In March 2026, Sojitz Corporation will cease to be an other affiliated company of the Company as a result of selling part of its holdings in the Company's shares. The Company resolved to make partial changes to the business alliance agreement by deleting provisions premised on a capital alliance and entered into a memorandum of amendment on the same date. The business alliance itself will continue.」
Sojitz ceased to be an other affiliated company, and the business alliance agreement was changed so that it was no longer premised on a capital alliance. The business alliance for operating purposes, however, continues. - FY2025RestatedAnnual report
「Sojitz Corporation has entered into a business alliance agreement with the Company.」
Sojitz, rather than being the parent company, holds 26.28% of the voting rights as an other affiliated company and continues to maintain the business alliance agreement. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company comprehensively disclosed that there had been no material changes regarding risks related to changes in the Sojitz Group's policies and dependence on the parent company. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company comprehensively disclosed that there had been no material changes regarding risks related to changes in the Sojitz Group's policies and dependence on the parent company. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company comprehensively disclosed that there had been no material changes regarding risks related to changes in the Sojitz Group's policies and dependence on the parent company. - FY2023RestatedAnnual report
「Sojitz Corporation has entered into a business alliance agreement with the Company.」
As an other affiliated company, Sojitz holds 29.45% of the voting rights and continues to maintain the business alliance agreement. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company comprehensively disclosed that there had been no material changes regarding risks related to changes in the Sojitz Group's policies and dependence on the parent company. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company comprehensively disclosed that there had been no material changes regarding risks related to changes in the Sojitz Group's policies and dependence on the parent company. - FY2022RestatedAnnual report
「Sojitz Corporation has entered into a business alliance agreement with the Company.」
As an other affiliated company, Sojitz holds 29.01% of the voting rights and continues to maintain the business alliance agreement. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company comprehensively disclosed that there had been no material changes during the quarter regarding risks related to changes in the Sojitz Group's policies and dependence on the parent company. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company comprehensively disclosed that there had been no material changes during the quarter regarding risks related to changes in the Sojitz Group's policies and dependence on the parent company. - FY2019RestatedAnnual report
「Sojitz Corporation has entered into a business alliance agreement with the Company.」
As an other affiliated company, Sojitz holds 29.01% of the voting rights and continues to maintain the business alliance agreement. - FY2018RestatedAnnual report
「Sojitz Corporation has entered into a business alliance agreement with the Company.」
As an other affiliated company, Sojitz holds 28.13% of the voting rights and continues to maintain the business alliance agreement. The relationship following the change in status from parent company to other affiliated company has been confirmed. - FY2017ReframedAnnual report
「In March 2017, as a result of the Company conducting a public offering and other transactions, Sojitz Corporation selling part of its holdings in the Company's shares, and the termination of the shareholders' agreement between Sojitz Corporation and 株式会社田中邦裕事務所, the asset management company of the Company's Representative Director and President Tanaka Kunihiro (田中 邦裕) and the Company's second-largest shareholder, Sojitz Corporation's voting rights ratio fell to 28.1%. Accordingly, its status changed from parent company to other affiliated company.」
Following the public offering, Sojitz's sale of shares and the termination of the shareholders' agreement, Sojitz's status changed from parent company to other affiliated company. - FY2016First statedAnnual report
「Sojitz Corporation, the Company's parent company, owns 40.29% of the Company's issued shares and has agreed with 株式会社田中邦裕事務所, the asset management company of the Company's Representative Director and President Tanaka Kunihiro (田中 邦裕) and its second-largest shareholder, which owns 4,489,600 shares, or 12.93%, to exercise voting rights in accordance with the same decisions made by Sojitz Corporation.」
The Company disclosed the parent company's voting stake and an agreement between major shareholders on the exercise of voting rights, indicating that changes in the parent company's basic policy could affect the Company's business and performance.