Policy of making independent decisions while leveraging Sojitz Corporation’s customer network and other resources
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 18 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The amended agreement primarily concerns business cooperation, and contains no specific agreement concerning the appointment of the company’s directors or other matters of corporate governance, or the holding, disposal or acquisition of the company’s shares.」
It was expressly stated that, while business cooperation with Sojitz would be maintained, agreements concerning the appointment of directors, corporate governance, shareholdings and other matters had been removed from the contract, providing more specific detail on independent decision-making. - FY2023RestatedAnnual report
「The company intends to develop its business while maintaining a cooperative relationship with the Sojitz Corporation group. However, because the businesses are clearly separated from those of the Sojitz group, the concurrent position held by the individual does not impede the company’s independent management decisions, and the company recognizes that a certain degree of independence is secured.」
The explanation of the cooperative relationship with the Sojitz group, business separation and a certain degree of independence through independent management decisions continues. - FY2022RestatedAnnual report
「The company intends to develop its business while maintaining a cooperative relationship with the Sojitz Corporation group. However, because the businesses are clearly separated from those of the Sojitz group, the concurrent position held by the individual does not impede the company’s independent management decisions, and the company recognizes that a certain degree of independence is secured.」
The company continued to explain that it would maintain its cooperative relationship with the Sojitz group while securing a certain degree of independence through business separation and independent management decisions. - FY2019RestatedAnnual report
「The company intends to develop its business while maintaining a cooperative relationship with the Sojitz Corporation group. However, because the businesses are clearly separated from those of the Sojitz group, the concurrent position held by the individual does not impede the company’s independent management decisions, and the company recognizes that a certain degree of independence is secured.」
The company continues to explain that it will maintain its cooperative relationship with the Sojitz group while securing a certain degree of independence through business separation and independent management decisions. - FY2017ReframedAnnual report
「Sojitz Corporation has entered into a business alliance agreement with the Company.」
The relationship with Sojitz changed from a parent company relationship to a relationship with another affiliated company, while the business alliance agreement remained in place. In the filing company’s description, the previous positioning based on the parent company relationship changed. - FY2016First statedAnnual report
「The company group independently and proactively considers and determines its business strategies and other matters. Since concurrent positions held by directors of Sojitz Corporation do not impede the company group’s independent decision-making, the company believes that management independence is secured.」
The company describes both the use of the customer network and business operating expertise obtained through the business alliance and the preservation of independence in business strategy.