Dependence on the Representative Director
First written in FY2016. 6 of 9 entries say "Restated". Latest entry: 2026-05-13.
ULS Group moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
10 other companies' latest entry also says "Reframed".
- 2026-05-13ReframedEarnings
「Since our establishment, our chairman, 漆原茂, has played an important role in determining our management policies and strategies, developing businesses and enhancing our brand strength.」
The wording changed from dependence on the representative director to dependence on the chairman, and the chairman’s role and shareholding ratio were stated. - FY2025ReframedAnnual report
「Representative Director and President Yokoyama Yoshinari (横山芳成) Representative Director and Chairman Urushibara Shigeru (漆原茂)」
Following the June 2025 Annual General Meeting of Shareholders, Urushibara Shigeru (漆原茂) changed from Representative Director and President to Representative Director and Chairman, while Yokoyama Yoshinari (横山芳成) changed from Director to Representative Director and President. Although the division of responsibilities between the Representative Directors was changed, the risk of dependence on the Representative Directors continues to be disclosed. - FY2024RestatedAnnual report
「As the business expands, the Company is working to establish a management structure that is not excessively dependent on the president. However, if an unforeseen event affects the president for any reason, or if circumstances arise in which the president leaves office, this may affect the future operating results and business development of our Group.」
The establishment of a management structure that reduces excessive dependence on the Representative Director, as well as the risks of an unforeseen event and the Representative Director's departure, was reconfirmed. - FY2023RestatedAnnual report
「As the business expands, the Company is working to establish a management structure that is not excessively dependent on the president. However, if an unforeseen event affects the president for any reason, or if circumstances arise in which the president leaves office, this may affect the future operating results and business development of our Group.」
The establishment of a management structure that reduces excessive dependence on the Representative Director, as well as the risks of an unforeseen event and the Representative Director's departure, was reiterated. - FY2022RestatedAnnual report
「As the business expands, the Company is working to establish a management structure that is not excessively dependent on the president. However, if an unforeseen event affects the president for any reason, or if circumstances arise in which the president leaves office, this may affect the future operating results and business development of our Group.」
The establishment of a management structure that reduces excessive dependence on the Representative Director, as well as the risks of an unforeseen event and the Representative Director's departure, was reiterated. - FY2020RestatedAnnual report
「As the business expands, the Company is working to establish a management structure that is not excessively dependent on the president. However, if an unforeseen event affects the president for any reason, or if circumstances arise in which the president leaves office, this may affect the future operating results and business development of our Group.」
While working to establish a management structure that reduces excessive dependence on the president, the risks of an unforeseen event and the president's departure were reiterated. - FY2018RestatedAnnual report
「As the business expands, the Company is working to establish a management structure that is not excessively dependent on the president. However, if an unforeseen event affects the president for any reason, or if circumstances arise in which the president leaves office, this may affect the future operating results and business development of our Group.」
While working to establish a management structure that reduces excessive dependence on the president, the risks of an unforeseen event affecting the Representative Director and of the Representative Director's departure were reiterated. - FY2017RestatedAnnual report
「As the business expands, the Company is working to establish a management structure that is not excessively dependent on the president. However, if an unforeseen event affects the president for any reason, or if circumstances arise in which the president leaves office, this may affect the future operating results and business development of our Group.」
While working to establish a management structure that reduces dependence on the Representative Director, the possibility of an impact from the Representative Director's departure and other events was reiterated. - FY2016First statedAnnual report
「In December 2003, Urushibara Shigeru (漆原茂) purchased most of the Company's shares from WP Japan Holdings, L.L.C., then the largest shareholder, and as of 31 March 2016 was also the largest shareholder, holding 40.7% of the total number of shares issued by the Company.」
The role and shareholding ratio of the Representative Director in management policies and strategies, business development and enhancement of brand strength were disclosed.