Dependence on Specific Individuals
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 10 of 33 companies on the "Worse" side.
43 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company's directors possess specialized knowledge and technical expertise related to management strategy and play important roles. Accordingly, to minimize management risks even when a director retires, the Company provides successors with thorough transfers of knowledge and technical expertise and gradually delegates authority with the future in mind.」
It continues to describe reliance on the directors' specialized knowledge and technical expertise and management risks when they retire. - FY2019RestatedAnnual report
「The Company's directors possess specialized knowledge and technical expertise related to management strategy and play important roles. Accordingly, to minimize management risks even when a director retires, the Company provides successors with thorough transfers of knowledge and technical expertise and gradually delegates authority with the future in mind.」
It continues to describe reliance on the directors' specialized knowledge and technical expertise and management risks when they retire. - FY2018RestatedAnnual report
「The Company's directors possess specialized knowledge and technical expertise related to management strategy and play important roles. Accordingly, to minimize management risks even when a director retires, the Company provides successors with thorough transfers of knowledge and technical expertise and gradually delegates authority with the future in mind.」
It continues to describe reliance on the directors' specialized knowledge and technical expertise and management risks when they retire. - FY2017RestatedAnnual report
「The Company's directors possess specialized knowledge and technical expertise related to management strategy and play important roles. Accordingly, to minimize management risks even when a director retires, the Company provides successors with thorough transfers of knowledge and technical expertise and gradually delegates authority with the future in mind.」
It continues to describe reliance on the directors' specialized knowledge and technical expertise and management risks when they retire. - FY2016First statedAnnual report
「The Company's directors possess specialized knowledge and technical expertise related to management strategy and play important roles. Accordingly, to minimize management risks even when a director retires, the Company provides successors with thorough transfers of knowledge and technical expertise and gradually delegates authority with the future in mind.」
It explicitly identifies reliance on the directors' specialized knowledge and technical expertise as a risk.