Risk of Dependence on Specific Executives
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 10 of 76 companies on the "Worse" side.
- FY2025ReframedAnnual report
「Our founder and representative director and chairman, Sagawa Hayato (佐川隼人), plays an important role in our business activities, including decisions on the management policies and strategies of our group. If Sagawa Hayato (佐川隼人) becomes unable to perform his duties due to unforeseen circumstances, our group's business development and operating results may be affected. To mitigate this risk and avoid excessive dependence on him in business operations and the performance of duties, we have established a co-representative structure, while also working to establish a management structure and strengthen the development of personnel who will lead the next generation.」
The founder changed from representative director and president to representative director and chairman, and Honda Wataru (本多渉) became representative director and president. The company newly disclosed measures to reduce dependence through a co-representative structure. - FY2023RestatedAnnual report
「To avoid excessive dependence on Sagawa Hayato (佐川隼人) in business operations and the performance of duties, we are working to establish a management structure, delegate authority and strengthen the development of personnel who will lead the next generation. However, if Sagawa Hayato (佐川隼人) becomes unable to perform his duties due to unforeseen circumstances, our group's business development and operating results may be affected.」
The company reiterates the measures to reduce dependence on a specific executive by establishing a management structure, delegating authority and developing personnel, as well as the residual risk. - FY2021RestatedAnnual report
「To avoid excessive dependence on Sagawa Hayato (佐川隼人) in business operations and the performance of duties, we are working to establish a management structure, delegate authority and strengthen the development of personnel who will lead the next generation. However, if Sagawa Hayato (佐川隼人) becomes unable to perform his duties due to unforeseen circumstances, our group's business development and operating results may be affected.」
The company reiterates the measures to reduce dependence by establishing a management structure, delegating authority and developing personnel who will lead the next generation, as well as the associated dependence risk. - FY2020RestatedAnnual report
「To avoid excessive dependence on Sagawa Hayato (佐川隼人) in business operations and the performance of duties, we are working to establish a management structure, delegate authority and strengthen the development of personnel who will lead the next generation. However, if Sagawa Hayato (佐川隼人) becomes unable to perform his duties due to unforeseen circumstances, our group's business development and operating results may be affected.」
The company continues measures to reduce dependence by establishing a management structure, delegating authority and developing personnel who will lead the next generation. - FY2018MitigatedAnnual report
「To avoid excessive dependence on Sagawa Hayato (佐川隼人) in business operations and the performance of duties, we are working to establish a management structure, delegate authority and strengthen the development of personnel who will lead the next generation.」
The company explicitly states that it is establishing a management structure, delegating authority and developing successor personnel to address dependence on a specific executive. - FY2017First statedAnnual report
「Our representative director and president, Sagawa Hayato (佐川隼人), is the chief executive officer and plays an important role in our business activities, including decisions on management policies and strategies.」
The company describes the important role played by the representative director and president in decisions on management policies and strategies, among other matters, and the potential impact if he becomes unable to perform his duties due to unforeseen circumstances.