Dependence on the Representative Director
First written in FY2018. 8 of 10 entries say "Mitigated", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2026: 10 of 76 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「To prepare for an unforeseen event, the company has appointed Nishijima Yasutaka (西島 康隆) as a Representative Director in addition to Kamohara Yasushi (蒲原 寧), thereby enhancing business continuity. Regarding the development of successors, outside directors who serve on the Nomination and Compensation Committee regularly meet with executive officers and key managers and provide advice as appropriate to help them develop the capabilities required of management personnel.」
The company has adopted a two-representative-director structure, is developing future leaders through interviews conducted by outside directors with executive officers and key managers, and is putting specific measures in place to address its dependence on the representative directors. - FY2025MitigatedAnnual report
「It is also the largest shareholder, owning 21.74% of the company’s total issued shares as of the end of the month preceding the month in which this report was filed. Although the company currently believes that the likelihood of such a risk materializing is low, it is promoting the sharing of management information at board of directors and management meetings and the delegation of authority for the execution of duties to directors, executive officers, department heads and others overseeing each business.」
The Representative Director’s shareholding ratio declined from 22.53% to 21.74%, and the company continues to promote the sharing of management information and the delegation of authority to the heads of each business. - FY2024RestatedAnnual report
「It is also the largest shareholder, owning 22.53% of the company’s total issued shares as of the end of the month preceding the month in which this report was filed.」
It reconfirms that the Representative Director is the largest shareholder, holding 22.53%, and the measures to reduce dependence through the delegation of authority and sharing of management information. - FY2023MitigatedAnnual report
「It is also the largest shareholder, owning 22.53% of the company’s total issued shares as of the end of the month preceding the month in which this report was filed.」
The Representative Director’s shareholding ratio declined from 25.60%, as stated previously, to 22.53%, and the company is also proceeding with information sharing at board of directors and management meetings and the delegation of authority. - FY2023-Q2MitigatedAnnual report
「Kamohara Yasushi (蒲原 寧) Minato-ku, Tokyo 3,180 24.89」
The Representative Director’s shareholding ratio declined from 25.60%, as stated previously, to 24.89%. The Representative Director remains the largest shareholder. - FY2022MitigatedAnnual report
「It is also the largest shareholder, owning 25.60% of the company’s total issued shares as of the end of the month preceding the month in which this report was filed.」
The Representative Director’s shareholding ratio declined from 25.82%, as stated previously, to 25.60%. It also continues to describe measures to reduce dependence through information sharing at board of directors and management meetings and the delegation of authority. - FY2021MitigatedAnnual report
「It is also the largest shareholder, owning 25.82% of the company’s total issued shares as of the end of the month preceding the month in which this report was filed.」
The Representative Director’s shareholding ratio declined from 29.84% to 25.82%. It also describes information sharing at board of directors and management meetings and the delegation of authority to the heads of each business as measures taken in response. - FY2020MitigatedAnnual report
「It is also the largest shareholder, owning 29.84% of the company’s total issued shares as of the end of the month preceding the month in which this report was filed.」
The Representative Director remains the largest shareholder, while the shareholding ratio has declined from 31.38% stated for the previous fiscal year to 29.84%. - FY2019MitigatedAnnual report
「The company is working to establish a management structure that is not excessively dependent on the president as the business expands. However, if an unforeseen event involving the president occurs for any reason, or if the president changes from the current president to another person, this may affect the company’s operating results.」
While continuing to describe the risk of dependence on the Representative Director, it states that the company is working to establish a management structure that is not excessively dependent on him. His shareholding is also 31.38%. - FY2018First statedAnnual report
「It is also the largest shareholder, owning 34.0% of the company’s total issued shares as of the end of the month preceding the month in which this document was filed.」
It describes the dependency risk arising from the Representative Director’s important role in management policies and business development and his ownership of 34.0% of the total issued shares as the largest shareholder.