Dependency and Independence Risks Associated with the Capital and Business Alliance with TMN社 and Its Becoming an Equity-Method Affiliate
First written in FY2025. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Update to ownership ratio and independence disclosureAnnual report
「At present, there are no matters relating to important decisions on our management policies, business development or other matters that require prior approval from TMN, and we recognize that our independence and autonomy have been maintained.」
The company discloses that TMN's ownership ratio has become 24.76% and states that prior approval is not required for decisions on important matters and that its independence and autonomy have been maintained. - FY2026-H1RestatedAnnual report
「We have also entered into a capital and business alliance agreement with Transaction Media Networks Inc., one of our other affiliated companies, and continue working to strengthen our proposals to customers and expand the business by combining TMN's and our services and functions in the payments business.」
The Company has reconfirmed that TMN is an other affiliated company and that cooperation under the capital and business alliance continues. - FY2025First statedAnnual report
「The Company is an equity-method affiliate of TMN, and TMN's Representative Director and President also serves as an outside director of the Company. If TMN changes its policy on holding shares in the Company or the terms of its business alliance with the Company change in the future, this may affect the liquidity and price formation of the Company's shares, as well as its operating results and financial condition.」
Against the background of TMN becoming an other affiliated company as a result of deepening its alliance with the Company, the Company has disclosed changes in TMN's shareholding policy and alliance terms, and the resulting impact on the liquidity and price formation of its shares and its operating results, as new risks.