Dependence on a Specific Individual and Continuity of the Management Structure
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2017: 2 of 14 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We are working to establish a management structure that does not rely excessively on specific individuals, including through the introduction of an executive officer system. However, if Suzuki Ayumu (鈴木 歩) becomes unable for any reason to continue performing our group’s business operations, our group’s operating results may be affected.」
The risk of dependence on Representative Director Suzuki Ayumu (鈴木 歩) and measures to mitigate that dependence through the executive officer system continue to be described. - FY2024RestatedAnnual report
「We are working to establish a management structure that does not rely excessively on specific individuals, including through the introduction of an executive officer system. However, if Suzuki Ayumu (鈴木 歩) becomes unable for any reason to continue performing our group’s business operations, our group’s operating results may be affected.」
The risk of dependence on Representative Director Suzuki Ayumu (鈴木 歩) and measures to mitigate that dependence through the executive officer system continue to be described. - FY2022ReframedAnnual report
「Suzuki Ayumu (鈴木 歩), a Representative Director of our group, has played an important role in formulating and deciding management policies and business strategies and carrying them out, first as a director since March 2017 and as a Representative Director since September 2020. We are also working to establish a management structure that does not rely excessively on specific individuals, including through the introduction of an executive officer system and a specialist officer system. However, if Suzuki Ayumu (鈴木 歩) becomes unable for any reason to continue performing our group’s business operations, our group’s operating results may be affected.」
Previously, dependence on Minami Akuyuki (南 章行) and Suzuki Ayumu (鈴木 歩) was described, but this time the disclosure focuses on dependence on Representative Director, President and CEO Suzuki Ayumu (鈴木 歩). Minami Akuyuki (南 章行) is now Chairman of the Board. - FY2021First statedAnnual report
「In September 2020, we adopted a two-representative-director structure, appointing Minami Akuyuki (南 章行) as Representative Director and Chairman and Suzuki Ayumu (鈴木 歩), who had previously been a director, as Representative Director, President and CEO. We are also working to establish a management structure that does not rely excessively on specific individuals, including through the introduction of an executive officer system and a specialist officer system. However, if Minami Akuyuki (南 章行) or Suzuki Ayumu (鈴木 歩) becomes unable for any reason to continue performing our business operations, our operating results may be affected.」
Dependence on the founder and the President and CEO is identified as a risk, and measures to distribute responsibilities through the two-representative-director structure and the executive officer system introduced in September 2020 are described.