Dependence on the Representative Director and President
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
「The group is working to strengthen a management structure that does not depend on any particular individual and to establish a framework that does not depend excessively on that individual. However, if that individual becomes unable to perform executive duties for any reason, the group’s business results could be affected.」
It continues to describe both the importance of the Representative Director and President and the development of a structure that does not rely excessively on any particular individual. - FY2023RestatedAnnual report
「The group is working to strengthen a management structure that does not depend on any particular individual and to establish a framework that does not depend excessively on that individual. However, if that individual becomes unable to perform executive duties for any reason, the group’s business results could be affected.」
While describing the importance of the Representative Director and President, it continues to explain that it is developing a management structure that does not rely excessively on any particular individual. - FY2022MitigatedAnnual report
「Our Group is strengthening its management structure so that it does not depend on any specific individual and is developing a structure that does not rely excessively on him.」
While disclosing the risk of dependence on the Representative Director and President, it explicitly states that it is developing a structure that does not rely excessively on any particular individual. - FY2021First statedAnnual report
「Soichiro Minami, the Company’s Representative Director and President, has been deeply involved in the Group’s business since its founding and has extensive experience and knowledge of internet-related businesses. Accordingly, he plays an extremely important role in formulating and executing management strategy.」
It describes the importance of the founder and Representative Director and President to management strategy, as well as the risk that would arise if the individual were unable to perform their duties.