Governance structure
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
The Company implemented improvement measures for its internal management system and internal controls and updated the operating status of IPI's management and accounting structures, management and oversight by the parent company, contracting and revenue recognition, receivables collection, whistleblowing, and auditing. As of 26 August 2026, IPI's director changed from Oishi (大石) to Zk, and at the Company, the president changed and responsibility for the CFO and Corporate Headquarters was transferred.
| Item | Details |
|---|---|
| Committee | Governance Committee, Recurrence Prevention Committee, Special Investigation Committee, and Internal Investigation Committee (proportion of external members: not disclosed) |
| Controlling shareholder | The disclosure states that Al held 44.13% in June 2019 and 45.04% in April 2021, but the name of the current controlling shareholder or parent company and its voting rights ratio are not disclosed. |
| Changes this time | The Company implemented improvement measures for its internal management system and internal controls and updated the operating status of IPI's management and accounting structures, management and oversight by the parent company, contracting and revenue recognition, receivables collection, whistleblowing, and auditing. As of 26 August 2026, IPI's director changed from Oishi (大石) to Zk, and at the Company, the president changed and responsibility for the CFO and Corporate Headquarters was transferred. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.One year has passed since the Company was designated as a Special Attention Issue by the Tokyo Stock Exchange on 27 August 2025, and the Company submitted an Internal Management Control Confirmation Report to the exchange. The Company implemented improvement measures to prevent a recurrence of the corrections to prior-year financial results that led to the designation as a Special Attention Issue, as well as deficiencies in internal controls and accounting irregularities at IPI and other entities.