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Intelligent Wave (4847) · RiskRestated

Dai Nippon Printing Co., Ltd.’s Influence and Conflict-of-Interest Risk

First written in FY2016. 3 of 5 entries say "Restated". Latest entry: 2026-09-25.

5entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018 – 2026-09-252016: 12017: 120172018: 120182019: 120192020: 020202021: 020212022: 020222023: 020232024: 020242025: 020252026: 12026
Same theme, other companies
Conflict-of-interest risk arising from capital relationships with the parent company and major shareholderA theme 10 companies write about · 11 as a headwind · 0 as a tailwind

2 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
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  1. 2026-09-25RestatedGovernance

    「当社の親会社は大日本印刷株式会社であり、当社議決権の 50.78%を所有しています。当社は、大日本印刷株式会社の事業セグメントにおいて、スマートコミュニケーション部門における情報セキュア関連事業に位置付けられ、決済領域、セキュリティ領域を中心とした協業を推進することにより、当社の継続的な業績向上が可能となり、企業価値の向上に資するものと考えています。」

    親会社の議決権所有割合、決済・セキュリティ領域を中心とする協業、および親会社グループ内での位置付けを再確認している。
  2. FY2019RestatedAnnual report

    「This business is expected to expand as the cashless society develops, and the business relationship between the company and its parent is likely to deepen. The company and its parent cooperate not only in business for the financial industry but also in the sale of cybersecurity products, and their relationship is expected to deepen in this area as well.」

    The company continues to describe the expected deepening of its cooperative relationship with Dai Nippon Printing Co.,Ltd. in the financial and cybersecurity fields, as well as the potential for conflicts of interest arising from the influence of its parent.
  3. FY2018RestatedAnnual report

    「This business is expected to expand as the cashless society develops, and the business relationship between the company and its parent is likely to deepen. The company and its parent cooperate not only in business for the financial industry but also in the sale of cybersecurity products, and their relationship is expected to deepen in this area as well.」

    The company continues to describe the expected deepening of its cooperative relationship with Dai Nippon Printing Co.,Ltd. in the financial and cybersecurity fields, as well as the influence of its parent and the potential for conflicts of interest.
  4. FY2017WorsenedAnnual report

    「This business is expected to expand as the cashless society develops, and the business relationship between the company and its parent is likely to deepen. The company and its parent cooperate not only in business for the financial industry but also in the sale of cybersecurity products, and their relationship is expected to deepen in this area as well.」

    The company states that its cooperative relationship with Dai Nippon Printing Co.,Ltd. in the financial and cybersecurity fields is expected to deepen further, indicating that its business relationship with and the influence of its parent are expanding.
  5. FY2016First statedAnnual report

    「Dai Nippon Printing Co.,Ltd. may, given this influence, take actions that are in its own best interests but not in the best interests of other shareholders.」

    Dai Nippon Printing Co.,Ltd.'s voting rights ownership ratio is 50.61%. The company explains that it will maintain the cooperative relationship while conducting independent management and operations.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next
Intelligent Wave's next results are scheduled for 2026-11-04. Read the earnings preview It last moved in the Governance of 2026-09-25: "Restated".
News
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Dai Nippon Printing Co., Ltd.’s Influence and Conflict-of-Interest Risk | INTELLIGENT WAVE INC. (4847) | Komori