Reliance on Representative Directors and Business Continuity Risk
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2025ReframedAnnual report
「Ochi Michikatsu (越智 通勝), Representative Director, Chairman and President, plays an important role in many areas, including formulating the Group's overall management policies and business strategies. Because there is only 1 representative director, the risk of dependence may be considered high. However, the Group is working to establish a management structure that is not excessively dependent on the representative director and aims to further prevent the concentration of authority in the representative director.」
While disclosing the structure in which the representative director also serves as chairman and president, the Company has reiterated its aim of establishing a management structure that avoids concentrating authority. - FY2018RestatedAnnual report
「The Group is working to establish a management structure that is not excessively dependent on the representative director. However, if an unforeseen event affects the representative director for any reason, this could affect the Group's operating performance.」
The Company continues to pursue a management structure that avoids excessive dependence on the representative director and continues to describe the risk to business continuity. - FY2017First statedAnnual report
「The Group is working to establish a management structure that is not excessively dependent on the representative director. However, if an unforeseen event affects the representative director for any reason, this could affect the Group's operating performance.」
Assuming that the representative director plays an important role in management policies and business strategies, the Company describes its efforts to establish a management structure that avoids excessive dependence and the risks of unforeseen events.