Dependence on the Representative Director and President
First written in FY2023. . Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2026-H1Transition to a new management structure implementedAnnual report
「To resolve this situation, our Group is transitioning to a new management structure under which founding president Honjo Yoshitaro (本城嘉太郎) changes to Representative Director and President, and is strongly promoting structural changes aimed at expanding revenue generation and achieving an early return to operating profitability.」
The Company stated that it had transitioned to a new management structure under which founder Honjo Yoshiro (本城嘉太郎) returned as Representative Director and President. The filing did not state the Company’s own assessment of the effect on key-person dependence risk. - FY2025Management transition specifiedAnnual report
「The Company has decided to transition to a new management structure under which founder and former president Honjo Yoshiro (本城嘉太郎) will return as Representative Director and President, scheduled to take office in March 2026.」
The founder’s return as Representative Director and President and the transition to a new management structure were specified as responses to dependence on the president and as a change in the management structure. - 2026-03-06OtherGeneral Meetings of Shareholders
「To resolve this situation, we decided to transition to a new management structure under which founding president Honjo Yoshitaro (本城嘉太郎) changes to Representative Director and President in March 2026, and are strongly promoting structural changes to establish a new business model integrating XR and AI.」
In relation to the risk of dependence on the Representative Director and President, the company described a planned transition to a new management structure, including the return of the founding president as president. This is not treated as confirmation that the risk has been reduced. - FY2023First statedAnnual report
「Representative Director and President Honjo Yoshiro (本城嘉太郎), the Company’s founder, leads the Company as its representative, drawing on extensive experience and knowledge gained in the gaming industry. If he were unable to continue performing his duties for any reason, this could affect the Group’s operating results and future business development.」
Dependence on the founder and Representative Director and President for knowledge and management expertise was newly disclosed as a risk. The Company also referred to transferring knowledge to management executives and reviewing authorities.