Dependence on the Representative Director
First written in FY2022. 1 of 3 entries say "Softened", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2024ReframedAnnual report
「The Group is working to establish its management structure by promoting information sharing among directors and senior employees at board meetings and elsewhere and strengthening its management organization. It is also working to reduce dependence on individuals by adopting a co-representative structure and dividing responsibilities. However, dependence on both individuals remains high for the time being.」
The risk has been reframed from dependence on 1 representative director, as previously disclosed, to dependence on both the representative chairman and representative president, with the division of responsibilities under the co-representative structure also explicitly described. - FY2023SoftenedAnnual report
「As a result, the Group believes that its dependence on the individual will decline relatively. However, dependence remains high for the time being, and if the individual were to become unable to perform their duties for any reason in the near future, this could affect the Group's business, financial position, and operating results.」
Although the Group explains that dependence will decline relatively through information sharing with directors and senior employees and by strengthening the management organization, it remains high for the time being. - FY2022First statedAnnual report
「Dependence remains high for the time being, and if the individual were to become unable to perform their duties for any reason in the near future, this could affect the Group's business, financial position, and operating results.」
Risk associated with the representative director's important role in determining and executing management policies and business strategies.