Dependence on the Representative Director and Major Shareholder and Conflict-of-Interest Risk
First written in FY2023. 2 of 6 entries say "Mitigated", first in FY2024-Q2. Latest entry: 2026-09-16.
3 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「CASK Co., Ltd. and Saijo Shinichi (西條 晋一) owned 60.37% of the total number of shares issued by the Company at the end of the fiscal year. CASK Co., Ltd. and Saijo Shinichi (西條 晋一) will continue to hold a certain level of voting rights as stable shareholders and intend to pursue the common interests of shareholders while also considering the interests of minority shareholders when exercising those voting rights.」
Their combined holding declined from 61.03% to 60.37%. They continue to hold a majority and have stated a policy of considering minority shareholders. - FY2024RestatedAnnual report
「CASK Co., Ltd. and Saijo Shinichi (西條 晋一) owned 61.03% of the total number of shares issued by the Company at the end of the fiscal year.」
Their combined holding was 61.03%. Although down from 76.99% at the prior fiscal year-end, they continued to hold a majority, creating potential influence over decisions and conflicts of interest. - FY2024-Q2MitigatedAnnual report
「CASK Co., Ltd. 2,100,000 42.57 Saijo Shinichi (西條 晋一) 900,000 18.24」
At the end of September 2023, CASK Co., Ltd. and Saijo Shinichi (西條 晋一) held a combined 60.81%, down from 76.99% at the prior fiscal year-end. Together, they nevertheless held a majority. - FY2023First statedAnnual report
「CASK Co., Ltd., our largest shareholder, is the asset-management company of Saijo Shinichi (西條 晋一), our founder and representative director, president, and CEO. As of the end of the fiscal year, CASK Co., Ltd. and Saijo Shinichi (西條 晋一) owned 76.99% of the total number of shares issued by the Company.」
The founder and representative director and his asset-management company own 76.99%, creating potential influence over decision-making and possible conflicts with other shareholders.