Transition to a New Management Structure and Restructuring of Equity Consulting on Both the Offensive and Defensive Fronts
First written in FY2023-Q2. 3 of 6 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「Projects addressing ordinary conditions, including investigations to identify beneficial shareholders, during the consolidated fiscal year increased 16.7% year on year to ¥3,653 million. New and additional engagements for beneficial-shareholder investigations and equity consulting increased substantially, based on strong relationships of trust with customers and in light of changes in the external environment.」
For ordinary-course proposal activities resumed and strengthened under the new management structure, new and additional projects increased in the annual results, and ordinary-course projects rose 16.7% to ¥3,653 million. - FY2025-H1RestatedAnnual report
「Ordinary-course projects such as beneficial-owner identification surveys during the interim consolidated accounting period totaled ¥1,815 million, up 8.4% from the same period of the previous year. Since the second half of the previous fiscal year, new and additional mandates, including annual retainer contracts for equity consulting based on strong relationships of trust with customers, have increased.」
The upward trend in new and additional mandates, including annual retainer contracts, for ordinary-course projects under the new management structure has continued. - FY2024-Q3AdvancedAnnual report
「For ordinary-course projects such as beneficial-owner identification surveys, new and additional equity consulting project mandates based on strong relationships of trust with customers have increased since the third quarter and in the second half of the fiscal year. However, mandates for ordinary-course projects declined in the first half due partly to some existing customers terminating their contracts and a decrease in new and additional project mandates.」
The company states that mandates for new and additional ordinary-course proposals, which had not been actively pursued through the end of the previous fiscal year, increased in the second half from the third quarter onward, indicating a recovery in sales and customer-support activities. However, the impact of first-half cancellations and lower orders remains. - FY2024-Q2AdvancedAnnual report
「For ordinary-course projects such as beneficial-owner identification surveys, although some existing customers terminated their contracts, the company has continued to receive mandates for comprehensive equity consulting based on strong relationships of trust with customers and has resumed equity consulting proposals. However, new and additional project mandates declined through the end of the previous fiscal year, partly because the company had been unable to conduct active equity consulting proposal activities.」
The company states that it resumed active equity consulting proposal activities that had not been possible through the end of the previous fiscal year, indicating a restart of sales and customer-support activities under the new management structure. Meanwhile, the decline in new and additional project mandates has continued. - FY2023-Q3RestatedAnnual report
「The Group will deepen its one-of-a-kind equity consulting services and fully demonstrate its greatest strength, Power of Equity® (the power of shareholder voting rights), while leveraging leading-edge market intelligence, ESG information and proprietary databases relating to emergency TOBs and proxy contests. With shareholder-voting-rights consulting and M&A advisory relating to corporate control as its two core businesses, it will thoroughly support clients from both the defense and offense sides while standing alongside each client.」
Under the new management structure, the company continues to pursue a strategy built on two pillars: shareholder-voting consulting and M&A advisory services relating to corporate control. - FY2023-Q2First statedAnnual report
「Our group transitioned to a new management structure effective 1 November 2022 to strengthen its governance structure and further enhance corporate value.」
The company has transitioned to a new management structure to strengthen governance and outlined a strategy built on two pillars: shareholder-voting consulting, including the use of market intelligence, and M&A advisory services.