Concentration of Management and Control Functions within the Holding Company
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We are striving to achieve accurate and efficient corporate governance by centralizing at our holding company the various administrative divisions and the Corporate Planning Office responsible for administrative and control functions, and by establishing and operating an integrated management line across the corporate group.」
The company continues to centralize administrative and control functions at the holding company and maintain an integrated management line across the group. - FY2020RestatedAnnual report
「We are striving to achieve accurate and efficient corporate governance by centralizing at our holding company the various administrative divisions and the Corporate Planning Office responsible for administrative and control functions, and by establishing and operating an integrated management line across the corporate group.」
The company continues to centralize administrative and control functions at the holding company and maintain an integrated management line across the group. - FY2016First statedAnnual report
「We are striving to achieve accurate and efficient corporate governance by centralizing at our holding company the various administrative divisions and the Corporate Planning Office responsible for administrative and control functions, and by establishing and operating an integrated management line across the corporate group.」
The centralization of functions at the holding company is explicitly stated as an administrative structure capable of supporting business expansion.