Competition and independence risks from a major shareholder-affiliated company’s investments in the human resources services sector
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「As part of efforts to strengthen corporate governance, the Group has entered into a three-party agreement with BH株式会社 and Kawashima Ichiro (川嶋一郎) to prevent in advance BH株式会社 and Kawashima Ichiro (川嶋一郎) from investing in companies that newly engage in businesses competing with the Group, with the aim of eliminating the possibility of business coordination by BH株式会社 and Kawashima Ichiro (川嶋一郎), and manages the matter to prevent damage to the Group’s businesses.」
Controls addressing competition and independence risks involving BH株式会社 and other investees are reiterated, including a three-party agreement, confirmation of competition by the board of directors and oversight by independent outside officers. - FY2022RestatedAnnual report
「As part of efforts to strengthen corporate governance, the Group has entered into a three-party agreement with BH株式会社 and Kawashima Ichiro (川嶋一郎) to prevent in advance BH株式会社 and Kawashima Ichiro (川嶋一郎) from investing in companies that newly engage in businesses competing with the Group, with the aim of eliminating the possibility of business coordination by BH株式会社 and Kawashima Ichiro (川嶋一郎), and manages the matter to prevent damage to the Group’s businesses.」
Controls addressing competition and independence risks involving BH株式会社 and other investees are reiterated, including a three-party agreement, confirmation of competition by the board of directors and oversight by independent outside officers. - FY2021RestatedAnnual report
「As part of efforts to strengthen corporate governance, the Group has entered into a three-party agreement with BH株式会社 and Kawashima Ichiro (川嶋一郎) to prevent in advance BH株式会社 and Kawashima Ichiro (川嶋一郎) from investing in companies that newly engage in businesses competing with the Group, with the aim of eliminating the possibility of business coordination by BH株式会社 and Kawashima Ichiro (川嶋一郎), and manages the matter to prevent damage to the Group’s businesses.」
Controls addressing competition and independence risks involving BH株式会社 and other investees are reiterated, including a three-party agreement, confirmation of competition by the board of directors and oversight by independent outside officers. - FY2020RestatedAnnual report
「As part of efforts to strengthen corporate governance, the Group has entered into a three-party agreement with BH株式会社 and Kawashima Ichiro (川嶋一郎) to prevent in advance BH株式会社 and Kawashima Ichiro (川嶋一郎) from investing in companies that newly engage in businesses competing with the Group, with the aim of eliminating the possibility of business coordination by BH株式会社 and Kawashima Ichiro (川嶋一郎), and manages the matter to prevent damage to the Group’s businesses.」
Controls addressing competition and independence risks involving BH株式会社 and other investees are reiterated, including a three-party agreement, confirmation of competition by the board of directors and oversight by independent outside officers. - FY2019RestatedAnnual report
「As part of efforts to strengthen corporate governance, the Group has entered into a three-party agreement with BH株式会社 and Kawashima Ichiro (川嶋一郎) to prevent in advance BH株式会社 and Kawashima Ichiro (川嶋一郎) from investing in companies that newly engage in businesses competing with the Group, with the aim of eliminating the possibility of business coordination by BH株式会社 and Kawashima Ichiro (川嶋一郎), and manages the matter to prevent damage to the Group’s businesses.」
Even after BH株式会社’s investees changed, the disclosure describes a three-party agreement, confirmation of competition by the board of directors and independent outside officers as measures to address competition and independence risks. - FY2019-Q3ReframedAnnual report
「Because BH株式会社, whose representative director is Kawashima Ichiro (川嶋一郎), the Company’s representative director, chairman and president, sold all of its shares in 株式会社ブレイブ, the Company has amended the “Business Risks” section included in the annual securities report for the previous fiscal year as follows.」
Following BH株式会社’s sale of all shares in 株式会社ブレイブ, the investees changed from 株式会社アズスタッフ to WML,.ltd. The disclosure states that there are no business or personnel ties and describes controls including an agreement and confirmation of competition by the board of directors. - FY2017RestatedAnnual report
「The Company operates its business with the aim of increasing the proportion of senior workers among its dispatched staff. Although it differs from 株式会社ブレイブ, the Company believes it is difficult to explain clearly that no competitive relationship exists in the provision and placement of personnel in the nursing care market.」
The risk of competition and loss of independence arising from investments in the human resources services sector by a major shareholder-affiliated company is reiterated, together with controls including an agreement and independent outside officers. - FY2016First statedAnnual report
「BH株式会社, whose representative director is Kawashima Ichiro (川嶋一郎), the Company’s chairman of the board, operates a management consulting business focused on startup support and startup investment, and has invested in the companies listed below as investees involved in human resources services. 株式会社ブレイブ, like the Company, provides human resources services for nurses, care workers and call center personnel, among others.」
The disclosure states that BH株式会社, which is affiliated with the chairman of the board, has invested in a human resources services company, making it potentially difficult to explain clearly the appearance of a competitive relationship with the Company. It also describes controls including an agreement, independent outside officers and a policy of reducing the investment ratio.