Dependence on the Representative Director
First written in FY2017. 10 of 16 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 10 of 75 companies on the "Worse" side.
- FY2026Management reorganization after the change in representative directorAnnual report
「Iwata Shizue (岩田静絵) resigned as representative director and director effective 1 September 2025. Accordingly, the company has disclosed her attendance at board meetings held during the current fiscal year before her departure.」
As in the previous fiscal year, the representative director changed, and management was reorganized, including Iwata Shizue (岩田静絵) leaving office, Asai Hirofumi (朝居宏文) taking office and leaving office, and Kobayashi Yuki (小林祐樹) taking office. - FY2025The representative director changed againAnnual report
「Representative director Kobayashi Yuki (小林 祐樹) was a newly appointed director elected at the 31st Annual General Meeting of Shareholders held on 25 September 2025, so his attendance record for the fiscal year is not stated.」
Kobayashi Yuki (小林 祐樹) became representative director and president effective 25 September 2025. Following the change from Takayama Yasuhito (高山 泰仁) to Iwata Shizue (岩田 静絵) in 2023, the representative director has changed again. - FY2023MitigatedAnnual report
「Director Iwata Shizue (岩田 静絵), who is considered highly sensitive to risk and capable of making sound judgments, including consulting the CFO at the time about concerns regarding the transaction, became president effective 28 February 2023.」
Regarding the risk of dependence on the representative director, the representative director and president changed from Takayama Yasuhito (高山 泰仁) to Iwata Shizue (岩田 静絵) effective 28 February 2023. A specific measure, the appointment of a successor, has been completed. - FY2023-Q3Decision to change the representative directorAnnual report
「In addition, at a meeting of the Board of Directors held on 13 February 2023, our Company accepted the offer by Takayama Yasuhito (高山 泰仁), representative director, chairman and president, to resign as a director, and resolved as follows regarding the change in representative director.」
Our Company accepted Takayama Yasuhito (高山 泰仁)'s resignation as representative director, chairman and president, and stated that Iwata Shizue (岩田 静絵) was scheduled to become representative director and president effective 28 February 2023. - FY2022MitigatedAnnual report
「As a measure to address this risk, our Group appoints, following deliberation by the Board of Directors, a person to act on behalf of the representative director in performing duties and making approvals in an emergency.」
A specific measure was added to address the risk of dependence on the representative director: the Board of Directors appoints a person to act on the representative director's behalf in performing duties and making approvals in an emergency. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2018RestatedAnnual report
「Our Group promotes management decision-making through collective deliberation and delegation of authority, and provides training to develop management personnel, in order to avoid excessive dependence on any particular individual. However, if he becomes unable to perform his duties as a manager for any reason, this may affect our Group's business and financial performance.」
Our Group continues to take measures to avoid excessive dependence on the representative director through collective decision-making, delegation of authority and the development of management personnel. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of dependence on the representative director. - FY2017First statedAnnual report
「Takayama Yasuhito (高山 泰仁), our Company's representative director, was a member of the founding team and plays an important role in business activities, including determining our Company's management policies and strategies.」
Although measures are described to avoid excessive dependence through collective decision-making, delegation of authority and the development of management personnel, the impact if the representative director becomes unable to perform his duties is identified as a risk.