Dependence on Founders and Key Executives
First written in FY2020. 7 of 15 entries say "Restated". Latest entry: 2026-06-29.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- 2026-06-29WorsenedGovernance
「We hereby announce the following matters concerning 中西正文 (President and Representative Director), who is a controlling shareholder other than the Company's parent company.」
The company disclosed matters concerning 中西正文 (President and Representative Director) as a controlling shareholder and reported a total voting-rights ownership ratio of 71.96%. This is recorded as an update to the disclosure of concentrated control and ownership under the thread concerning dependence on the existing founder and key management. - FY2026WorsenedAnnual report
「Nakanishi Masafumi (中西正文), the Company's Representative Director and President, is the founder of Kids Smile Project Co., Ltd. (currently 株式会社Smile Project) and has served as its chief executive officer since its founding. Together with 株式会社エーエムカンパニー, the asset management company of Nakanishi Masafumi (中西正文), he was a major shareholder holding 69.5% of the Company's shares as of the end of the current consolidated fiscal year.」
The beneficial ownership interest of the founder and the asset management company rose from 68.4% in the previous fiscal year to 69.5%. In addition, Nakanishi Masafumi (中西正文) has become Representative Director and Chairman of WITH Holdings. - FY2026-H1Update of holdingsAnnual report
「株式会社エーエムカンパニー is an asset management company whose shares are held by Nakanishi Masafumi (中西正文), the Company's Representative Director.」
The Company has again disclosed the shareholdings of the asset management company, the Representative Director, and the Executive Vice President. - FY2025MitigatedAnnual report
「As of the end of the current consolidated fiscal year, it was a major shareholder holding 68.4% of the Company's shares.」
The beneficial ownership interest of the founder and the asset management company declined from 70.8% in the previous fiscal year to 68.4%. The two individuals continue to play important roles, and the policy of delegating authority remains in place. - FY2024MitigatedAnnual report
「In addition, Director and Executive Vice President Doi Ayumi (土居亜由美), the spouse of Nakanishi Masafumi (中西正文) and legally named Nakanishi Ayumi (中西亜由美), has been involved in opening and operating the Group's facilities since its founding and serves as Executive Vice President.」
While the disclosure that the founder and spouse play important roles remains unchanged, the founder and the asset management company's ownership interest declined from 70.9% in the previous fiscal year to 70.8%. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risk of reliance on the founder and key executives. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risk of reliance on the founder and key executives. - FY2023MitigatedAnnual report
「Nakanishi Masafumi (中西正文), the Company's Representative Director and President, is the founder of Kids Smile Project Co., Ltd. and has served as its chief executive officer since its founding. Together with 株式会社エーエムカンパニー, the asset management company of Nakanishi Masafumi (中西正文), he was a major shareholder holding 70.9% of the Company's shares as of the end of the current consolidated fiscal year.」
The founder and the asset management company's ownership interest declined from 72.5% in the previous fiscal year to 70.9%. Meanwhile, the disclosure that the two individuals play important roles in opening facilities, developing educational programs, and determining management policies and strategies remains unchanged. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes in the major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business and accounting matters described in the quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risk of reliance on the founder and key executives. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risk of reliance on the founder and key executives. - FY2023-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes in the major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business and accounting matters described in the quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risk of reliance on the founder and key executives. - FY2022MitigatedAnnual report
「As of the end of the current consolidated fiscal year, it was a major shareholder holding 72.5% of the Company's shares.」
The founder and the asset management company's ownership interest declined from 74.1% in the previous fiscal year to 72.5%. Meanwhile, the founder and spouse continue to play important roles in opening facilities, developing educational programs, and determining management policies, and the policy of delegating authority remains in place. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes in the major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business and accounting matters described in the quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risk of reliance on the founder and key executives. - FY2021RestatedAnnual report
「As of the end of the current consolidated fiscal year, it was a major shareholder holding 74.1% of the Company's shares.」
The Company continues to disclose the ownership held by the founder and the founder's asset management company as major shareholders, as well as their important management roles. - FY2020First statedAnnual report
「As of the end of the current consolidated fiscal year, it was a major shareholder holding 74.6% of the Company's shares.」
The Representative Director and President and the Executive Vice President are described as playing important roles in opening facilities, developing educational programs, and determining management policies and strategies. The Company states that it will establish a structure less dependent on them through the delegation of authority and executive training.