Control by the Parent Company and Conflicts of Interest with General Shareholders
First written in FY2020. 6 of 8 entries say "Softened", first in FY2021-Q2. Latest entry: FY2025.
for Startups moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
6 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「March 2024 Ended the capital relationship with former parent WILL GROUP,INC.」
Regarding the former risks of control by the parent company and conflicts of interest with general shareholders, the disclosure states that the capital relationship with WILL GROUP,INC. was ended in March 2024. - FY2024-Q2SoftenedAnnual report
「WILL GROUP,INC. 1-32-2 Honcho, Nakano-ku, Tokyo 1,925,400 54.14」
WILL GROUP,INC.'s ownership ratio fell from 54.3% at the end of FY2023 to 54.14% as of 30 September 2023. However, it remained the largest shareholder. - FY2023SoftenedAnnual report
「As of the end of the consolidated fiscal year, WILL GROUP,INC. held 54.3% of our total issued shares. Our group is not required to obtain WILL GROUP,INC.'s prior approval for any matters and makes management decisions independently.」
The parent's ownership ratio fell from 54.6% at the end of the previous fiscal year to 54.3%. Although it remains the controlling shareholder, the disclosure states that no prior approval is required and that decisions are made independently. - FY2022SoftenedAnnual report
「As of the end of the consolidated fiscal year, WILL GROUP,INC. held 54.6% of our total issued shares. Our group is not required to obtain WILL GROUP,INC.'s prior approval for any matters and makes management decisions independently.」
The parent's ownership ratio fell from 61.5% at the end of the previous fiscal year to 54.6%. Although it remains the controlling shareholder, the disclosure states that no prior approval is required and that decisions are made independently. - FY2022-Q2SoftenedAnnual report
「WILL GROUP,INC. 2,099,400 61.22」
WILL GROUP,INC.'s ownership ratio fell from 61.5% at the end of the previous fiscal year to 61.22% as of 30 September 2021. However, it remained the largest shareholder. - FY2021SoftenedAnnual report
「As of the end of the fiscal year, WILL GROUP,INC. held 61.5% of our total issued shares. Accordingly, WILL GROUP,INC. may influence decisions on fundamental matters, regardless of the intentions of other shareholders, including the election and dismissal of our directors, approval of mergers and other organizational reorganizations, transfers of significant businesses, amendments to our Articles of Incorporation and dividend payments. However, we are not required to obtain WILL GROUP,INC.'s prior approval for any matters, and we make management decisions independently.」
The parent's ownership ratio fell from 66.9% in FY2020 to 61.5%, and the disclosure states that no prior approval is required and that decisions are made independently. The parent company nevertheless remains the controlling shareholder. - FY2021-Q2SoftenedAnnual report
「WILL GROUP,INC. 2,099,400 62.14」
The parent's ownership ratio fell from 66.9% at the end of the previous fiscal year to 62.14%. However, it remained the largest shareholder. - FY2020First statedAnnual report
「As of the end of the fiscal year, WILL GROUP,INC. held 66.9% of our total issued shares. Accordingly, WILL GROUP,INC. may influence decisions on fundamental matters, regardless of the intentions of other shareholders, including the election and dismissal of our directors, approval of mergers and other organizational reorganizations, transfers of significant businesses, amendments to our Articles of Incorporation and dividend payments.」
The disclosure describes the possibility of control resulting from the parent company's 66.9% holding, while explaining the protection of general shareholders through the Regulations for the Management of Related-Party Transactions and other measures.