Dependence on the Representative Director and President
First written in FY2019. 13 of 16 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2025RestatedAnnual report
「To strengthen its response to future changes in the management environment and its efforts to enhance corporate value over the medium to long term, the Group aims to strengthen and enhance its management structure for the next generation. Takeuchi Koji (竹内 興次) became representative director and president effective 1 October 2024, and the Group is working to build a management structure that is not excessively dependent on Sugita Shogo (杉田 昭吾).」
The Group continues to pursue a next-generation management structure led by Sugita Shogo (杉田 昭吾) as representative director and chairman and Takeuchi Koji (竹内 興次) as representative director and president, together with a policy of avoiding excessive dependence on the founder. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new occurrences of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies among the matters concerning business conditions and financial matters described in this interim report, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2024MitigatedAnnual report
「To strengthen its response to future changes in the management environment and its efforts to enhance corporate value over the medium to long term, the company aims to strengthen and enhance its management structure for the next generation. Takeuchi Koji (竹内 興次) became representative director and president effective 1 October 2024. Sugita Shogo (杉田 昭吾) became representative director and chairman and intends to continue contributing to the growth of the Group.」
As part of building a management structure that avoids excessive dependence on the founder, Takeuchi Koji (竹内 興次) became representative director and president effective 1 October 2024, and Sugita Shogo (杉田 昭吾) became representative director and chairman. - 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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2024-Q1RestatedAnnual report
「During the cumulative first 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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2023SoftenedAnnual report
「Accordingly, as the business expands, the company is working to build a management structure that is not excessively dependent on Sugita Shogo (杉田 昭吾). However, if unforeseen circumstances arise involving Sugita Shogo (杉田 昭吾) for any reason, the Group's operating performance and business development could be affected.」
The company continues to address dependence on its founder and representative director and president and its policy of avoiding excessive dependence, but this filing does not explicitly mention the possibility of his departure, as previous filings did. - FY2023-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 concludes that there were no material changes to the risk of dependence on the representative director and president. - 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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2022-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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2022-Q1RestatedAnnual report
「During the cumulative first 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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2021RestatedAnnual report
「Accordingly, as the business expands, the company is working to build a management structure that is not excessively dependent on Sugita Shogo (杉田 昭吾). However, if unforeseen circumstances arise involving Sugita Shogo (杉田 昭吾) for any reason, or if Sugita Shogo (杉田 昭吾) were to leave office, the Group's operating performance and business development could be affected.」
The company continues to address dependence on its founder and representative director and president, while pursuing a management structure designed to avoid excessive dependence on him. - FY2021-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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2021-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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2021-Q1RestatedAnnual report
「During the cumulative first 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 concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no newly emerging business or other risks. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there were no material changes to the risk of dependence on the representative director and president. - FY2019First statedAnnual report
「Sugita Shogo (杉田 昭吾), the founder and representative director and president of the Group, plays an important role in advancing the business, including determining management policies and strategies.」
While the company is working to build a management structure that is not excessively dependent on the president as the business expands, it states that unforeseen circumstances affecting him or his departure could affect business development and operating performance.