Founder dependence and securing research and development personnel
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2019RestatedAnnual report
「① The company relies heavily on its founder, Representative Director and President Sanka Yoshiyuki (山海 嘉之), for management and the development of new technologies. If he becomes unable to perform his duties for any reason, this could affect the operating results of the Group and its future business development.」
The company continues to disclose its reliance on the founder for management and the development of new technologies as an organizational risk. - FY2018RestatedAnnual report
「The group depends heavily on its founder, Representative Director and President Yamaki Yoshiyuki (山海 嘉之), in management and the development of new technologies. If he becomes unable to perform his duties for any reason, this could affect the group’s operating results and future business development.」
The company reiterates the risks associated with reliance on the founder for management and technological development, as well as the need to secure R&D, sales, production and administrative personnel. - FY2017RestatedAnnual report
「The group depends heavily on its founder, Representative Director and President Yamaki Yoshiyuki (山海 嘉之), in management and the development of new technologies. If he becomes unable to perform his duties for any reason, this could affect the group’s operating results and future business development.」
In addition to reliance on the founder, the company identifies the departure of R&D personnel and securing staff for the sales, production and administrative functions as organizational challenges. - FY2017-Q1RestatedAnnual report
「Yamaki Yoshiyuki (山海 嘉之) created this cybernics technology and remains a central figure in cybernics research, as well as a business leader promoting its innovative technology’s contribution to society. Accordingly, the company believes that Yamaki Yoshiyuki (山海 嘉之) will need to remain steadily involved in management for the time being to enhance the group’s corporate value, or the common interests of shareholders.」
The company reiterates that the founder is central to research and business development and that his stable involvement in management will be necessary for the time being. - FY2016First statedAnnual report
「The group depends heavily on its founder, Representative Director and President Yamaki Yoshiyuki (山海 嘉之), in management and the development of new technologies. If he becomes unable to perform his duties for any reason, this could affect the group’s operating results and future business development.」
The company discloses dependence on the founder for management and technology development, as well as the organizational risks of losing highly skilled research and development personnel and difficulty securing replacements.