Key-person dependency risk
First written in FY2018. 1 of 3 entries say "Worsened", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We are also working to establish an organizational business management structure that does not depend on the abilities of any one individual. However, the individual concerned plays an important role in promoting the group's business and building its brands at present.」
The company continues to state that, while advancing an organizational management structure and developing successors, the founder plays an important role in promoting the business and building the brand. - FY2020WorsenedAnnual report
「We are also working to establish an organizational business management structure that does not depend on the abilities of any one individual. However, the individual concerned plays an important role in promoting the group's business and building its brands at present.」
While advancing the establishment of an organizational management structure, the company explicitly states that the Representative Director and President plays an important role in business development and brand building, making the dependence risk more specific. - FY2018First statedAnnual report
「In particular, new brands and products are conceived by Tsuyoshi Matsushita (松下 剛), Representative Director and President. Our group is transitioning to a structure that can develop new brands and products and operate the business without depending on Tsuyoshi Matsushita (松下 剛), Representative Director and President.」
The company identifies its dependence on the Representative Director and President for ideas for new brands and products as a risk, and has set out the dissemination of policies throughout each division and a transition to a new organizational structure.