Revamp of the Executive Structure Following Clarification of Management Responsibility
First written in FY2019-Q2. 5 of 7 entries say "Advanced", first in FY2019. Latest entry: 2026-05-20.
The whole theme swung hardest in 2025: 4 of 27 companies on the "Worse" side.
15 other companies' latest entry also says "Advanced".
- 2026-05-20AdvancedOccurring Fact
「On 13 March 2026, the Shizuoka District Court handed down a judgment finding that 4 former directors had breached their duties as directors and accepting the company's claim for payment of the full amount sought, as described below. All of the former directors, including their heirs, appealed the judgment of the court of first instance to the Tokyo High Court, challenging the remand-trial judgment described in (2).」
In the damages action against former officers from the founding family and others, the remand trial found that 4 former directors had breached their duties and ordered payment of the full amount claimed. The proceedings are continuing following an appeal by all of the former directors. - FY2023AdvancedAnnual report
「June 2023 Chairman and Representative Director of the Company (current position) June 2023 President and Representative Director of the Company (current position)」
In June 2023, Saga Kosuke (嵯峨 行介) became chairman and representative director and Kato Hiroaki (加藤 広亮) became president and representative director, resulting in a change in top management. - FY2020AdvancedAnnual report
「26 June 2020 President and Representative Director of the Company (current position)」
Effective 26 June 2020, Saga Kosuke (嵯峨 行介) became president and representative director, further refreshing the executive structure. - FY2020-Q2AdvancedAnnual report
「Executive Vice President and Representative Director Executive Vice President and Director Saga Kosuke (嵯峨 行介) 1 October 2019」
Effective 1 October 2019, Saga Kosuke (嵯峨 行介)'s position changed from executive vice president and director to executive vice president and representative director. - FY2019AdvancedAnnual report
「After clarifying management responsibility for the series of events that significantly affected many customers, shareholders and other stakeholders, we filed lawsuits seeking damages against the founding family and officers other than members of the founding family, including directors and executive officers.」
In addition to disclosing the retirement of officers and the change of president, the disclosure states that lawsuits seeking damages were filed against the founding family and officers other than members of the founding family. - FY2019-Q3RestatedAnnual report
「President and Representative Director Director Arikuni Michio (有國 三知男) 7 September 2018」
The retirement of officers and appointment of the president and representative director effective 7 September 2018 were reiterated in the information on officers. - FY2019-Q2First statedAnnual report
「(1) Retiring officers Chairman of the Board and Representative Director Okano Koki (岡野 光喜) President and Representative Director Yoneyama Akihiro (米山 明広) Senior Managing Director and Representative Director Shirai Toshihiko (白井 稔彦) Senior Managing Director Mochizuki Kazuya (望月 和也) Managing Director Yanagisawa Noriaki (柳沢 昇昭) Date of retirement 7 September 2018 (2) Change in position President and Representative Director Arikuni Michio (有國 三知男) Date of change 7 September 2018」
Effective 7 September 2018, 5 officers, including the chairman and president, retired, and Arikuni Michio (有國 三知男) became president and representative director.