Risk of Dependence on the Founder and Representative Director
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2017: 2 of 14 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「In addition, although Masahiro Momoto (百本 正博), the Representative Director, is currently delegating authority, he continues to play an important role in all aspects of the business.」
While dependence on the Representative Director remains, the company describes its efforts to reduce that dependence by stating that it is currently delegating authority. - FY2022RestatedAnnual report
「In addition, Masahiro Momoto (百本 正博), the Representative Director, has played an important role in all aspects of the business since its founding. If circumstances arise for any reason that make it difficult for this director to perform his duties, this may affect our business and operating results.」
The company continues to disclose its dependence on the Representative Director, who is also the founder, and the potential impact if he becomes unable to perform his duties. - FY2021First statedAnnual report
「Masahiro Momoto (百本 正博), the Representative Director, has played an important role in all aspects of the business since its founding. If circumstances arise for any reason that make it difficult for this director to perform his duties, this may affect our business and operating results.」
The company discloses the difficulty faced by the Representative Director in performing his duties as a factor that may affect the business and operating results.