Dependence on the Representative Director and President
First written in FY2022. 1 of 3 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2024AchievedAnnual report
「In March 2023, management changed from the founder-manager to a new management structure.」
The Company explains that the transition from the founder-manager to a new management structure centred on Rito Nihei (仁平 理斗) has been completed. - FY2023-Q3MitigatedAnnual report
「Yutaka Ito (伊藤 豊), the Company's Representative Director and President, is also its founder, a major shareholder and its largest major shareholder, and played an important role in determining management policies and business strategies. As stated in the timely disclosure dated 16 November 2022, his position will change from Representative Director and President to Director on 1 March 2023, and he is scheduled to retire upon expiration of his term at the conclusion of the annual general meeting of shareholders for the fiscal year ended February 2023. The Group has been able to transition to a management structure that does not depend on Yutaka Ito (伊藤 豊), with the COO, Rito Nihei (仁平 理斗), overseeing the business and the CFO, Hironori Kitagawa (北川 裕憲), overseeing administration, and therefore believes that this change will have no impact on its results.」
The Company explains that, through the planned change and retirement of the Representative Director and President and the allocation of business and administrative responsibilities to the COO and CFO, it has transitioned to a management structure with reduced dependence on any particular individual. - FY2022First statedAnnual report
「Yutaka Ito (伊藤 豊), the Company's Representative Director and President, is also the Company's founder and a major shareholder, and plays an important role in determining management policies and business strategies. Likelihood: Low; expected timing: No specific timing; impact: Medium.」
The Company recognises its dependence on the Representative Director and President, and is strengthening its structure through information sharing among directors and business heads and alignment on decision-making criteria.