Dependence on a specific member of management
First written in FY2018. 1 of 4 entries say "Mitigated", first in FY2019. Latest entry: FY2025.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2025RestatedAnnual report
「As a response, we are working to establish a governance structure and strengthen our personnel, assigning executives and employees to appropriate positions, while considering and formulating a succession plan in accordance with the Corporate Governance Code.」
The response to dependence on a particular executive, through governance, personnel development, appropriate placement of personnel, and a succession plan, is being reconfirmed. - FY2021Explicit succession planningAnnual report
「In accordance with the Corporate Governance Code, we will consider and formulate a succession plan.」
In addition to the existing governance structure, personnel development, and transfer of expertise, the company explicitly states its policy of considering and formulating a succession plan. - FY2019MitigatedAnnual report
「We are strengthening our personnel not only to establish a governance structure but also to pass on expertise and experience, and are building a robust structure by assigning executives and employees to appropriate positions.」
In response to the risk of dependence on a particular executive, the company states that it is advancing governance, personnel development, and the transfer of expertise and experience. - FY2018First statedAnnual report
「Toshiyuki Shuto (首藤 利幸), our representative director and president, is the founder of our group and plays an important role in overall management, including formulating and deciding our group's management policies and strategies, as well as sales strategies and business execution.」
This does not indicate a succession plan or delegation of authority; it is disclosed as a risk that relationships and networks may be affected if the founder becomes unable to perform his duties.