Risks of founder dependence and concentration of controlling shareholders
First written in FY2020. 8 of 13 entries say "Restated". Latest entry: FY2026.
Kantsu Hd moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Hisahiro Tatsushiro (達城 久裕), the Company's Representative Director and Chairman, had been a Representative Director since the Company's establishment and became Representative Director and Chairman in April 2026.」
The founder's position changed from Representative Director and President to Representative Director and Chairman, while his relative Hisataka Tatsushiro (達城 利卓) became Representative Director and President. Meanwhile, the voting-rights ownership ratio of the founder, relatives and others is stated as 50.88%. - FY2025ReframedAnnual report
「The Company's founder, Representative Director and President, and his relatives hold approximately 50% of the Company's shares, representing 50.74% of voting rights, and have significant influence over decisions on management policies.」
The disclosure updates the voting-rights ownership ratio of the founder, relatives and others to 50.74% and explicitly identifies the potential for conflicts of interest with minority shareholders and the impact on the market price of large-scale share sales. - FY2025-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risks of founder dependence and concentration of control in the controlling shareholder. - FY2024ReframedAnnual report
「Hisahiro Tatsushiro (達城 久裕), the Company's founder and Representative Director and President, directly held 0.06% of the voting rights as of the end of the current consolidated fiscal year. The combined ownership ratio of the voting rights held by ロジ・エステート株式会社, an asset management company owned by Hisahiro Tatsushiro (達城 久裕), and shareholders who are relatives within the second degree of kinship of Hisahiro Tatsushiro (達城 久裕) was 50.67%.」
While the founder's direct ownership ratio was 0.06%, the disclosure shows a 50.67% voting-rights ownership ratio including the asset management company and relatives, updating the structure of concentrated control in the controlling shareholder. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risks of founder dependence and concentration of control in the controlling shareholder. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risks of founder dependence and concentration of control in the controlling shareholder. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risks of founder dependence and concentration of control in the controlling shareholder. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risks of founder dependence and concentration of control in the controlling shareholder. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risks of founder dependence and concentration of control in the controlling shareholder. - FY2022ReframedAnnual report
「Hisahiro Tatsushiro (達城 久裕), the Company's founder, Representative Director and President, and controlling shareholder, held 11.75% of the voting rights directly as of the end of the fiscal year. The combined ownership ratio of the voting rights held by ロジ・エステート株式会社, an asset management company owned by Hisahiro Tatsushiro (達城 久裕), and shareholders who are relatives within the second degree of kinship of Hisahiro Tatsushiro (達城 久裕) was 50.68%.」
In addition to explaining the Company's dependence on the founder and the concentration of voting rights including those of relatives, the Company explicitly identifies the impact on the market price if the founder sells shares as a risk. - FY2022-Q3RestatedAnnual report
「In addition, there were no material changes in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risks of founder dependence and concentration of control in the controlling shareholder. - FY2021RestatedAnnual report
「The founder plays an important role in the Company's business activities, including management policies and strategies, and the Company's dependence on him has increased. To establish a management structure that does not rely excessively on him, the Company is continuing to delegate authority to executive officers in charge, division heads and others.」
The Company explicitly states its high dependence on the founder and is continuing measures to delegate authority to executive officers in charge and division heads. - FY2020First statedAnnual report
「The combined ownership ratio of ロジ・エステート株式会社, an asset management company owned by Hisahiro Tatsushiro (達城 久裕), and the voting rights held by Hisataka Tatsushiro (達城 利卓), Toshimoto Tatsushiro (達城 利元), Yuka Tatsushiro (達城 裕佳), and Taiki Tatsushiro (達城 太貴), who are relatives within the second degree of kinship of Hisahiro Tatsushiro (達城 久裕), is 63.75%.」
The disclosure describes a structure in which the founder plays an important role in management policies and strategy, while voting rights remain concentrated among the founder's family and related parties.