Dependence on a Specific Representative Director
First written in FY2016. 14 of 19 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 10 of 77 companies on the "Worse" side.
- FY2025RestatedAnnual report
「Our Representative Executive Officer and President Shibuya Jun (渋谷順) is the Chief Executive Officer and a major shareholder of the company, and plays an important role in determining management policies and business strategies.」
The company continues to disclose its dependence on the Representative Executive Officer and President and measures to limit that dependence by recruiting management team members and delegating authority. - FY2024RestatedAnnual report
「Our Representative Executive Officer and President Shibuya Jun (渋谷順) is the Chief Executive Officer and a major shareholder of the company, and plays an important role in determining management policies and business strategies.」
The company continues to disclose its dependence on the Representative Executive Officer and President and measures to limit that dependence by recruiting management team members and delegating authority. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Regarding dependence on a specific Representative Executive Officer and President, the company states that there have been no major risks or material changes. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
Regarding dependence on a specific Representative Executive Officer and President, the company states that there have been no major risks or material changes. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated group, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business, accounting conditions, financial statements and other matters described in the quarterly report.」
Regarding dependence on a specific Representative Executive Officer and President, the company states that there have been no major risks or material changes. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Regarding dependence on a specific Representative Executive Officer and President, the company states that there have been no major risks or material changes. - FY2022-Q1ReframedAnnual report
「Collateral: The company has received, as collateral, shares of the company held by 株式会社コモンズ＆センス, a company in which our Director and Representative Executive Officer and President Shibuya Jun (渋谷順) holds more than half of the voting rights.」
The disclosure on dependence on the Representative Executive Officer and President now also covers borrowing secured by the company's shares held by a company in which he holds more than half of the voting rights. - FY2021ReframedAnnual report
「The debt guarantee provided by our Representative Executive Officer and President Shibuya Jun (渋谷順) remains in place due to relationships with suppliers and landlords. However, after examining the rationality and necessity of the related-party transactions themselves and the appropriateness of their terms, among other matters, the group has sought to eliminate or reduce related-party transactions as far as possible. Going forward, it plans to continue eliminating them as far as possible, taking into account the necessity of the transactions and their terms.」
The disclosure on dependence on the Representative Executive Officer and President now also states that a debt guarantee provided by him remains in place and that the company intends to eliminate or reduce related-party transactions as far as possible. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business and accounting conditions described in the quarterly report.」
Regarding dependence on a specific Representative Executive Officer and President, the company states that there have been no major risks or material changes. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Regarding dependence on a specific Representative Executive Officer and President, the company states that there have been no major risks or material changes. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
Regarding dependence on a specific Representative Executive Officer and President, the company states that there have been no major risks or material changes. - FY2020ReframedAnnual report
「Our Representative Executive Officer and President Shibuya Jun (渋谷順) is responsible for management and is also a major shareholder of the company, and plays an important role in determining management policies and business strategies. Accordingly, the group is working to strengthen its management structure by inviting people with extensive experience and knowledge to join the management team, while also appropriately delegating authority to the leaders of each business division to establish a structure that does not depend excessively on him.」
Dependence on the Representative Director and President is described as dependence on the Representative Executive Officer and President, with the recruitment of management team members and delegation of authority to business-division leaders explicitly identified as countermeasures. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Regarding dependence on a specific representative director, the company states that there have been no material changes. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
Regarding dependence on a specific representative director, the company states that there have been no material changes. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Regarding dependence on a specific representative director, the company states that there have been no material changes. - FY2018RestatedAnnual report
「Our Representative Director and President Shibuya Jun (渋谷順) is responsible for management and is also a major shareholder of the company, and plays an important role in determining management policies and business strategies. Accordingly, the company is working to establish a structure that does not depend excessively on the Representative Director and President by promoting mutual information sharing among officers at Board of Directors meetings and strengthening the management organisation.」
The company continues to disclose its dependence on the Representative Director and President, along with measures to avoid excessive dependence through information sharing within the Board of Directors and by strengthening the management organisation. - FY2017SoftenedAnnual report
「Our Representative Director and President Shibuya Jun (渋谷順) is responsible for management and is also a major shareholder of the company, and plays an important role in determining management policies and business strategies. Accordingly, the company is working to establish a structure that does not depend excessively on the Representative Director and President by promoting mutual information sharing among officers at Board of Directors meetings and strengthening the management organisation.」
Previously described as dependence on the Representative Director and Chairman and the Representative Director and President, the risk is described for the current fiscal year as dependence on the Representative Director and President, with the company stating that excessive dependence will be avoided through information sharing within the Board of Directors and by strengthening the management organisation. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding dependence on a specific representative director, the company states that there have been no material changes to the risk disclosures overall. - FY2016First statedAnnual report
「Our Representative Director and Chairman Shibuya Kazumasa (渋谷一正) and Representative Director and President Shibuya Jun (渋谷順) are both responsible for management and major shareholders of the company, and play important roles in determining management policies and business strategies.」
The company recognises its dependence on both representative directors and also states a policy of avoiding excessive dependence by improving information sharing within the Board of Directors and strengthening the management organisation.