Concentration of authority in specific executives
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2021-Q3.
The whole theme swung hardest in 2026: 10 of 76 companies on the "Worse" side.
- FY2021-Q3MaterialisedAnnual report
「Representative Director and Group Chairman; Head of the Video Division and Head of the Kyoto Region; Okada Tsuyoshi (岡田 剛); 18 November 2020 (due to death)」
In relation to the risk described as the possibility of an unforeseen event affecting a specific executive, Representative Director and Group Chairman Okada Tsuyoshi (岡田 剛) changed from the position due to his death. The main text does not describe any impact on the business. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to existing business and other risks, including the risk of concentration of authority in specific executives. - FY2020First statedAnnual report
「If an unforeseen event affects members of the Group's management, particularly Okada Tsuyoshi (岡田 剛), Representative Director and Group Chairman of the Company, or Tezuka Osamu (手塚 治), Representative Director and President of the Company, it may affect the development of the Group's business and other operations. To minimise this risk, the Group is working diligently to delegate authority to other directors and officers and establish internal control systems so as not to become excessively dependent on either individual.」
For the first time, explicitly identified dependence on the 2 Representative Directors as a risk and described mitigation measures involving the delegation of authority and development of internal control systems.