Maintaining Independence and Autonomy from Marubeni Corporation
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 2 of 18 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「To secure autonomy and independence in management, the Company has entered into a memorandum with Marubeni Corporation concerning management involvement and agreed that no prior approval or report would be required when making decisions on important matters concerning the Company.」
The explanation continues to address securing autonomy and independence in the relationship with Marubeni Corporation. - FY2022RestatedAnnual report
「To secure autonomy and independence in management, the Company entered into a memorandum with Marubeni Corporation concerning management involvement, dated 31 March 2005, and agreed that no prior approval or report would be required when making decisions on important matters concerning the Company.」
The explanation continues to state that autonomy and independence will be secured in the relationship with Marubeni Corporation. - FY2018RestatedAnnual report
「To secure autonomy and independence in management, the Company has entered into a memorandum with Marubeni Corporation concerning management involvement and agreed that no prior approval or report would be required when making decisions on important matters concerning the Company.」
The explanation continues to address the securing of autonomy and independence in the relationship with Marubeni Corporation. - FY2017RestatedAnnual report
「To secure autonomy and independence in management, the Company entered into a memorandum with Marubeni Corporation concerning management involvement, dated 31 March 2005, and agreed that no prior approval or report would be required when making decisions on important matters concerning the Company.」
The explanation continues to address the securing of autonomy and independence in the relationship with Marubeni Corporation. - FY2016First statedAnnual report
「To secure autonomy and independence in management, the Company entered into a memorandum with Marubeni Corporation concerning management involvement, dated 31 March 2005, and agreed that no prior approval or report would be required when making decisions on important matters concerning the Company.」
Regarding its relationship with Marubeni Corporation, the Company cites a memorandum providing that prior approval or reporting is not required for decisions on important matters as the basis for securing its autonomy.