How big of a red flag is this?


I was checking out this Japanese video game company and things looked pretty promising. But then I got to Note 3 on Page 24. Edit: On the paper it’s actually page 23 but for the pdf it’s 24. https://www.koeitecmo.co.jp/e/ir/docs/33833de079919bad7675b6707903b8765d275855.pdf

From what I can tell from that note seems it like there’s a major conflict of interest going on. What do you guys think? Am I misunderstanding what’s going on here or do you agree with me?


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