Governance structure
Company with an Audit & Supervisory Boardstated as “not applicable” in 4-8③
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
Basic Policy, Article 7. The company does not engage in transactions that could harm the interests of the company or its shareholders as a whole, such as continuing transactions with cross-shareholding shareholders without sufficiently verifying their economic rationale. Policy for reducing cross-shareholdings, number of holdings and amount: Not disclosed
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Basic Policy, Article 8, and Appendix 1 to the Basic Policy. Whether the measure was introduced, renewed or abolished: Not disclosed
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The report states that, as of the date of submission, outside directors account for 50% of the Board of Directors and independent outside members, including Audit & Supervisory Board members, account for 60% of the Board's members. Changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Policy on cross-shareholdings | Basic Policy, Article 7. The company does not engage in transactions that could harm the interests of the company or its shareholders as a whole, such as continuing transactions with cross-shareholding shareholders without sufficiently verifying their economic rationale. Policy for reducing cross-shareholdings, number of holdings and amount: Not disclosed |
| Takeover defenses | Basic Policy, Article 8, and Appendix 1 to the Basic Policy. Whether the measure was introduced, renewed or abolished: Not disclosed |
| Controlling shareholder | Not applicable (stated as “not applicable” in 4-8③) |
| Changes this time | The report states that, as of the date of submission, outside directors account for 50% of the Board of Directors and independent outside members, including Audit & Supervisory Board members, account for 60% of the Board's members. Changes from the previous report: Not disclosed |
Items this document does not state (3)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As the company implements all principles and supplementary principles of the Corporate Governance Code, it discloses the status of their implementation.