Strengthening Oversight Functions through Outside Directors and Corporate Auditors
First written in FY2016. 4 of 9 entries say "Advanced", first in FY2017. Latest entry: 2026-07-09.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
69 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「To strengthen the Board of Directors’ oversight function, the Company had appointed 5 highly independent outside directors with extensive knowledge as of 23 June 2025, the date of submission of the annual securities report,」
The oversight structure involving 5 highly independent outside directors continues. The Board of Directors met 14 times in fiscal 2024. - FY2022AdvancedAnnual report
「In addition, to strengthen the Board of Directors’ oversight function, the Company has appointed 5 highly independent outside directors with extensive knowledge. From an independent position separate from management, these outside directors actively provide opinions and advice on proposals and deliberations, contributing to lively discussions at Board meetings.」
The number of outside directors increased from 4 in the previous fiscal year to 5, expanding the oversight structure involving independent outside directors. - FY2020AdvancedAnnual report
「In addition, to strengthen the Board of Directors’ oversight function, the Company has appointed 4 highly independent outside directors with extensive knowledge: Kojima Akira (小島 明), Ito Tetsuo (伊藤鉄男), Yamashita Yukari (山下ゆかり) and Kawasaki Shuichi (川崎秀一),」
The number of outside directors increased from 3 to 4, establishing a more concrete structure for strengthening the oversight function. - FY2019AdvancedAnnual report
「In addition, to strengthen the Board of Directors’ oversight function, the Company has appointed 3 highly independent outside directors with extensive knowledge, whose active comments on proposals and deliberations have led to lively discussions at Board meetings. To provide outside directors with sufficient information and enable them to perform their functions appropriately, the Company holds regular meetings for exchanging views with the President, has established a joint office for outside directors and provides office support through the secretariat. It has also established a liaison meeting for outside officers to provide advance explanations of Board meeting proposals and facilitate the exchange of information and views among outside officers.」
The Company explicitly states that there are 3 outside directors and again provides specific disclosure of oversight support measures through meetings for exchanging views, a joint office, secretarial support and a liaison meeting for outside officers. - FY2018SoftenedAnnual report
「In addition, to strengthen the Board of Directors’ oversight function, the Company has appointed 2 highly independent outside directors with extensive knowledge. From an independent position separate from management, these outside directors actively provide opinions and advice on proposals and deliberations, contributing to lively discussions at Board meetings.」
Previous disclosures stated that there were 3 outside directors, but the corporate governance section states 2. The section on takeover defenses also states that there are 3 outside directors, so the figures are inconsistent within the same filing. - FY2017AdvancedAnnual report
「In addition, to strengthen the Board of Directors’ oversight function, the Company has appointed 3 highly independent outside directors with extensive knowledge, whose active comments on proposals and deliberations have led to lively discussions at Board meetings. To provide outside directors with sufficient information and enable them to perform their functions appropriately, the Company holds regular meetings for exchanging views with the President, has established a joint office for outside directors and provides office support through the secretariat. It has also established a liaison meeting for outside officers to provide advance explanations of Board meeting proposals and facilitate the exchange of information and views among outside officers.」
In addition to 3 outside directors, the Company discloses specific support measures for oversight, including meetings for exchanging views, a joint office, secretarial support and a liaison meeting for outside officers. - FY2016First statedAnnual report
「First, to clarify the structure for execution of operations, the Company has introduced an executive officer system and is strengthening the Board of Directors’ oversight function by appointing 3 outside directors who do not execute operations, in addition to 2 outside audit & supervisory board members.」
The executive officer system, 2 outside audit & supervisory board members and 3 outside directors are cited as measures to strengthen governance.