Governance structure
Company with an Audit & Supervisory Committee, subject to approval at the Ordinary General Meeting of Shareholders scheduled for 26 June 2026In connection with the transition to a company with an Audit & Supervisory Committee, the eligible participants under the plan will change to directors who are not Audit & Supervisory Committee members, excluding outside directors. The target period will be extended from the fiscal year ending March 2027 through the fiscal year ending March 2029, and the total cap on contributions to the trust for the extended period will be ¥3.6 billion. If the period is extended again, the cap will be the number of fiscal years in the target period multiplied by ¥1.2 billion. The annual cap on the total number of points will be changed from 600,000 points to 200,000 points. There will be no changes to the criteria for awarding points, the timing of share delivery or the transfer restrictions.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Committee, subject to approval at the Ordinary General Meeting of Shareholders scheduled for 26 June 2026 |
| Changes this time | In connection with the transition to a company with an Audit & Supervisory Committee, the eligible participants under the plan will change to directors who are not Audit & Supervisory Committee members, excluding outside directors. The target period will be extended from the fiscal year ending March 2027 through the fiscal year ending March 2029, and the total cap on contributions to the trust for the extended period will be ¥3.6 billion. If the period is extended again, the cap will be the number of fiscal years in the target period multiplied by ¥1.2 billion. The annual cap on the total number of points will be changed from 600,000 points to 200,000 points. There will be no changes to the criteria for awarding points, the timing of share delivery or the transfer restrictions. |
Items this document does not state (6)
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.To clarify the linkage between directors’ compensation and the Company’s performance and share value, and to heighten awareness of contributing to medium- to long-term improvements in performance and growth in corporate value by sharing with shareholders the benefits and risks arising from share price fluctuations. In addition, to provide incentives that encourage the sustained enhancement of corporate value after shares are delivered.