Governance structure
Company with an Audit and Supervisory CommitteeWhen 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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
Shares held for purposes other than investment are held only within the scope of holdings that satisfy conditions such as the reasonableness of the purpose of holding them, including business alliances, maintaining and strengthening business relationships, and stable shareholdings, and a consolidated balance-sheet carrying amount of no more than 5% of total assets. The need to increase holdings or dispose of shares is reviewed, and the matter is deliberated by the Board of Directors once a year. The company currently holds no listed shares as cross-shareholdings.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
None have been adopted. The company currently has no plans to adopt any.
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
Partially revised and updated as of 30 June 2026. The section on the evaluation of the effectiveness of the Board of Directors includes the results of the evaluation for fiscal 2025, responses to issues identified in the previous fiscal year, and key initiatives for fiscal 2026. No specific changes from the previous report have been indicated for the other items.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | Total: 11 directors, including 7 outside directors |
| Number of independent officers | 7 |
| Committee | Nomination and Compensation Committee (4 outside members out of 4 members; outside-member ratio: 100%), Governance Committee (7 outside members out of 11 members; outside-member ratio: approximately 63.6%), Audit and Supervisory Committee (3 outside members out of 4 members; outside-member ratio: 75%), Risk Management Committee, Sustainability Promotion Council |
| Policy on cross-shareholdings | Shares held for purposes other than investment are held only within the scope of holdings that satisfy conditions such as the reasonableness of the purpose of holding them, including business alliances, maintaining and strengthening business relationships, and stable shareholdings, and a consolidated balance-sheet carrying amount of no more than 5% of total assets. The need to increase holdings or dispose of shares is reviewed, and the matter is deliberated by the Board of Directors once a year. The company currently holds no listed shares as cross-shareholdings. |
| Takeover defenses | None have been adopted. The company currently has no plans to adopt any. |
| Controlling shareholder | The company has no controlling shareholder. |
| Changes this time | Partially revised and updated as of 30 June 2026. The section on the evaluation of the effectiveness of the Board of Directors includes the results of the evaluation for fiscal 2025, responses to issues identified in the previous fiscal year, and key initiatives for fiscal 2026. No specific changes from the previous report have been indicated for the other items. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To maximize corporate value for all stakeholders, including shareholders, and improve the transparency and efficiency of management.