Governance structure
Company with an Audit & Supervisory BoardWhen 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.
The Company will hold shares for strategic purposes from a medium- to long-term perspective where it determines that doing so will contribute to business expansion, sustainable growth and enhanced corporate value. The aggregate acquisition cost of individual holdings will not exceed 3% of total assets. The Board of Directors will verify their economic rationality and necessity and decide whether to continue, increase, reduce or discontinue each holding.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not implemented. There are currently no plans to implement one.
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
Revision of Article 10 (Establishment of a corporate creed and management philosophy that form the foundation for enhancing corporate value over the medium to long term) and Article 17 (Enhancement of information disclosure)
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of independent officers | 6 in total: 4 independent outside directors and 2 independent outside Audit & Supervisory Board Members |
| Committee | Voluntary Nomination and Compensation Committee, chaired by an independent outside director and comprising 6 members. Outside members account for 5 of the 6 members, including Audit & Supervisory Board Members. |
| Policy on cross-shareholdings | The Company will hold shares for strategic purposes from a medium- to long-term perspective where it determines that doing so will contribute to business expansion, sustainable growth and enhanced corporate value. The aggregate acquisition cost of individual holdings will not exceed 3% of total assets. The Board of Directors will verify their economic rationality and necessity and decide whether to continue, increase, reduce or discontinue each holding. |
| Takeover defenses | Not implemented. There are currently no plans to implement one. |
| Controlling shareholder | The name of the controlling shareholder and voting rights ratio are Not disclosed. However, measures addressing conflicts of interest between the controlling shareholder and minority shareholders are described. |
| Changes this time | Revision of Article 10 (Establishment of a corporate creed and management philosophy that form the foundation for enhancing corporate value over the medium to long term) and Article 17 (Enhancement of information disclosure) |
Items this document does not state (1)
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 establish a corporate creed and management philosophy that form the foundation for enhancing corporate value over the medium to long term, and to enhance information disclosure.