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’s basic policy is not to hold strategically held shares, except where such holdings are considered to contribute to enhancing the corporate value of the Group over the medium to long term. The company currently holds no strategically held shares.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not adopted
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The report states that the directors changed from Yuasa Tomoyuki (湯浅智之) and Kakuyama Tsuyoshi (角山剛) to Nakamura Yuri (中村有里) and Hara Yukari (原ゆかり) at the ordinary general meeting of shareholders held on 26 March 2025. Other changes from the previous report: Not disclosed.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 5 (including 2 outside directors) |
| Number of independent officers | 4 |
| Committee | Nomination and Compensation Committee: 3 members, including 2 outside directors; outside members account for 66.7%. A voluntary committee serving as the equivalent of both a nomination committee and a compensation committee. The chair is an internal director. |
| Policy on cross-shareholdings | The company’s basic policy is not to hold strategically held shares, except where such holdings are considered to contribute to enhancing the corporate value of the Group over the medium to long term. The company currently holds no strategically held shares. |
| Takeover defenses | Not adopted |
| Controlling shareholder | No controlling shareholder other than a parent company; no parent company |
| Changes this time | The report states that the directors changed from Yuasa Tomoyuki (湯浅智之) and Kakuyama Tsuyoshi (角山剛) to Nakamura Yuri (中村有里) and Hara Yukari (原ゆかり) at the ordinary general meeting of shareholders held on 26 March 2025. Other changes from the previous report: Not disclosed. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company states that it is working to improve the effectiveness of the Board of Directors and strengthen and enhance the transparency of its corporate governance.