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.
The company holds shares where this is deemed to contribute to the enhancement of corporate value over the medium to long term, while gradually reducing its holdings from the perspective of improving asset efficiency. The Board of Directors reviews the appropriateness of each holding once a year, and shares deemed unjustified are subject to reduction. The number of holdings and their value are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Implemented. Whether the measures have been renewed or discontinued is not disclosed. The company has established a policy for responding to large-scale purchases of shares.
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The revised sections are indicated by underlining in the attached guidelines, but the details of the changes are not stated in the document.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Committee | Nomination Committee and Compensation Committee (a majority of the Compensation Committee consists of independent outside directors; the proportion of outside members of the Nomination Committee is not disclosed) |
| Policy on cross-shareholdings | The company holds shares where this is deemed to contribute to the enhancement of corporate value over the medium to long term, while gradually reducing its holdings from the perspective of improving asset efficiency. The Board of Directors reviews the appropriateness of each holding once a year, and shares deemed unjustified are subject to reduction. The number of holdings and their value are not disclosed. |
| Takeover defenses | Implemented. Whether the measures have been renewed or discontinued is not disclosed. The company has established a policy for responding to large-scale purchases of shares. |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | The revised sections are indicated by underlining in the attached guidelines, but the details of the changes are not stated in the document. |
Items this document does not state (2)
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 embody the corporate philosophy and achieve the best possible corporate governance aimed at sustainable growth and the enhancement of corporate value over the medium to long term.