Governance structure
Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors)Subject to approval at the 75th annual shareholders’ meeting scheduled for June 2027, the Company plans to transition from a company with an audit and supervisory board to a company with an audit and supervisory committee. The current structure of 13 directors and 5 audit and supervisory board members is planned to change to a structure with no more than 12 directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors) |
| Number of directors | Currently 13 directors. Following the transition, no more than 12 directors are planned. The number of outside directors is Not disclosed. |
| Committee | An audit and supervisory committee is planned. The proportion of outside committee members is Not disclosed. The nomination and compensation committee is Not disclosed. |
| Changes this time | Subject to approval at the 75th annual shareholders’ meeting scheduled for June 2027, the Company plans to transition from a company with an audit and supervisory board to a company with an audit and supervisory committee. The current structure of 13 directors and 5 audit and supervisory board members is planned to change to a structure with no more than 12 directors. |
Items this document does not state (4)
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 further enhance management transparency and objectivity and enable swift, flexible decision-making. The aim is also to strengthen the supervisory function through a board of directors in which outside directors constitute a majority, clarify the respective roles of business execution and supervision, and further delegate authority to the executive side.