Governance structure
Company with an Audit and Supervisory Committee (scheduled to change subject to approval at the ordinary general meeting of shareholders scheduled for 24 June 2026)The Company is scheduled to abolish the Audit and Supervisory Board and change to a company with an Audit and Supervisory Committee. Provisions concerning the Audit and Supervisory Committee and its members will be newly established, and provisions will be added to permit agreements limiting liability with Directors other than Executive Directors, to delegate decisions on important business execution by the Board of Directors, and to allow the Board of Directors to determine dividends of surplus and other matters.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (scheduled to change subject to approval at the ordinary general meeting of shareholders scheduled for 24 June 2026) |
| Number of directors | Up to 10 Executive Directors and other Directors, and up to 3 Directors who are Audit and Supervisory Committee Members (actual total and number of Outside Directors: not disclosed) |
| Committee | An Audit and Supervisory Committee will be established. The proportion of Outside Committee Members is not disclosed. Information on the Nomination Committee and Compensation Committee is not disclosed. |
| Changes this time | The Company is scheduled to abolish the Audit and Supervisory Board and change to a company with an Audit and Supervisory Committee. Provisions concerning the Audit and Supervisory Committee and its members will be newly established, and provisions will be added to permit agreements limiting liability with Directors other than Executive Directors, to delegate decisions on important business execution by the Board of Directors, and to allow the Board of Directors to determine dividends of surplus and other matters. |
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 strengthen the Board of Directors’ oversight function and further enhance corporate governance by appointing Directors who are Audit and Supervisory Committee Members and have voting rights, including multiple Outside Directors. To enable agreements limiting liability with Directors other than Executive Directors, so that individuals who remain useful as Directors can be recruited on an ongoing basis. To facilitate flexible capital and dividend policies.