Governance structure
Company with Three Committeesboth N/A).
When 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 does not hold shares judged not to contribute to sustainable growth or the enhancement of corporate value over the medium to long term. Each year, the Board of Directors verifies the purpose of holdings, associated risks and performance against the cost of capital. Shares for which improvement cannot be achieved will be sold in a timely and appropriate manner. Number and value of holdings: Not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The company has disclosed that it transitioned to a company with a three-committee board structure in March 2025. Changes in this report compared with the previous report: Not disclosed.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Committees |
| Number of directors | 13 directors (including 8 outside directors) |
| Number of independent officers | 8 independent officers |
| Committee | Nominating Committee, Audit Committee and Compensation Committee (proportion of outside members: Not disclosed). In the voluntary Sustainability Advisory Committee, independent outside directors account for half of the members. |
| Policy on cross-shareholdings | The company does not hold shares judged not to contribute to sustainable growth or the enhancement of corporate value over the medium to long term. Each year, the Board of Directors verifies the purpose of holdings, associated risks and performance against the cost of capital. Shares for which improvement cannot be achieved will be sold in a timely and appropriate manner. Number and value of holdings: Not disclosed. |
| Controlling shareholder | No controlling shareholder. No parent company (both N/A). |
| Changes this time | The company has disclosed that it transitioned to a company with a three-committee board structure in March 2025. Changes in this report compared with the previous report: Not disclosed. |
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 clearly separate management oversight from execution functions, and to strengthen highly transparent decision-making and an organizational audit structure.