Governance structure
Company with an Audit and Supervisory CommitteeWhen 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.
As a general rule, the Company has a policy of not holding strategic shareholdings. It assesses the benefits of holding major strategic shareholdings and the cost of capital, and is reducing them based on that assessment. During fiscal 2025, it reduced such holdings by 6 issues, representing approximately ¥4.2 billion.
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.
During fiscal 2025, strategic shareholdings were reduced by 6 issues, representing approximately ¥4.2 billion. The policy for determining director compensation, etc. was revised on 26 March 2026. Other changes from the previous report: Not disclosed.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 11 directors, including 8 outside directors |
| Number of independent officers | 6 |
| Committee | Audit & Supervisory Committee (100% outside members), voluntary Nomination and Compensation Committee (4 of 5 members are outside members, 80%), Sustainability Committee (percentage of outside members: Not disclosed) |
| Policy on cross-shareholdings | As a general rule, the Company has a policy of not holding strategic shareholdings. It assesses the benefits of holding major strategic shareholdings and the cost of capital, and is reducing them based on that assessment. During fiscal 2025, it reduced such holdings by 6 issues, representing approximately ¥4.2 billion. |
| Takeover defenses | Not adopted |
| Controlling shareholder | No controlling shareholder other than a parent company; no parent company |
| Changes this time | During fiscal 2025, strategic shareholdings were reduced by 6 issues, representing approximately ¥4.2 billion. The policy for determining director compensation, etc. was revised on 26 March 2026. 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 is reducing its strategic shareholdings based on an assessment of the benefits of holding them and the cost of capital. The report does not specifically explain the reason for revising the compensation policy.