Addressing liability risks through directors and officers liability insurance
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2026.
115 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The policy provides coverage for losses, including defense costs, damages and settlement payments, arising from claims for damages, including shareholder derivative actions, brought during the insurance period in connection with the insured persons' liability in the performance of their duties or the pursuit of such liability, which the insured persons may be required to bear.」
Continued the framework for covering defense costs, damages, settlement payments and other costs through directors and officers liability insurance. - FY2022First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The policy provides coverage for losses, including defense costs, damages and settlement payments, arising from claims for damages, including shareholder derivative actions, brought during the insurance period in connection with the insured persons' liability in the performance of their duties or the pursuit of such liability, which the insured persons may be required to bear.」
Disclosed a framework under which directors, officers, managers and other employees are covered by directors and officers liability insurance, with coverage provided for defense costs, damages and settlement payments.