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.
For each individual holding, the company quantitatively verifies whether dividends received and related income exceed the cost of capital (WACC), and also scrutinizes the holding's contribution to enhancing corporate value. The company will continue to hold shares where the purpose of the holding is deemed meaningful, seek to improve the value of holdings whose significance has diminished, and consider selling holdings where improvement is not expected. The number and value of holdings are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
No specific changes from the previous report are stated.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 11 (including 6 outside directors) |
| Number of independent officers | 6 |
| Committee | Nomination Committee (outside members: 3 of 3, 100%), Compensation Committee (outside members: 3 of 3, 100%), Audit and Supervisory Committee (outside members: 3 of 4, 75%) |
| Policy on cross-shareholdings | For each individual holding, the company quantitatively verifies whether dividends received and related income exceed the cost of capital (WACC), and also scrutinizes the holding's contribution to enhancing corporate value. The company will continue to hold shares where the purpose of the holding is deemed meaningful, seek to improve the value of holdings whose significance has diminished, and consider selling holdings where improvement is not expected. The number and value of holdings are not disclosed. |
| Controlling shareholder | The explicit statement that there is no controlling shareholder or parent company is Not disclosed. The name and voting rights ratio are also Not disclosed. |
| Changes this time | No specific changes from the previous report are stated. |
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 disclose the company's compliance with the Corporate Governance Code, institutional design, Board of Directors composition, effectiveness evaluation and other matters.