Governance structure
The company currently has a board of company auditors. It plans to transition to a company with an audit and supervisory committee, subject to approval of the amendments to the Articles of Incorporation at the 80th Annual General Meeting of Shareholders scheduled for December 2027.The company has decided on a policy to transition from a company with a board of company auditors to a company with an audit and supervisory committee. It is establishing a secretariat for the Board of Directors. It is considering the appointment of additional outside directors at the 79th Annual General Meeting of Shareholders scheduled for December 2026. Details will be disclosed once finalized.
| Item | Details |
|---|---|
| Corporate Governance Structure | The company currently has a board of company auditors. It plans to transition to a company with an audit and supervisory committee, subject to approval of the amendments to the Articles of Incorporation at the 80th Annual General Meeting of Shareholders scheduled for December 2027. |
| Committee | Risk Management Committee (proportion of outside members: Not disclosed). The audit and supervisory committee is scheduled to be established following the transition; details are Not disclosed. |
| Changes this time | The company has decided on a policy to transition from a company with a board of company auditors to a company with an audit and supervisory committee. It is establishing a secretariat for the Board of Directors. It is considering the appointment of additional outside directors at the 79th Annual General Meeting of Shareholders scheduled for December 2026. Details will be disclosed once finalized. |
Items this document does not state (5)
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 take seriously the two extraordinary losses related to overseas investment and financing, establish a more stringent risk management framework, and strengthen the Board of Directors' oversight function, the speed of decision-making, and the deliberation and oversight framework.