Development of Executive Candidates and Succession Planning

「The talent pools at each level are adequately populated, with approximately 500 participants in development programmes and approximately 200 people in the talent pipeline.」

「We are expanding the management talent pool by selecting potential future executives at each level through open applications, including from employees of Group companies, as well as recommendations from top management, including executive officers. For selected candidates, we prepare development plans based on objective assessments by external organisations and regular discussions by management, and develop them through a wide variety of challenging work experiences.」

「We seek to expand, both qualitatively and quantitatively, the pool of executive candidates with the qualities needed to drive sustained profit growth and enhance corporate value over the medium to long term through pursuit of the 4S model. To produce executive candidates, primarily executive officers, the management team, led by the President, selects candidates and becomes deeply involved in supporting their development. On this basis, the Personnel and Compensation Advisory Committee is working to enhance the development of the executive candidate pool, succession planning and the process for formulating those plans, while drawing on external expertise from independent outside directors and external organisations.」