Governance structure
Company with an Audit & Supervisory Committee (subject to approval at the annual general meeting of shareholders scheduled for 26 June 2026)The Company will change from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee, delete provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board, and introduce provisions concerning Audit & Supervisory Committee members and the Audit & Supervisory Committee. The Company will nominate 3 candidates for director positions as Audit & Supervisory Committee members, and will introduce provisions enabling the Board of Directors to delegate authority to directors to make decisions on important business execution, as well as provisions concerning virtual-only general meetings of shareholders.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Committee (subject to approval at the annual general meeting of shareholders scheduled for 26 June 2026) |
| Number of directors | Under the proposed amendments, there will be no more than 7 directors who are not Audit & Supervisory Committee members and no more than 5 directors who are Audit & Supervisory Committee members. The candidates proposed this time comprise 1 director who is not an Audit & Supervisory Committee member and 3 directors who are Audit & Supervisory Committee members. Of these, 3 Audit & Supervisory Committee members are outside directors. |
| Committee | Audit & Supervisory Committee. Based on the candidates, all 3 of the 3 members (100%) will be outside members. The Nominating Committee and Compensation Committee are not disclosed. |
| Changes this time | The Company will change from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee, delete provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board, and introduce provisions concerning Audit & Supervisory Committee members and the Audit & Supervisory Committee. The Company will nominate 3 candidates for director positions as Audit & Supervisory Committee members, and will introduce provisions enabling the Board of Directors to delegate authority to directors to make decisions on important business execution, as well as provisions concerning virtual-only general meetings of shareholders. |
Items this document does not state (4)
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 strengthen the Board of Directors’ audit and supervisory functions and enhance corporate governance and the fairness, transparency and efficiency of management through faster decision-making and business execution enabled by the delegation of authority.