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.
The company holds shares deemed necessary to build good relationships with business partners and facilitate the smooth operation of its business. The Board of Directors verifies the purpose of holdings and their risks and returns, and will sell and reduce holdings that are not deemed reasonable. The number and value of holdings are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not adopted (the company does not currently plan to adopt one)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
No specific changes from the previous report are stated. The report notes that the company transitioned to a Company with an Audit and Supervisory Committee in November 2020 and describes its response to revised and newly added Code provisions.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of independent officers | 1 |
| Committee | Audit and Supervisory Committee (3 outside directors, all Audit and Supervisory Committee members are outside directors). No advisory committees, such as a Nominating Committee or Compensation Committee, have been established. |
| Policy on cross-shareholdings | The company holds shares deemed necessary to build good relationships with business partners and facilitate the smooth operation of its business. The Board of Directors verifies the purpose of holdings and their risks and returns, and will sell and reduce holdings that are not deemed reasonable. The number and value of holdings are not disclosed. |
| Takeover defenses | Not adopted (the company does not currently plan to adopt one) |
| Controlling shareholder | No controlling shareholder |
| Changes this time | No specific changes from the previous report are stated. The report notes that the company transitioned to a Company with an Audit and Supervisory Committee in November 2020 and describes its response to revised and newly added Code provisions. |
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 ensure a high level of transparency, fairness and efficiency and maximize corporate value.