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.
For cross-shareholdings arising in the course of promoting business alliances, capital alliances and M&A, the Company considers the purpose and means and makes a decision for each transaction. It clarifies the investment classification and expected benefits, verifies their rationality and appropriateness through its internal decision-making process, and reports all such holdings to the Board of Directors. The policy on reducing such holdings and the number and value of holdings are Not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Adopted (large-scale purchase rules). Whether the measures will be renewed or abolished is Not disclosed.
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The differences from the previous report are not explicitly stated. The document indicates that the Company plans to change its governance structure in the future in response to changes in its growth, capital structure and other factors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | CG Committee (comprising independent outside directors and the Representative Director, President and CEO; a majority of the members are independent outside directors; the chair is an independent outside director); Sustainability Committee (proportion of outside members: Not disclosed) |
| Policy on cross-shareholdings | For cross-shareholdings arising in the course of promoting business alliances, capital alliances and M&A, the Company considers the purpose and means and makes a decision for each transaction. It clarifies the investment classification and expected benefits, verifies their rationality and appropriateness through its internal decision-making process, and reports all such holdings to the Board of Directors. The policy on reducing such holdings and the number and value of holdings are Not disclosed. |
| Takeover defenses | Adopted (large-scale purchase rules). Whether the measures will be renewed or abolished is Not disclosed. |
| Controlling shareholder | The document states that the Representative Director, President and CEO is a major shareholder, but the name, voting rights ratio and whether the individual qualifies as a controlling shareholder are Not disclosed. Information on a parent company is Not disclosed. |
| Changes this time | The differences from the previous report are not explicitly stated. The document indicates that the Company plans to change its governance structure in the future in response to changes in its growth, capital structure and other factors. |
Items this document does not state (2)
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 balance agile management decision-making suited to the Company's stage of growth, capital structure and business scale with effective oversight. The Company also aims to enhance corporate value, promote sound risk-taking and fulfill its accountability to shareholders and investors.