Strengthening Corporate Governance and Ensuring Transparency
First written in FY2016. 7 of 15 entries say "Advanced", first in FY2017. Latest entry: FY2026.
65 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As of 24 June 2026 (the date of submission of the Annual Securities Report), the Board of Directors consists of 9 directors who are not Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members, 4 of whom are outside directors. The Board of Directors, chaired by Representative Director and President Kunio Aoi (青井 邦夫), generally meets at least once a month as the body responsible for deciding important matters relating to the Company’s operations and supervising the execution of directors’ duties.」
The change in president and transition in the management structure indicated for FY2025 are being operated as the current structure, with Kunio Aoi (青井 邦夫) serving as president and chair of the Board of Directors, and 4 outside directors disclosed. - FY2025AdvancedAnnual report
「If this proposal is approved, the Board of Directors will consist of 9 directors who are not Audit and Supervisory Committee members (Shuichi Imura (井村 周一), Kunio Aoi (青井 邦夫), Kazuhiro Sakuragi (桜木 和陽), Masami Kuramochi (倉持 正見), Yoko Ouchi (大内 陽子), Hiroyuki Kawauchi (川内 裕之), Ichiro Hayakawa (早川 一郎), Hiroshi Yamaguchi (山口 浩) and Eriko Kawajiri (川尻 恵理子)) and 3 directors who are Audit and Supervisory Committee members (Tadashi Asakura (朝倉 正), Masanori Nagato (永戸 正規) and Toshiyuki Tatsuta (龍田 俊之)). In accordance with the Articles of Incorporation, Kunio Aoi (青井 邦夫), who is scheduled to become Representative Director and President, is scheduled to serve as chair of the Board of Directors.」
It specified the transition in the management structure, including Kunio Aoi (青井 邦夫) becoming Representative Director and President and Shuichi Imura (井村 周一) becoming Chairman. - FY2024-Q3RestatedAnnual report
「Against this economic backdrop, the Group formulated a new medium-term management plan, “Resilience” Rasa 2024: From Renewal to Growth, covering the 3 years from the fiscal year ending March 2023 through the fiscal year ending March 2025. The Group positioned establishing group governance as its most important issue and worked to further enhance sustainable corporate value while strengthening cooperation across the Group and pursuing further growth.」
It reaffirms the medium-term management plan’s positioning of establishing group governance as the highest priority. - FY2024-Q1RestatedAnnual report
「We have worked to establish group governance as our highest priority, further strengthen coordination across the Group, achieve further growth and sustainably enhance corporate value.」
It reaffirms the medium-term management plan’s positioning of establishing group governance as the highest priority. - FY2023AdvancedAnnual report
「During the fiscal year under review, the Company held 18 Board of Directors meetings. The attendance of each director was as follows.」
As part of its corporate governance disclosures, it provides specific information on the number of Board of Directors meetings held, attendance and the activities of the Nomination and Compensation Committee. - FY2023-Q3RestatedAnnual report
「Against this economic backdrop, the Group formulated a new medium-term management plan, “Resilience” Rasa 2024: From Renewal to Growth, covering the 3 years from the fiscal year ending March 2023 through the fiscal year ending March 2025. The Group positioned establishing group governance as its most important issue and worked to further enhance sustainable corporate value while strengthening cooperation across the Group and pursuing further growth.」
It reaffirms the medium-term management plan’s positioning of establishing group governance as the highest priority. - FY2023-Q2RestatedAnnual report
「We have worked to establish group governance as our highest priority, further strengthen coordination across the Group, achieve further growth and sustainably enhance corporate value.」
The new medium-term management plan reaffirms establishing group governance as the highest priority. - FY2023-Q1RaisedAnnual report
「Against this economic backdrop, the Group formulated a new medium-term management plan, “Resilience” Rasa 2024: From Renewal to Growth, covering the 3 years from the fiscal year ending March 2023 through the fiscal year ending March 2025. The Group positioned establishing group governance as its most important issue and worked to further enhance sustainable corporate value while strengthening cooperation across the Group and pursuing further growth.」
The new medium-term management plan explicitly identifies establishing group governance as the highest priority, raising the priority assigned to strengthening governance. - FY2021MaterialisedAnnual report
「The Company recognizes that the inappropriate accounting identified by its internal investigation committee resulted from deficiencies in company-wide internal controls. For many years, inadequate management and governance of subsidiaries by the Company led to the construction of a control environment for reliable financial reporting being given insufficient attention.」
Against its previously stated policy of strengthening governance, deficiencies in subsidiary management and company-wide internal controls were identified as causes of the inappropriate accounting. - FY2020AdvancedAnnual report
「On 15 March 2019, it established a Nomination and Compensation Committee composed of a majority of outside directors. The committee reviews executive compensation paid in the previous fiscal year, deliberates on proposed compensation and other matters for directors who are not Audit and Supervisory Committee members, and submits its recommendations to the Board of Directors.」
It established a Nomination and Compensation Committee, specifying a compensation review process involving outside directors. - FY2017AdvancedAnnual report
「Based on a resolution of the 115th Annual General Meeting of Shareholders held on 28 June 2017, the Company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The Audit and Supervisory Committee consists of 3 directors, a majority of whom are outside directors. The Company believes that granting them voting rights at Board of Directors meetings will strengthen its audit and oversight functions and further enhance corporate governance.」
It changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, changing its audit and oversight structure to include outside directors. - FY2016First statedAnnual report
「The Company recognizes strengthening corporate governance as an important management priority and is actively addressing it. Its basic policy is to enhance corporate governance centered on the Board of Directors and the Board of Corporate Auditors, fulfill its accountability to shareholders, business partners and other stakeholders, and establish and maintain a sound, highly transparent management structure capable of responding promptly and appropriately to changes in the business environment.」
It emphasizes accountability, transparency and the ability to respond to changes in the business environment, centered on the Board of Directors and the Board of Corporate Auditors.