Formalizing independence criteria for outside directors
First written in FY2019. 1 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 2 of 19 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY20266 outside directors, all independent officersAnnual report
「The Company has 6 outside directors, 4 of whom are directors serving as Audit and Supervisory Committee members. The 6 outside directors have a high degree of independence under the criteria described above and pose no risk of conflicts of interest with general shareholders. Accordingly, the Company has notified the Tokyo Stock Exchange that all 6 have been designated as independent officers.」
The number of outside directors has changed from 5 to 6, and all 6 have been notified as independent officers. - 2026-04-20OtherChanges in Directors and Officers
「If elected as proposed, Saito Masayoshi (齋藤正淑) is expected to become an independent officer as defined by the Tokyo Stock Exchange.」
The company discloses that the candidates for new directors, including the candidate for a new director who is an Audit & Supervisory Committee member, are expected to become independent officers if elected. - FY20255 outside directors, all independent officersAnnual report
「The Company has 5 outside directors, 4 of whom are directors serving as Audit and Supervisory Committee members.」
Of the 5 outside directors, 4 serve as Audit and Supervisory Committee members, and all 5 have been notified to the Tokyo Stock Exchange as independent officers. - FY2022AdvancedAnnual report
「The company has 6 outside directors, 5 of whom are directors who are Audit and Supervisory Committee members. Based on the criteria above, all 6 outside directors have a high degree of independence and are unlikely to have conflicts of interest with general shareholders. Accordingly, the company has notified the Tokyo Stock Exchange that all 6 are designated as independent officers.」
The number of outside directors increased from 4 to 6, and all 6 have been notified as independent officers. - FY2020RestatedAnnual report
「The company has established the following independence criteria for its outside directors. An outside director, including a candidate for outside director, will be deemed not to have sufficient independence from the company if the individual falls under any of the following items.」
The company continues to formalize its independence criteria for outside directors and has notified all 4 as independent officers. - FY2019First statedAnnual report
「The company has established the following independence criteria for its outside directors. An outside director, including a candidate for outside director, will be deemed not to have sufficient independence from the company if the individual falls under any of the following items.」
The company has formalized independence criteria for outside directors comprising 13 items, including major business relationships, professional fees, voting rights ownership and family relationships.