Current structure without outside directors
First written in FY2016. 4 of 8 entries say "Reframed", first in FY2019. Latest entry: FY2026.
Bruno moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
9 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Board of Directors comprises 3 directors (excluding directors serving as Audit & Supervisory Committee members), including 1 outside director, and 3 directors serving as Audit & Supervisory Committee members, including 2 outside directors, for a total of 6 directors.」
The structure changed from 5 directors in the previous period back to 6, including 1 outside director and 2 outside directors serving as Audit & Supervisory Committee members. - FY2025ReframedAnnual report
「The Board of Directors comprises 2 directors (excluding directors serving as Audit & Supervisory Committee members), including 1 outside director, and 3 directors serving as Audit & Supervisory Committee members, including 2 outside directors, for a total of 5 directors.」
While retaining the framework of a company with an Audit & Supervisory Committee, the Board of Directors changed from a total of 6 members to 5, while the number of outside directors remained at 3. - FY2024RestatedAnnual report
「The Board of Directors comprises 3 directors (excluding directors serving as Audit & Supervisory Committee members), including 1 outside director, and 3 directors serving as Audit & Supervisory Committee members, including 3 outside directors, for a total of 6 directors.」
Following the transition to a company with an Audit & Supervisory Committee, it reaffirms the 6-director structure, including 3 outside directors. - FY2023ReframedAnnual report
「The Board of Directors comprises 3 directors (excluding directors serving as Audit & Supervisory Committee members), including 1 outside director, and 3 directors serving as Audit & Supervisory Committee members, including 2 outside directors, for a total of 6 directors.」
The Board of Directors changed from the previous structure, which included 1 outside director, to a 6-director structure including 3 directors serving as Audit & Supervisory Committee members, bringing the total number of outside directors to 3. - FY2022RestatedAnnual report
「The Board of Directors comprises 5 directors (including 1 outside director).」
It reaffirms the Board of Directors structure, including 1 outside director. - FY2019ReframedAnnual report
「The Board of Directors comprises 7 directors (including 1 outside director).」
The Board of Directors changed from the previous policy of having no outside directors to a structure including 1 outside director. - FY2017RestatedAnnual report
「The Company determined that it would not be appropriate to appoint outside directors because inviting outside directors who are not necessarily familiar with the Company's business could impair the function of the Board of Directors as a decision-making body.」
It restates the current structure without outside directors and the reasons for it. - FY2016First statedAnnual report
「The Company determined that it would not be appropriate to appoint outside directors because inviting outside directors who are not necessarily familiar with the Company's business could impair the function of the Board of Directors as a decision-making body.」
It adds that the matter will be considered as appropriate if suitable personnel become available in the future in line with the Company's business strategy.