Governance structure
Company with an Audit & Supervisory BoardWhen 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.
Cross-shareholdings are held on a limited and strategic basis, and holdings with insufficient significance or that do not align with capital policy are reduced. The company sold 3 holdings (1 listed shareholding and 2 unlisted shareholdings) and completed the sale of all shares by June 2026.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not adopted. There are no plans to adopt one at present.
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The disclosure was updated to reflect the latest results and status of initiatives, including the track record of reducing cross-shareholdings, renewable energy, compliance, sustainability and IR.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 6 directors, including 3 outside directors |
| Number of independent officers | 6 (3 independent outside directors and 3 independent outside Audit & Supervisory Board members) |
| Committee | Nomination Committee (external members constitute a majority; the chair is an outside director), Compensation Committee (external members constitute a majority; the chair is an outside director), Sustainability Committee, Risk and Compliance Committee, and Diversity Promotion Committee |
| Policy on cross-shareholdings | Cross-shareholdings are held on a limited and strategic basis, and holdings with insufficient significance or that do not align with capital policy are reduced. The company sold 3 holdings (1 listed shareholding and 2 unlisted shareholdings) and completed the sale of all shares by June 2026. |
| Takeover defenses | Not adopted. There are no plans to adopt one at present. |
| Controlling shareholder | There is no controlling shareholder. |
| Changes this time | The disclosure was updated to reflect the latest results and status of initiatives, including the track record of reducing cross-shareholdings, renewable energy, compliance, sustainability and IR. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To reflect the latest results and status of initiatives, including the reduction of cross-shareholdings during the fiscal year ending June 2026, the promotion of solar carports and locally generated and consumed PPAs as measures addressing environmental issues, and other initiatives.