Introduction and renewal of directors’ and officers’ liability insurance
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026.
119 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In summary, the insurance contract covers losses that may arise when the insured directors incur liability in the course of performing their duties or receive claims seeking to impose such liability, with the insurer providing indemnification under the contract. The contract is renewed annually.」
The company continues to maintain the directors and officers liability insurance contract, annual renewals, the exclusion of claims for damages brought by the company against directors, and the coverage limit. - FY2023Specified Coverage Scope and ExclusionsAnnual report
「In summary, the insurance contract covers losses that may arise when the insured directors incur liability in the course of performing their duties or receive claims seeking to impose such liability, with the insurer providing indemnification under the contract. The contract is renewed annually. If the company seeks damages from an insured director, that claim is excluded from coverage. The company has also set a coverage limit to help ensure that the proper performance of the director's duties is not impaired.」
The company provided specific disclosure that its directors and officers liability insurance contract remains in force, claims for damages brought by the company against directors are excluded from coverage, and a coverage limit has been established. - FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company, under which the company's directors, including those who served during the current fiscal year, are insured persons as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The company bears the entire insurance premium. ... The contract is renewed annually.」
The company continues to disclose its directors and officers liability insurance contract and annual renewals. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company, under which the company's directors, including those who served during the current fiscal year, are insured persons as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The company bears the entire insurance premium. The contract is renewed annually, and the company plans to renew it on the same terms at the next renewal.」
The company disclosed a directors and officers liability insurance contract covering its directors, annual renewals and plans to renew it on the same terms at the next renewal.