Enhancing corporate governance
First written in FY2016. 5 of 9 entries say "Advanced", first in FY2017. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Company has established a Nomination and Compensation Committee to enhance the transparency and objectivity of the deliberation process concerning the appointment of directors and the director compensation system. As of the filing date, the Nomination and Compensation Committee consists of 8 members: 3 outside directors, Ozaki Hiroyuki (尾崎弘之), the chair, Shibata Misuzu (柴田美鈴), and Kori Miyuki (高力美由紀); 2 outside corporate auditors, Morita Masaya (森田雅也) and Mishima Kota (三島宏太); 2 internal directors, Osaki Yoshiyasu (大﨑善保) and Nakayama Konno (仲山紺之); and 1 internal executive officer. Outside officers constitute a majority.」
The Company specifically describes the composition of its 8-member Nomination and Compensation Committee, in which outside officers constitute a majority. - 2026-06-05AdvancedGeneral Meetings of Shareholders
「We will amend Article 21 of Chapter 4, “Directors and the Board of Directors,” of the current Articles of Incorporation to shorten directors’ terms of office from 2 years to 1 year. The purpose is to clarify directors’ management responsibilities, establish a management structure capable of responding swiftly to changes in the business environment, and increase opportunities for shareholders to express their confidence in the directors.」
The company proposed an amendment to the Articles of Incorporation to shorten directors’ terms from 2 years to 1 year as part of its corporate governance practices. The proposal remains subject to approval at the general meeting of shareholders. - FY2022AdvancedAnnual report
「In the Corporate Governance Report submitted in December 2021, the Company stated that it was compliant with all but 1 of the 83 required principles, namely Supplementary Principle 1-2④, concerning the use of an electronic voting platform and English translations of notices of convocation. It will satisfy the final principle at this year's General Meeting of Shareholders.」
The number of unimplemented items under the Corporate Governance Code decreased from 3 to 1, with the final item scheduled to be satisfied at the General Meeting of Shareholders. Compliance and governance infrastructure also advanced, including the establishment of a Nomination and Compensation Committee. - FY2021RestatedAnnual report
「The Company explains why it has not implemented 3 of the 78 required principles and recognizes compliance with these matters as an ongoing issue. It will also review the content of each principle with which it is already compliant.」
The Company explains 3 of the 78 items as not implemented and continues to regard compliance with the remaining items and a review of existing measures as ongoing issues. - FY2020RestatedAnnual report
「In its Corporate Governance Report, the Company explains why it has not implemented 3 of the 78 required principles and recognizes compliance with these matters as an ongoing issue.」
The Company explains 3 of the 78 items as not implemented and continues to regard compliance with the remaining items as an ongoing issue. - FY2019RestatedAnnual report
「The Company explains why it has not implemented 3 of the 78 required principles and recognizes compliance with these matters as an ongoing issue.」
The Company identifies 3 unimplemented items under the Corporate Governance Code and continues to regard compliance as an ongoing issue. - FY2018AdvancedAnnual report
「The Company explains why it has not implemented 3 of the 73 required principles, a decrease of 2 from the previous fiscal year, and recognizes compliance with these matters as an ongoing issue.」
The number of unimplemented items under the Corporate Governance Code decreased by 2, from 5 in the previous fiscal year to 3. - FY2017AdvancedAnnual report
「The Company explains why it has not implemented 5 of the 73 required principles, a decrease of 1 from the previous fiscal year, and recognizes compliance with these matters as an ongoing issue.」
The number of unimplemented items under the Corporate Governance Code decreased by 1, from 6 in the previous fiscal year to 5. - FY2016First statedAnnual report
「Since the Corporate Governance Code took effect in June 2015, the Group has respected the spirit of the Code and implemented various measures to apply each principle.」
The Company explains 6 of the 73 items as not implemented and identifies compliance as an ongoing issue. It describes the supervisory and audit framework involving outside directors and outside corporate auditors, the Board of Directors, the Board of Corporate Auditors, and the Internal Audit Office.