Enhancing governance through management transparency, corporate auditor oversight, and outside officers
First written in FY2016. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Following approval at the Annual General Meeting of Shareholders held on 20 June 2025, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee.」
In the first fiscal year after changing from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, the company disclosed a supervisory and audit structure involving 2 outside directors among the 3 Audit and Supervisory Committee members, a voluntary Nomination and Compensation Committee, and the Internal Audit Office. - 2026-06-02AdvancedGeneral Meetings of Shareholders
「We have selected Aoyama Hidemi (青山 秀美) as a full-time Audit & Supervisory Committee member in order to strengthen the Audit & Supervisory Committee’s auditing and supervisory functions, enable the collection of information from directors other than those who are Audit & Supervisory Committee members, facilitate information sharing at important internal meetings, and ensure sufficient cooperation between the internal audit department and the Audit & Supervisory Committee.」
The company provides specific details on the operation of auditing, supervision and information sharing following the transition to a company with an Audit & Supervisory Committee. - FY2022AdvancedAnnual report
「The company has adopted its current corporate governance structure because it believes that corporate governance functions effectively through the appointment of 3 outside directors and 4 outside corporate auditors, audits by the corporate auditors of directors' execution of duties, and audits by the Internal Audit Office of the propriety of day-to-day operations, including those of subsidiaries.」
The company expanded the number of outside directors from 2 to 3 and describes a supervisory and audit structure including 4 outside corporate auditors. A majority of the members of the Nomination and Compensation Committee, including its chair, are outside directors. - FY2020AdvancedAnnual report
「We will further enhance corporate governance by achieving appropriate and efficient decision-making and execution of duties by management, prompt disclosure to stakeholders, and sound, highly transparent management.」
The disclosure describes a structure including 2 outside directors, a Nomination and Compensation Committee, an Internal Audit Office, and an Internal Control and Corporate Ethics Committee. A delegated executive officer system was introduced in June 2020, allowing the Board of Directors to focus on deciding and overseeing important matters. - FY2016First statedAnnual report
「The company gives the highest priority to achieving fair management in order to further enhance management transparency for shareholders.」
The disclosure covers the corporate auditor system, 1 outside director, 2 outside corporate auditors, an Internal Audit Office, and prompt and fair information disclosure.