Continuation of Directors and Officers Liability Insurance Contract
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The insurance policy generally covers losses that may arise when an insured officer becomes liable in connection with the execution of their duties or receives a claim seeking enforcement of such liability, with the insurance company indemnifying those losses under the policy. The policy is renewed annually.」
The company continues to renew the officers' and directors' liability insurance policy annually. - FY2022RestatedAnnual report
「The insurance policy generally covers losses that may arise when an insured officer becomes liable in connection with the execution of their duties or receives a claim seeking enforcement of such liability, with the insurance company indemnifying those losses under the policy. The policy is renewed annually.」
The company continues to renew annually the officers' and directors' liability insurance policy covering its directors. - FY2021First statedAnnual report
「The company has entered into an officers' and directors' liability insurance policy (management risk protection insurance policy) with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act, with the directors as insured persons. The company bears the entire insurance premium.」
It was disclosed for the first time that the company has entered into an officers' and directors' liability insurance policy covering its directors and renews it annually.