Introduction of Directors and Officers Liability Insurance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「We have entered into a directors' and officers' liability insurance contract with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. If an insured person faces a claim for damages from a shareholder or other third party, the contract covers damages such as compensation payments and litigation costs that the insured person would be required to bear.」
The company continues to cover certain compensation payments, litigation costs and other expenses under the directors' and officers' liability insurance contract. - FY2023RestatedAnnual report
「We have entered into a directors' and officers' liability insurance contract with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. If an insured person faces a claim for damages from a shareholder or other third party, the contract covers damages such as compensation payments and litigation costs that the insured person would be required to bear.」
The company continues to disclose the directors' and officers' liability insurance contract and the arrangement for covering damages such as compensation payments and litigation costs. - FY2022First statedAnnual report
「We have entered into a directors' and officers' liability insurance contract with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. If an insured person faces a claim for damages from a shareholder or other third party, the contract covers damages such as compensation payments and litigation costs that the insured person would be required to bear.」
The company disclosed a directors' and officers' liability insurance arrangement covering directors of the company and its subsidiaries as insured persons and providing coverage for damages such as compensation payments and litigation costs.