Introduction of Directors and Officers Liability Insurance
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract (D&O insurance) with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The insurance contract covers damages, legal costs, and other losses incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out in the course of their duties as company officers.」
The company continues to maintain coverage under D&O insurance for officers' damages, legal costs, and other expenses, while excluding criminal acts and other such conduct from coverage. - FY2022First statedAnnual report
「The company has entered into a directors and officers liability insurance contract (D&O insurance) with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The insurance contract covers damages, legal costs, and other losses incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out in the course of their duties as company officers.」
The company newly disclosed its arrangement for covering damages, legal costs, and other expenses arising from officers' duties through a directors and officers liability insurance contract. Criminal acts and intentional unlawful acts are excluded from coverage.