Governance structure
Company with an Audit & Supervisory BoardWhen one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The Company may hold strategic shareholdings for purposes including the strategic development of its businesses, creating business opportunities, and establishing, maintaining and strengthening business relationships. The Company plans to reduce such holdings by approximately ¥20 billion by the end of the fiscal year ending March 2029, based on market value at the end of March 2026, and to bring the ratio to consolidated net assets below 15%. During the period covered by the medium-term management plan, the Company disposed of or reduced 19 holdings by approximately ¥25.1 billion. At the end of the fiscal year ended March 2026, it held 41 holdings valued at ¥41,067 million, representing 19.3% of consolidated net assets.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The target for reducing strategic shareholdings was updated. The disclosure of the Board of Directors’ effectiveness evaluation now covers progress in addressing issues identified in prior years, as well as new issues and the measures to address them. The report also describes revisions to the rules of the Advisory Committees on the Nomination and Compensation of Officers and to the criteria for determining independence.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 8 directors (including 5 outside directors) |
| Number of independent officers | 8 independent officers (5 independent outside directors and 3 outside Audit & Supervisory Board Members) |
| Committee | Advisory Committee on the Nomination of Officers (5 of 7 members are outside directors, approximately 71.4%), Advisory Committee on the Compensation of Officers (5 of 7 members are outside directors, approximately 71.4%), Council of Independent Outside Officers, Group Strategy Committee, Corporate Ethics and Risk Management Committee, Sustainability Committee, etc. |
| Policy on cross-shareholdings | The Company may hold strategic shareholdings for purposes including the strategic development of its businesses, creating business opportunities, and establishing, maintaining and strengthening business relationships. The Company plans to reduce such holdings by approximately ¥20 billion by the end of the fiscal year ending March 2029, based on market value at the end of March 2026, and to bring the ratio to consolidated net assets below 15%. During the period covered by the medium-term management plan, the Company disposed of or reduced 19 holdings by approximately ¥25.1 billion. At the end of the fiscal year ended March 2026, it held 41 holdings valued at ¥41,067 million, representing 19.3% of consolidated net assets. |
| Controlling shareholder | No controlling shareholder or parent company is stated. 株式会社ワコール is stated as a specified wholly owned subsidiary, but is not stated to be the Company’s parent company. |
| Changes this time | The target for reducing strategic shareholdings was updated. The disclosure of the Board of Directors’ effectiveness evaluation now covers progress in addressing issues identified in prior years, as well as new issues and the measures to address them. The report also describes revisions to the rules of the Advisory Committees on the Nomination and Compensation of Officers and to the criteria for determining independence. |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve asset efficiency, review the business portfolio, appropriately reallocate management resources and enhance corporate value.