Response to the Corporate Governance Code and Strengthening Governance
First written in FY2017. 12 of 15 entries say "Advanced", first in FY2018. Latest entry: 2026-10-14.
The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- 2026-10-14AdvancedM&A and Subsidiary Changes
「The joint holding company is expected to be a company with an audit and supervisory committee. It will also establish an optional nomination and compensation committee, with a majority of its members consisting of independent outside directors and an independent outside director serving as chair.」
Governance enhancements were given concrete form through plans to establish an audit and supervisory committee, independent outside directors, and a nomination and compensation committee at the joint holding company. - FY2027-H1AdvancedAnnual report
「5 men 3 women (women’s percentage of officers: 37.5%)」
Changes in officers, including the appointment of new outside directors and outside audit & supervisory board members, were disclosed. Following the changes, the officer composition was 5 men and 3 women, with women accounting for 37.5%. - 2026-08-19AdvancedGovernance
「After receiving reports on IR activities, we aim to establish a system in which outside directors encourage management to make corrections or provide additional explanations.」
The company presented a policy of establishing a feedback system in which dialogue with investors is reported to the Board of Directors and outside directors encourage corrections or additional explanations. - FY2026AdvancedAnnual report
「The previous effectiveness evaluation identified the timing of Board materials and the need for prior discussions on important agenda items as shared issues. Since then, the secretariat has strengthened Board operations by preparing an annual schedule of Board agenda items, reviewing the criteria for matters submitted to the Board, distributing Board materials earlier in advance, and regularly holding briefing sessions before meetings to enhance discussions.」
Based on the Board effectiveness evaluation, the Company implemented an annual agenda schedule, revised the criteria for matters submitted to the Board, distributed materials earlier, and made advance briefing sessions routine. Management that takes capital costs and the share price into account, as well as monitoring of internal controls and risk management, remained outstanding issues. - FY2025AdvancedAnnual report
「From February to March 2025, we conducted a survey of all directors and audit & supervisory board members serving on the Board of Directors. Anonymity was ensured by having respondents submit their responses directly to an external organization. Based on a report of the results compiled by the external organization, the regular Board meeting held in May 2025 conducted analysis, discussion and evaluation.」
The evaluation of Board effectiveness continued, with an anonymous survey conducted by an external organization followed by analysis, discussion and evaluation by the Board of Directors. Prior review of Board agenda items and the Board's monitoring function were identified as future issues. - FY2024AdvancedAnnual report
「From February to March 2024, we conducted a survey of all directors and audit & supervisory board members serving on the Board of Directors. Anonymity was ensured by having respondents submit their responses directly to an external organization. Based on a report of the results compiled by the external organization, the regular Board meeting held in May 2024 conducted analysis, discussion and evaluation.」
The evaluation of Board effectiveness continued, with an anonymous survey conducted by an external organization followed by analysis, discussion and evaluation by the Board of Directors. The disclosure also described improvements to training related to the previous issues and opportunities to report to the nomination and compensation advisory committee. - FY2023AdvancedAnnual report
「From February to March 2023, we conducted a survey of all directors and audit & supervisory board members serving on the Board of Directors. Anonymity was ensured by having respondents submit their responses directly to an external organization. Based on a report of the results compiled by the external organization, the regular Board meeting held in May 2023 conducted analysis, discussion and evaluation.」
For the evaluation of Board effectiveness, an anonymous survey was conducted through an external organization covering all directors and audit & supervisory board members, followed by analysis, discussion and evaluation at a regular Board meeting. The timing of Board materials, director training and succession planning were identified as outstanding issues. - FY2022ReframedAnnual report
「While ensuring thorough compliance with rules, including laws and regulations, and reaffirming our corporate stance of not tolerating any misconduct, we will strengthen our internal control environment. We will thereby enhance the trust of consumers and shareholders and develop an environment in which employees can engage in business activities with greater peace of mind and freedom.」
The corporate governance disclosure was expanded beyond the structure of the Board of Directors and other bodies to cover compliance with laws and regulations, misconduct prevention, the internal control environment, and the development of an environment in which employees can work with confidence. - FY2020AdvancedAnnual report
「As of 22 May 2020, our Board of Directors consists of 8 directors, including 3 outside directors with objective management oversight functions. In principle, regular meetings are held once a month, with extraordinary meetings held as necessary. We have also established a nomination and compensation advisory committee as an advisory body to the Board of Directors, and a management committee and a business strategy committee as advisory bodies to the president.」
The governance structure was disclosed in greater detail and expanded to include 8 directors, including 3 outside directors, and the establishment of a nomination and compensation advisory committee. - FY2019AdvancedAnnual report
「Our Board consists of 7 directors, including 3 outside directors with objective management oversight functions, as of 24 May 2019. We have also established a management committee and a business strategy committee as advisory bodies to the president.」
The governance structure was updated in detail from the previous disclosure of 6 directors, including 2 outside directors, to 7 directors, including 3 outside directors. A 3-person internal audit office structure was also disclosed. - FY2019-Q3RestatedAnnual report
「Following the establishment of unified and shared Group management, the Company will provide functions centered on promoting growth-strategy investments and overseeing and managing the Group as a whole. As a result, its role as a company-wide function became clearer than its position as a reporting segment.」
Reconfirmed the positioning of the holding company as a company-wide function responsible for growth-strategy investments and overall Group oversight and management, based on unified and shared Group management. - FY2018AdvancedAnnual report
「Our Board consists of 6 directors, including 2 outside directors with objective management oversight functions. We have also established a management committee and a business strategy committee as advisory bodies to the president.」
The former policy on compliance with the Corporate Governance Code was disclosed as a specific structure comprising outside directors, the management committee, the business strategy committee, the internal audit office and the audit & supervisory board, among others. - FY2017First statedAnnual report
「Together with these key initiatives, we will steadily strengthen and enhance corporate governance within the Group, including compliance with the Corporate Governance Code as part of the Group's organizational structure.」
For the first time, compliance with the Corporate Governance Code and stronger governance were identified as initiatives alongside the key measures.