Transition to a Company with an Audit and Supervisory Committee and Strengthening Oversight
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2025.
- FY2025Plan to have 7 outside directorsAnnual report
「The Company has proposed, as agenda items for approval at the Annual General Meeting of Shareholders scheduled for 23 March 2026, the election of 10 directors excluding directors who are Audit and Supervisory Committee Members and the election of 1 director who is an Audit and Supervisory Committee Member. If these proposals are approved, the Company is expected to have 13 directors, including 7 outside directors.」
While continuing its oversight structure comprising a company with an Audit and Supervisory Committee and outside directors, the Company indicates that it expects to have 7 outside directors after the March 2026 shareholders’ meeting. - 2026-03-01MaterialisedGeneral Meetings of Shareholders
「Cyberattacks are becoming increasingly sophisticated and difficult to detect each year, making them a critical issue for companies because they can affect business continuity and customer trust. Despite having strengthened our cybersecurity measures, we suffered a cyberattack in December 2025, leading us to position cybersecurity as an even more important management priority.」
Unlike the previous disclosure, which described the risk of cyberattacks, this disclosure states that the company actually suffered a cyberattack in December 2025, indicating that the risk materialized. - FY2018RestatedAnnual report
「The Audit and Supervisory Committee comprises 3 directors who are Audit and Supervisory Committee Members, all 3 of whom are outside directors, and audits the performance of duties by directors and others.」
The Company continues the structure of a company with an Audit and Supervisory Committee and oversight by an Audit and Supervisory Committee comprising 3 outside directors. - FY2017RestatedAnnual report
「To further strengthen the board's oversight of management and corporate governance and enhance the soundness and efficiency of management, the company transitioned to a company with an audit and supervisory committee on 19 September 2015. The audit and supervisory committee comprises 3 directors who are audit and supervisory committee members, all 3 of whom are outside directors, and audits the execution of duties by directors and others.」
The Company continues the transition to a company with an Audit and Supervisory Committee and the oversight function of an Audit and Supervisory Committee comprising 3 outside directors. - FY2016First statedAnnual report
「Since 19 September 2015, we have operated as a company with an Audit and Supervisory Committee in order to further strengthen the Board of Directors’ oversight of management and corporate governance and to improve the soundness and efficiency of management.」
The Company describes the transition to a company with an Audit and Supervisory Committee, the appointment of outside directors and cooperation with internal audit as mechanisms for strengthening governance.