A Governance Structure That Balances Corporate Value Maximization with Stronger Compliance
First written in FY2016. 7 of 10 entries say "Advanced", first in FY2021. Latest entry: 2026-06-29.
- 2026-06-29AdvancedGovernance
「Corporate Governance Structure」
The company disclosed a corporate governance chart showing the relationships among the board of directors, Audit and Supervisory Committee, Nomination and Compensation Advisory Committee, Management Committee, various committees, Internal Audit Department and executive officers, together with a skills matrix showing directors' knowledge and experience. The composition and roles of the existing governance structure were made more visible. - FY2026AdvancedAnnual report
「We have adopted a company structure with an Audit and Supervisory Committee, strengthening the Board of Directors' oversight function, and introduced a delegated executive officer system to accelerate decision-making and clarify responsibilities. In addition, all Audit and Supervisory Committee members are outside directors, ensuring fairness and objectivity, and we seek to improve the effectiveness of the audit function through close coordination with the accounting auditor and internal audit department.」
The company operates with an Audit and Supervisory Committee, a delegated executive officer system and an Audit and Supervisory Committee composed entirely of outside directors. Following the Annual General Meeting of Shareholders in June 2026, updates to the executive structure, including the president, and the composition of the Board of Directors are planned. - FY2024AdvancedAnnual report
「In May 2023, we also revised the executive officer system to clarify further the separation between business execution and oversight. Through stronger oversight by the Board of Directors, this will improve effectiveness, accelerate decision-making on business execution, further strengthen corporate governance and improve management efficiency.」
In addition to the transition to a company with an Audit and Supervisory Committee, the May 2023 revision of the executive officer system further clarified the separation of business execution and oversight, the Board of Directors' oversight function and faster decision-making. - FY2023-Q1RestatedAnnual report
「We transitioned to a company with an Audit and Supervisory Committee following the 38th Annual General Meeting of Shareholders held on 17 June 2022. The Audit and Supervisory Committee, a majority of whose members are outside directors, is responsible for auditing the legality and appropriateness of business execution, thereby enabling more transparent management. Delegating the Board of Directors' authority to decide on business execution to directors will also enable faster management decision-making and execution.」
The transition to a company with an Audit and Supervisory Committee, the committee's composition with a majority of outside directors, and faster decision-making through delegation of authority are described again. - FY2022AdvancedAnnual report
「Based on this approach, and with a view to further strengthening corporate governance, we transitioned to a company with an Audit and Supervisory Committee upon approval at the 38th Annual General Meeting of Shareholders held on 17 June 2022.」
The transition to a company with an Audit and Supervisory Committee was completed, establishing an oversight and audit structure involving the Board of Directors and the Audit and Supervisory Committee. In addition, a Risk Management Committee was established in January 2022, and efforts to rebuild the company-wide risk management structure were initiated. - FY2021AdvancedAnnual report
「To enhance the Board of Directors' oversight function and further strengthen corporate governance, at a meeting held on 22 April 2021 the Board resolved to establish an independent Nominating and Compensation Advisory Committee as an advisory body to the Board. Since then, decisions on directors' compensation and other matters have been made by the Board after thorough deliberation by the committee.」
A 4-member Nominating and Compensation Advisory Committee, including 3 outside directors, was established, adding a process for deliberation and recommendations on compensation decisions. - FY2018RestatedAnnual report
「As a listed company, our basic corporate governance objective is to establish a structure for maximizing corporate value from a long-term perspective. We are enhancing our management control organization to promote management efficiency and strengthen compliance.」
The policy of making the maximization of corporate value, management efficiency and stronger compliance the basic governance objectives is reconfirmed. The structure, including the internal audit system, outside directors and management meetings, is also described. - FY2016First statedAnnual report
「As a listed company, our basic corporate governance objective is to establish a structure for maximizing corporate value from a long-term perspective. We are enhancing our management control organization to promote management efficiency and strengthen compliance.」
The basic governance objectives are to maximize corporate value, improve management efficiency and strengthen compliance.