Governance structure
When 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.
The reduction of shareholdings is progressing as planned, and the sale of non-core assets is under consideration for fiscal 2026 as well. The number of holdings and the amount are Not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
A CxO structure was introduced in April 2025. In June 2026, the number of inside directors was made equal to the number of outside directors, and the company shifted to a structure in which an outside director serves as chair of the Board of Directors.
| Item | Details |
|---|---|
| Number of directors | Inside directors and outside directors are equal in number (total: Not disclosed) |
| Committee | Nomination and Remuneration Committee (percentage of outside committee members: Not disclosed) |
| Policy on cross-shareholdings | The reduction of shareholdings is progressing as planned, and the sale of non-core assets is under consideration for fiscal 2026 as well. The number of holdings and the amount are Not disclosed. |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | A CxO structure was introduced in April 2025. In June 2026, the number of inside directors was made equal to the number of outside directors, and the company shifted to a structure in which an outside director serves as chair of the Board of Directors. |
Items this document does not state (3)
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 respond to declining paper demand and market fluctuations, and to achieve sustainable growth, improved capital efficiency, faster and more accurate decision-making, and group-wide optimization of management.