Strengthening the Compliance and Corporate Governance Frameworks
First written in FY2016. 6 of 9 entries say "Advanced", first in FY2017. Latest entry: FY2026.
42 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Board of Directors activities and individual attendance in fiscal 2025: Number of meetings held: 15 (in principle, once a month)」
Following the change to a company with an Audit and Supervisory Committee, the company provides detailed disclosure on the operation of the Board of Directors, Audit and Supervisory Committee, Management Committee, Nomination Committee, Compensation Committee, and other bodies. 3 of the 5 Audit and Supervisory Committee members are outside directors. - 2026-06-15AdvancedGovernance
「All persons meeting the eligibility requirements for independent officers have been designated as independent officers (*1).」
The independent officers notification form states that 7 outside directors have been designated as independent officers, indicating the independent officer structure accompanying the submission of the director election proposals. - FY2025AdvancedAnnual report
「Following approval at the 114th Annual General Meeting of Shareholders held on 26 June 2025, the company changed from a company with a Board of Company Auditors to a company with an Audit and Supervisory Committee.」
The company changed from a company with a Board of Company Auditors to a company with an Audit and Supervisory Committee, advancing to a framework designed to strengthen oversight and accelerate decision-making through the delegation of authority. 3 of the 5 Audit and Supervisory Committee members are outside directors. - FY2024Resolution to establish an Investment and Financing CommitteeAnnual report
「The Investment and Financing Committee is scheduled to be established on 1 July 2024, following a resolution passed at the company's Board of Directors meeting held on 15 May 2024.」
The Board of Directors resolved to establish an Investment and Financing Committee responsible for making investment decisions on investment and financing projects, verifying their effects after implementation, and establishing exit criteria, and outlined plans to expand the governance framework. - FY2021AdvancedAnnual report
「In view of the importance of the role of outside directors in corporate governance, the company has set the ratio of independent outside directors on the Board of Directors at one-third or more and currently has 4 independent outside directors.」
The number of independent outside directors changed from 3 to 4. In addition, the company established Sustainability and Diversity Committees and expanded its framework for addressing governance and material issues. - FY2020RestatedAnnual report
「The company has appointed 3 independent outside directors.」
The company continues to maintain a structure comprising 3 independent outside directors, Compensation and Nomination Committees chaired by independent outside directors who constitute a majority, and 8 subcommittees under the Compliance Committee. - FY2019AdvancedAnnual report
「The company has appointed 3 independent outside directors.」
In addition to appointing 3 independent outside directors, the company describes a structure in which the independent outside directors chair the Compensation Committee and the Nomination Committee and constitute a majority of each committee, and 8 subcommittees have been established under the Compliance Committee. - FY2017AdvancedAnnual report
「As a result of the evaluation, the company determined that further improvement was needed, stating that it would review matters submitted to the Board of Directors and further enhance deliberations on important matters and other issues. It therefore revised the detailed rules for matters submitted to the Board of Directors in October 2016.」
The company revised its code of conduct, conducted an effectiveness evaluation of the Board of Directors, and revised the detailed rules for matters submitted to the Board based on the evaluation results. It also describes a framework under which 8 subcommittees were established under the Compliance Committee. - FY2016First statedAnnual report
「Regarding measures to strengthen and maintain risk management and compliance, the Compliance Committee deliberates and makes decisions on the centralized management of risk response measures and measures appropriate to the significance of each risk. Regarding the strengthening of the corporate governance framework, the company believes that further enhancement of corporate governance, based on the intent of the Corporate Governance Code, a corporate governance guideline that began applying in June 2015, will enable the Group to achieve sustainable growth and enhance corporate value over the medium to long term. To clarify its basic approach to corporate governance, the company established and published its Corporate Governance Guidelines on 27 October 2015.」
The company describes the centralized management of risk response measures by the Compliance Committee, as well as its responses to the Corporate Governance Code, guidelines, and reports.