Governance structure
Company with an Audit and Supervisory Committee (subject to approval at the Annual General Meeting of Shareholders scheduled for 19 June 2026)The Company will change from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, establish new provisions concerning the Audit and Supervisory Committee and its members, and delete provisions concerning the Board of Corporate Auditors and Corporate Auditors. The upper limit on the number of directors will change from 8 to 11, and new provisions will be established allowing the delegation of decisions on important business execution matters to directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (subject to approval at the Annual General Meeting of Shareholders scheduled for 19 June 2026) |
| Number of directors | The current upper limit of 8 will change to no more than 8 directors excluding directors who are Audit and Supervisory Committee Members, and no more than 3 directors who are Audit and Supervisory Committee Members. Total upper limit: 11 directors |
| Committee | Audit and Supervisory Committee. The proportion of outside committee members is not disclosed. |
| Changes this time | The Company will change from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, establish new provisions concerning the Audit and Supervisory Committee and its members, and delete provisions concerning the Board of Corporate Auditors and Corporate Auditors. The upper limit on the number of directors will change from 8 to 11, and new provisions will be established allowing the delegation of decisions on important business execution matters to directors. |
Items this document does not state (4)
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 strengthen the supervisory function of the Board of Directors and enhance corporate governance, while increasing the speed and flexibility of decision-making in business execution, with the aim of enhancing corporate value. In addition, the change will enable an increase in the number of directors in preparation for promoting future business development, strengthening the management base, and reinforcing the corporate governance structure.