Governance structure
Company with an Audit and Supervisory Committee (planned transition subject to approval at the Annual General Meeting of Shareholders scheduled for 28 May 2026; currently a company with a Board of Corporate Auditors)The Company plans to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. Provisions concerning the Board of Corporate Auditors and corporate auditors will be deleted, and provisions concerning the Audit and Supervisory Committee and directors who are Audit and Supervisory Committee members will be newly established. The officer candidates will be revised, with a structure planned in which outside directors account for at least half of the board.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (planned transition subject to approval at the Annual General Meeting of Shareholders scheduled for 28 May 2026; currently a company with a Board of Corporate Auditors) |
| Number of directors | Up to 7 directors excluding directors who are Audit and Supervisory Committee members, and up to 3 directors who are Audit and Supervisory Committee members. Based on the proposed candidates, the total will be 7, including 5 outside directors (excluding alternate candidates). |
| Committee | Audit and Supervisory Committee. 2 of the 3 committee members are outside directors (based on the proposed candidates, approximately 66.7%). |
| Changes this time | The Company plans to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. Provisions concerning the Board of Corporate Auditors and corporate auditors will be deleted, and provisions concerning the Audit and Supervisory Committee and directors who are Audit and Supervisory Committee members will be newly established. The officer candidates will be revised, with a structure planned in which outside directors account for at least half of the board. |
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 Board of Directors’ supervisory function by making Audit and Supervisory Committee members members of the Board of Directors, thereby strengthening the oversight framework and enhancing corporate governance.