Governance structure
Company with an Audit and Supervisory CommitteeThe Company conducts a detailed review of each individual holding and seeks to reduce its strategic shareholdings. Its initial target of a 50% reduction by the end of fiscal 2027, based on market value at the end of fiscal 2023, was achieved ahead of schedule with an 81% reduction at the end of the previous fiscal year.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
In the fiscal 2025 effectiveness evaluation, the Company identified management that is conscious of the cost of capital and share price, and the incorporation of sustainability issues into its management strategy, as new issues requiring attention. It is proceeding with measures including transferring the risk management promotion function to the corporate planning division, establishing a permanent Crisis Management Office, and managing business divisions using ROIC. It also reported progress on the reduction of strategic shareholdings and group-wide internal controls, which were issues identified in the previous fiscal year.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Sustainability Management Committee (percentage of outside committee members: not disclosed) |
| Policy on cross-shareholdings | The Company conducts a detailed review of each individual holding and seeks to reduce its strategic shareholdings. Its initial target of a 50% reduction by the end of fiscal 2027, based on market value at the end of fiscal 2023, was achieved ahead of schedule with an 81% reduction at the end of the previous fiscal year. |
| Changes this time | In the fiscal 2025 effectiveness evaluation, the Company identified management that is conscious of the cost of capital and share price, and the incorporation of sustainability issues into its management strategy, as new issues requiring attention. It is proceeding with measures including transferring the risk management promotion function to the corporate planning division, establishing a permanent Crisis Management Office, and managing business divisions using ROIC. It also reported progress on the reduction of strategic shareholdings and group-wide internal controls, which were issues identified in the previous fiscal year. |
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.The Company evaluated the effectiveness of the Board of Directors based on the results of a survey conducted by an external organization and advice from external experts. Measures to address the identified issues include raising awareness of the cost of capital, investor relations for individual investors, ROIC management, transferring the risk management function, and strengthening the crisis management framework.