Governance structure
Company with a board of corporate auditors (scheduled to transition to a company with an audit and supervisory committee, subject to approval at the extraordinary general meeting of shareholders scheduled for 22 September 2026)This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The chair of the Board of Directors will be changed to an independent outside director, the number of outside directors will be increased by 3 to bring their proportion to more than half, and a director responsible for overseeing the administrative divisions will be appointed. The company is scheduled to transition from a company with a board of corporate auditors to a company with an audit and supervisory committee around September 2026.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with a board of corporate auditors (scheduled to transition to a company with an audit and supervisory committee, subject to approval at the extraordinary general meeting of shareholders scheduled for 22 September 2026) |
| Number of directors | not disclosed (the proportion of outside directors is stated to be more than half) |
| Number of independent officers | 4 (stated as the composition before the change; the number after the change is not disclosed) |
| Committee | Nomination and Compensation Committee (proportion of outside members: not disclosed), Personnel Committee (proportion of outside members: not disclosed), Risk Management Committee (proportion of outside members: not disclosed), Compliance Committee (proportion of outside members: not disclosed) |
| Changes this time | The chair of the Board of Directors will be changed to an independent outside director, the number of outside directors will be increased by 3 to bring their proportion to more than half, and a director responsible for overseeing the administrative divisions will be appointed. The company is scheduled to transition from a company with a board of corporate auditors to a company with an audit and supervisory committee around September 2026. |
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.Based on the causes of the improper accounting identified in the investigation report of the Special Investigation Committee and through the company’s own review, the company will reform its corporate culture and governance, rebuild its management infrastructure and internal controls, and review its business portfolio in order to prevent recurrence and restore trust.