Addressing director liability risks through directors and officers liability insurance and indemnification agreements
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company has entered into the directors and officers liability insurance (D&O insurance) agreement prescribed in Article 430-3 of the Companies Act. The company plans to renew the insurance agreement on 1 September 2025 on the same terms.」
The company continues to address director liability risks through directors and officers liability insurance and indemnification agreements, and has disclosed plans to renew the agreement on the same terms on 1 September 2025. - FY2024First statedAnnual report
「The company has entered into indemnification agreements as prescribed in Article 430-2, Paragraph 1 of the Companies Act with Onishi Makoto (大西誠), Sugiyama Ryuki (杉山隆樹), Wakabayashi Masanori (若林正憲), Iwata Takao (岩田貴雄), Fukui Kenta (福井健太), Kanamori Mitsunobu (金森光暢), Domae Kazuhiko (堂前和彦), Kusachi Kuniharu (草地邦晴) and Hashimoto Yoshiko (橋本良子), and will indemnify them for the expenses specified in Item 1 and losses specified in Item 2 of that paragraph, within the scope permitted by law.」
The company has entered into indemnification agreements and D&O insurance agreements with its officers and has for the first time explicitly stated a structure for indemnifying expenses and losses arising from the performance of their duties within the scope permitted by law. Acts carried out with knowledge of a violation of laws or regulations and other such acts are excluded from coverage.