Governance structure
The Company has decided to submit to the General Meeting of Shareholders a proposal to revise the annual monetary compensation cap for Directors from no more than ¥600 million to no more than ¥1,000 million. If the proposal to elect the Director candidates is approved at the General Meeting of Shareholders, there will be 12 Directors.
| Item | Details |
|---|---|
| Number of directors | 12 (of whom the number of outside Directors: Not disclosed; if the proposal to elect the candidates is approved at the General Meeting of Shareholders scheduled for 20 June 2026) |
| Committee | Compensation Advisory Committee (proportion of outside members: Not disclosed) |
| Changes this time | The Company has decided to submit to the General Meeting of Shareholders a proposal to revise the annual monetary compensation cap for Directors from no more than ¥600 million to no more than ¥1,000 million. If the proposal to elect the Director candidates is approved at the General Meeting of Shareholders, there will be 12 Directors. |
Items this document does not state (5)
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 stated that economic and social conditions have changed significantly since the resolution adopted in 2003, and that its earnings level has changed following the COVID-19 pandemic. In view of the 60th anniversary of its founding, the Company also intends to demonstrate management's commitment to giving concrete form to its "life-line business that moves people" and accelerating sustainable growth toward becoming a 100-year company. The matter was considered following deliberations and a recommendation by the Compensation Advisory Committee.