Governance structure
Company with an Audit and Supervisory CommitteeWhen one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
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 company holds cross-shareholdings only when it determines that they will contribute to enhancing corporate value over the medium to long term, and reviews the appropriateness of each holding annually at a Board of Directors meeting. The company seeks to reduce holdings, including by selling shares that it determines are not justified. The number and value of holdings are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not implemented (not a renewal or abolition)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
No specific changes from the previous report are stated
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 6 directors in total, including 3 outside directors |
| Number of independent officers | 3 |
| Committee | Nominating Committee (3 outside members out of 5, 60%), Compensation Committee (3 outside members out of 5, 60%), Audit & Supervisory Committee (3 outside directors out of 3, 100%), Risk and Compliance Committee (proportion of outside members: Not disclosed) |
| Policy on cross-shareholdings | The company holds cross-shareholdings only when it determines that they will contribute to enhancing corporate value over the medium to long term, and reviews the appropriateness of each holding annually at a Board of Directors meeting. The company seeks to reduce holdings, including by selling shares that it determines are not justified. The number and value of holdings are not disclosed. |
| Takeover defenses | Not implemented (not a renewal or abolition) |
| Controlling shareholder | There is no applicable controlling shareholder or parent company. |
| Changes this time | No specific changes from the previous report are stated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To disclose the status of corporate governance in accordance with the Corporate Governance Code revised on 11 June 2021.