Governance structure
The Company currently has a Board of Corporate Auditors. Subject to approval at the 23rd Annual General Meeting of Shareholders scheduled for 23 June 2026, it plans to transition to a company with an Audit and Supervisory Committee.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 plans to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. 3 directors serving as Audit and Supervisory Committee members will be nominated as new candidates, while 1 director and 3 corporate auditors are scheduled to retire.
| Item | Details |
|---|---|
| Corporate Governance Structure | The Company currently has a Board of Corporate Auditors. Subject to approval at the 23rd Annual General Meeting of Shareholders scheduled for 23 June 2026, it plans to transition to a company with an Audit and Supervisory Committee. |
| Number of directors | 7 director candidates after the transition, including 5 outside directors |
| Number of independent officers | 3 independent officers: Matsufuji Senya (松藤千弥), Fujiwara Toshinobu (藤原俊伸), and Nishihata Toshiaki (西畑利明). Yamamoto Mamoru (山本守) and Kaiami Makoto (貝阿彌誠) are scheduled to be reported as independent officers after their appointment. |
| Committee | Nomination and Compensation Committee. The proportion of outside members is not disclosed |
| Changes this time | The Company plans to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. 3 directors serving as Audit and Supervisory Committee members will be nominated as new candidates, while 1 director and 3 corporate auditors are scheduled to retire. |
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.The Company has determined the director candidates to be proposed to the General Meeting of Shareholders as part of the officer appointments accompanying the transition to a company with an Audit and Supervisory Committee. This document does not explain the reason for the transition itself.