Transition to a Company with an Audit and Supervisory Committee and Separation of Executive Management and Oversight
First written in FY2016. 6 of 9 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Board of Directors consists of 10 members: 7 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
The company reaffirms its company-with-an-Audit-and-Supervisory-Committee structure, a 10-member Board of Directors, 3 Audit and Supervisory Committee members including 2 outside directors, and separation of execution from oversight under the executive officer system. - FY2024ReframedAnnual report
「The Board of Directors consists of 10 members: 7 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
The company-with-an-Audit-and-Supervisory-Committee structure and executive officer system continue, but the Board of Directors has changed from the previously stated 8 members to 10, with 1 outside director added among the directors who are not Audit and Supervisory Committee members. - FY2023ReframedAnnual report
「The Board of Directors consists of 8 members: 5 directors excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
The company-with-an-Audit-and-Supervisory-Committee structure and executive officer system continue, but the Board of Directors has changed from 9 members to 8, and the number of directors responsible for business execution has changed from 6 to 5. The structure of 3 Audit and Supervisory Committee members, including 2 outside directors, has been maintained. - FY2021RestatedAnnual report
「The company has adopted a company-with-an-Audit-and-Supervisory-Committee structure in order to strengthen the oversight function of the Board of Directors, enhance management transparency, and reinforce corporate governance. The Board of Directors consists of 9 members: 6 directors excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members, including 2 outside directors.」
The company reaffirms its company-with-an-Audit-and-Supervisory-Committee structure, a 9-member Board of Directors, 3 Audit and Supervisory Committee members including 2 outside directors, and separation of execution from oversight under the executive officer system. - FY2020RestatedAnnual report
「The company has adopted a company-with-an-Audit-and-Supervisory-Committee structure in order to strengthen the oversight function of the Board of Directors, enhance management transparency, and reinforce corporate governance. The Audit and Supervisory Committee consists of 3 members, 2 of whom are outside directors.」
The company reaffirms its company-with-an-Audit-and-Supervisory-Committee structure, with 3 Audit and Supervisory Committee members, 2 of whom are outside directors, and separation of execution from oversight under the executive officer system. - FY2019RestatedAnnual report
「The company has adopted a company-with-an-Audit-and-Supervisory-Committee structure in order to strengthen the oversight function of the Board of Directors, enhance management transparency, and reinforce corporate governance.」
The company reaffirms its company-with-an-Audit-and-Supervisory-Committee structure, with 3 Audit and Supervisory Committee members, 2 of whom are outside directors, and separation of execution from oversight under the executive officer system. - FY2018RestatedAnnual report
「The Audit and Supervisory Committee consists of 3 members, 2 of whom are outside directors. In addition to attending meetings of the Board of Directors and other important meetings, the full-time Audit and Supervisory Committee member conducts regular inspections of business sites, while the Audit and Supervisory Committee audits management as a whole and works to ensure transparency and objectivity.」
The company reaffirms its structure of an Audit and Supervisory Committee with 3 members, 2 of whom are outside directors, audits by full-time Audit and Supervisory Committee members, and separation of execution from oversight under the executive officer system. - FY2017RestatedAnnual report
「The Audit and Supervisory Committee consists of 3 members, 2 of whom are outside directors. In addition to attending meetings of the Board of Directors and other important meetings, the full-time Audit and Supervisory Committee member conducts regular inspections of business sites, while the Audit and Supervisory Committee audits management as a whole and works to ensure transparency and objectivity.」
The company reaffirms its structure of an Audit and Supervisory Committee with 3 members, 2 of whom are outside directors, audits by full-time Audit and Supervisory Committee members, and faster execution and separation from oversight under the executive officer system. - FY2016First statedAnnual report
「On 26 February 2016, the company changed from a company with a Board of Company Auditors to a company with an Audit and Supervisory Committee. The Audit and Supervisory Committee consists of 3 members, 2 of whom are outside directors.」
The disclosure records the transition on 26 February 2016 to a company with an Audit and Supervisory Committee, with 3 Audit and Supervisory Committee members, 2 of whom are outside directors. It also notes the separation of decision-making and oversight from execution under the executive officer system.