Transition to a Governance Structure Emphasizing Audit and Oversight Functions
First written in FY2016. 4 of 9 entries say "Restated". Latest entry: FY2026.
- FY2026Change to a 10-member Board of DirectorsAnnual report
「The Board of Directors comprises 10 members: 7 directors excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. All 3 directors who are Audit and Supervisory Committee members are outside directors.」
The company maintains the structure of 3 outside directors who are Audit and Supervisory Committee members, while the Board of Directors has changed from the previous 8-member structure to 10 members. The Board of Directors met 9 times during the year, and the filing explicitly states that the Internal Audit Office made a year-end report to the Board of Directors. - 2026-05-22AdvancedChanges in Officers
「At a meeting of the Board of Directors held today, we decided on the candidates for 2 new directors as described below and resolved to submit the proposal to the Company's 43rd Annual General Meeting of Shareholders scheduled for 26 June 2026. We hereby notify you accordingly.」
The Board of Directors decided to nominate 2 new directors and plans to submit the proposal to the Annual General Meeting of Shareholders. The disclosure concerns a specific planned change to the governance structure, including outside directors serving as Audit and Supervisory Committee members, but the nominees are not treated as having taken office because shareholder approval is still pending. - FY2023An 8-member Board of Directors and a structure for direct reporting by internal auditAnnual report
「The Board of Directors comprises 8 members: 5 directors excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. All 3 directors who are Audit and Supervisory Committee members are outside directors.」
The company continues to have 3 outside directors who are Audit and Supervisory Committee members, while the Board of Directors has changed from the previously stated 9-member structure to 8 members. The filing also states that a structure has been established under which the Internal Audit Office reports directly to the Board of Directors. - FY2023-Q2RestatedAnnual report
「The company's quarterly consolidated financial statements are subject to quarterly review by Kanade Audit Corporation.」
The company continues to receive quarterly reviews from Kanade Audit Corporation, which changed in the previous fiscal year. - FY2022AdvancedAnnual report
「The Board of Directors comprises 9 members: 6 directors excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. All 3 directors who are Audit and Supervisory Committee members are outside directors.」
The filing describes the current structure, in which all 3 outside directors who are Audit and Supervisory Committee members perform audit and oversight functions. The full-time Audit and Supervisory Committee member also changed in June 2022. - FY2020RestatedAnnual report
「To strengthen the Board of Directors' oversight functions and further strengthen its corporate governance structure, the company amended part of its Articles of Incorporation at the 33rd annual general meeting of shareholders held on 29 June 2016 and, as of the same date, changed from a company with an Audit and Supervisory Board to a company with an Audit and Supervisory Committee.」
The company continues its transition to a company with an Audit and Supervisory Committee and its structure focused on the Board of Directors' oversight functions. - FY2019RestatedAnnual report
「To strengthen the Board of Directors' oversight functions and further strengthen its corporate governance structure, the company amended part of its Articles of Incorporation at the 33rd annual general meeting of shareholders held on 29 June 2016 and, as of the same date, changed from a company with an Audit and Supervisory Board to a company with an Audit and Supervisory Committee.」
The company continues its transition to a company with an Audit and Supervisory Committee and the strengthening of the Board of Directors' oversight functions. - FY2018RestatedAnnual report
「To strengthen the Board of Directors' oversight functions and further strengthen its corporate governance structure, the company amended part of its Articles of Incorporation at the 33rd annual general meeting of shareholders held on 29 June 2016 and, as of the same date, changed from a company with an Audit and Supervisory Board to a company with an Audit and Supervisory Committee.」
The company continues its transition to a company with an Audit and Supervisory Committee and its governance structure focused on oversight functions. - FY2016First statedAnnual report
「At the 33rd annual general meeting of shareholders held on 29 June 2016, the company amended part of its Articles of Incorporation and, as of the same date, changed from a company with an Audit and Supervisory Board to a company with an Audit and Supervisory Committee.」
The company changed to a company with an Audit and Supervisory Committee to strengthen its oversight functions. The structure comprises 10 directors, including 3 Audit and Supervisory Committee members, 2 of whom are outside directors.