Ensuring Independence from the Parent Company and Related Entities
First written in FY2017. 8 of 12 entries say "Advanced", first in FY2019-Q1. Latest entry: 2026-06-30.
15 other companies' latest entry also says "Restated".
- 2026-06-30RestatedGovernance
「Our Board of Directors comprises 4 independent outside directors out of 6 directors, thereby ensuring independence. We have also established a Governance Committee, an advisory body to the Board of Directors comprising 4 of the independent outside directors (Note).」
While indicating that concurrent service as a director of the parent company arose on 23 June 2026, the Company reaffirmed its framework for ensuring independence through a Board comprising 4 independent outside directors, a Governance Committee and prior review of related-party transactions. - FY2026SoftenedAnnual report
「There are no directors of the Company who concurrently serve as directors of the parent company, nor any directors invited from the parent company who concurrently hold positions as officers or employees of the parent company. (As of 23 June 2026, 1 of the 6 directors is scheduled to become a director of the parent company.)」
While stating that there are currently no directors serving concurrently with the parent company, the Company disclosed that 1 of its 6 directors is scheduled to concurrently serve as a director of the parent company as of 23 June 2026. - FY2025AdvancedAnnual report
「The Company's Board of Directors comprises 4 independent outside directors out of 6 directors, thereby ensuring independence. The Company has also established a Governance Committee as an advisory body to the Board, comprising those 4 independent outside directors.」
Of the 6 directors, 4 are independent outside directors. A Governance Committee comprising all 4 independent outside directors conducts prior reviews of related-party transactions with the parent company and other related entities. - FY2024AdvancedAnnual report
「The Company has no directors who concurrently serve as directors of the parent company, and no directors invited from the parent company who concurrently serve as officers or employees of the parent company.」
The Company explicitly stated that it has no directors holding concurrent positions with the parent company, and specified measures to ensure independence through a combination of 3 independent outside directors among its 7 directors and a Governance Committee that deliberates transactions with the parent company and other related parties. - FY2023AdvancedAnnual report
「Of the Company's 6 directors, excluding directors who are Audit and Supervisory Committee members, 1 also serves as a director of the parent company. That director is scheduled to change from holding both positions to no longer holding the parent company position in June 2023, after which no Company director will concurrently serve as a director of the parent company.」
The Company disclosed that the director concurrently serving as a director of the parent company was scheduled to leave that position in June 2023, after which there would be no director holding both positions. Together with the Governance Committee comprising 4 independent outside directors, this put in place specific measures to ensure independence from the parent company. - FY2022AdvancedAnnual report
「For transactions with related parties such as the parent company that are subject to submission to the Board of Directors, the Governance Committee deliberates them before they are submitted to the Board, from the perspectives of fairness, economic rationality and legality.」
The Company specifically disclosed that the Governance Committee, comprising 4 independent outside directors, deliberates transactions with the parent company and other related parties before they are submitted to the Board of Directors. - FY2021AdvancedAnnual report
「The Company has established a Governance Committee as an advisory body to the Board of Directors. The Governance Committee comprises 4 outside directors who are independent officers. It will deliberate important matters concerning the governance of the Group, including monitoring decision-making when transactions are conducted with Group companies such as the parent company, in order to strengthen the Board's supervisory function, further improve corporate governance and protect the Company's minority shareholders.」
As a measure to ensure independence from the parent company, the Company established a Governance Committee comprising 4 independent outside directors and added a framework to monitor transactions with the parent company and other related parties and protect minority shareholders. - FY2019RestatedAnnual report
「By acquiring treasury shares from SBGJ in parallel with SBKK's additional acquisition of the Company's common shares, the Company can strengthen its cooperation with SBKK while keeping the SBG Group's ownership interest in the Company's common shares at a level close to the current level and maintaining its independence as a listed company.」
The Company has reconfirmed its approach to capital restructuring: strengthen cooperation with SBKK while limiting the SBG Group's ownership interest and maintaining the Company's independence as a listed company. - FY2019-Q1AdvancedAnnual report
「By acquiring treasury shares from SBGJ in parallel with SBKK's acquisition of the Company's common shares from ALT, the Company can strengthen its cooperation with SBKK while keeping the SBG Group's ownership interest at a certain level and maintaining its independence as a listed company. The SBG Group means the group of companies for which SBG is the parent company.」
The Company has specified a policy of maintaining its independence as a listed company by strengthening cooperation with SoftBank Group while keeping the Group's ownership interest at a certain level through the acquisition of treasury shares. - FY2017First statedAnnual report
「The Company believes that these measures have ensured sufficient independence from its parent company and other related parties in operating its business.」
The Company has stated its policy of ensuring independence from the parent company and other related parties through directors from the parent company, rules governing transactions with the parent company group, and independent decision-making by executive officers.