Governance structure
Company with a Nominating Committee, etc.excluding the parent company). No parent company.
When 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 currently holds no shares for policy purposes.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
None (not adopted)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
No changes from the previous report are stated.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with a Nominating Committee, etc. |
| Number of directors | 5, including 3 outside directors |
| Number of independent officers | 3 |
| Committee | Audit Committee (3 outside members/3 members in total, 100%), Compensation Committee (3 outside members/3 members in total, 100%), Nomination and Corporate Governance Committee (3 outside members/3 members in total, 100%) |
| Policy on cross-shareholdings | The company currently holds no shares for policy purposes. |
| Takeover defenses | None (not adopted) |
| Controlling shareholder | No controlling shareholder (excluding the parent company). No parent company. |
| Changes this time | No changes from the previous report are stated. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As a company listed on both the Japanese and US markets, to enhance the soundness and transparency of management and serve the interests of stakeholders. In addition, given the company's size and business profile, to balance the supervisory and advisory functions of outside directors and the various committees with more efficient execution of operations through the executive officer system.