Governance structure
Company with an Audit and Supervisory Committee (subject to approval at the annual general meeting of shareholders scheduled for 24 June 2026)Provisions concerning Audit & Supervisory Board Members and the Audit & Supervisory Board will be deleted, and provisions concerning the Audit and Supervisory Committee and Audit and Supervisory Committee Members will be newly established. The management philosophy will be stated in the Articles of Incorporation. The maximum total number of directors will be changed from no more than 10 to no more than 14, comprising no more than 10 directors who are not Audit and Supervisory Committee Members and no more than 4 directors who are Audit and Supervisory Committee Members. Provisions concerning the delegation of important business execution to directors by the Board of Directors will also be newly established.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (subject to approval at the annual general meeting of shareholders scheduled for 24 June 2026) |
| Number of directors | No more than 14 directors in total (the number of outside directors is Not disclosed). This comprises no more than 10 directors who are not Audit and Supervisory Committee Members and no more than 4 directors who are Audit and Supervisory Committee Members. |
| Committee | Audit and Supervisory Committee (the proportion of outside members is Not disclosed). The Nominating Committee and Compensation Committee are Not disclosed. |
| Changes this time | Provisions concerning Audit & Supervisory Board Members and the Audit & Supervisory Board will be deleted, and provisions concerning the Audit and Supervisory Committee and Audit and Supervisory Committee Members will be newly established. The management philosophy will be stated in the Articles of Incorporation. The maximum total number of directors will be changed from no more than 10 to no more than 14, comprising no more than 10 directors who are not Audit and Supervisory Committee Members and no more than 4 directors who are Audit and Supervisory Committee Members. Provisions concerning the delegation of important business execution to directors by the Board of Directors will also be newly established. |
Items this document does not state (4)
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.Stating the management philosophy in the Articles of Incorporation is intended to clarify that the Company's basic principles will not change going forward and to present them clearly to stakeholders. The transition to a company with an Audit and Supervisory Committee is intended to further enhance management transparency and accelerate decision-making.