Governance structure
Company with an Audit and Supervisory CommitteeThe company is continuously reducing non-operating assets, including idle assets, with a focus on cross-held shares. Number of holdings and amount: Not disclosed
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Following approval at the annual general meeting of shareholders held in June 2026, the company transitioned to a company with an audit and supervisory committee. From fiscal 2026, it changed its shareholder return policy, introducing returns with a total payout ratio of 40% as a guideline and progressive dividends.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | ESG Committee (proportion of outside members: Not disclosed). The ESG Committee is a voluntary advisory body independent of the Board of Directors. |
| Policy on cross-shareholdings | The company is continuously reducing non-operating assets, including idle assets, with a focus on cross-held shares. Number of holdings and amount: Not disclosed |
| Changes this time | Following approval at the annual general meeting of shareholders held in June 2026, the company transitioned to a company with an audit and supervisory committee. From fiscal 2026, it changed its shareholder return policy, introducing returns with a total payout ratio of 40% as a guideline and progressive dividends. |
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.Investors expressed views calling for a higher proportion of outside directors, separation of executive functions from oversight and shorter directors’ terms of office. After discussion by the Board of Directors and approval at the annual general meeting of shareholders, the company transitioned to a company with an audit and supervisory committee. The revision of the shareholder return policy is intended to clarify its approach to profit returns in line with Medium-Term Management Plan 2028 and maintain stable dividends.