Governance structure
Company with an Audit and Supervisory CommitteeWhen 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 reasonableness of holding major strategic shareholdings is reviewed annually by the Board of Directors, and holdings are reduced if they are deemed unreasonable. The medium-term management plan sets out a policy of reducing strategic shareholdings, and part of 1 holding was sold during fiscal 2025.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
None adopted (no policy for responding to takeovers adopted)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
Correction of the number of directors who are not Audit and Supervisory Committee members from 5 to 6. Other changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 9 directors in total, including 5 outside directors |
| Number of independent officers | 5 |
| Committee | Nomination and Compensation Governance Committee (3 outside members out of 4, 75%), Audit and Supervisory Committee (2 outside members out of 3, approximately 66.7%) |
| Policy on cross-shareholdings | The reasonableness of holding major strategic shareholdings is reviewed annually by the Board of Directors, and holdings are reduced if they are deemed unreasonable. The medium-term management plan sets out a policy of reducing strategic shareholdings, and part of 1 holding was sold during fiscal 2025. |
| Takeover defenses | None adopted (no policy for responding to takeovers adopted) |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | Correction of the number of directors who are not Audit and Supervisory Committee members from 5 to 6. Other changes from the previous report: Not disclosed |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because part of the information in the report submitted on 25 June 2026 was incorrect.