Governance structure
Company with Three Statutory CommitteesWhen 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.
社外取締役は、その会社の出身ではない取締役です。半数の線を超えると、取締役会の多数を社外の人が占めることになります。The percentage represented by the dotted line was calculated from the publicly disclosed number of people.
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.
As a general rule, the Company does not hold listed shares as cross-shareholdings unless their significance and rationale are recognized. Shares with limited significance or rationale will be sold. In fiscal 2025, the Company sold 1 holding for ¥152 million.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
In fiscal 2025, the activities of the Corporate Governance Committee were suspended. In fiscal 2026, the policy for determining compensation was revised and TSR-linked share-based compensation was introduced. The current director who does not concurrently serve as an executive officer will retire, and a new candidate has been selected.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Statutory Committees |
| Number of directors | Total number 9 / Of which, outside 5 |
| Number of independent officers | 5 |
| Committee | Installation Nominating Committee, Compensation Committee, Audit Committee / Percentage of outside members Nomination Committee 5/6 / Compensation Committee 3/4 / Audit Committee 3/4 |
| Policy on cross-shareholdings | As a general rule, the Company does not hold listed shares as cross-shareholdings unless their significance and rationale are recognized. Shares with limited significance or rationale will be sold. In fiscal 2025, the Company sold 1 holding for ¥152 million. |
| Controlling shareholder | There is no controlling shareholder. There is no parent company. |
| Changes this time | In fiscal 2025, the activities of the Corporate Governance Committee were suspended. In fiscal 2026, the policy for determining compensation was revised and TSR-linked share-based compensation was introduced. The current director who does not concurrently serve as an executive officer will retire, and a new candidate has been selected. |
Items this document does not state (1)
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.To strengthen incentives to achieve the targets of the medium-term management plan and annual budget, and to increase the motivation to enhance corporate value over the long term by increasing shareholder value.