Governance structure
Subject to approval of the necessary amendments to the articles of incorporation at the 78th Annual General Meeting of Shareholders scheduled for 28 January 2027, the company plans to transition to a company with an Audit and Supervisory Committee. The institutional design before the transition is Not disclosed.The company plans to transition to a company with an Audit and Supervisory Committee. The Audit and Supervisory Committee will audit and oversee the legality and appropriateness of business execution, and the Board of Directors’ authority to decide on business execution will be delegated to individual directors. The company states that it will announce the amendments to the articles of incorporation and the executive appointments once they are decided.
| Item | Details |
|---|---|
| Corporate Governance Structure | Subject to approval of the necessary amendments to the articles of incorporation at the 78th Annual General Meeting of Shareholders scheduled for 28 January 2027, the company plans to transition to a company with an Audit and Supervisory Committee. The institutional design before the transition is Not disclosed. |
| Committee | Audit and Supervisory Committee: A majority of the members are outside directors. Specific figures for the number and proportion are Not disclosed. The Nomination and Compensation Committee is Not disclosed. |
| Changes this time | The company plans to transition to a company with an Audit and Supervisory Committee. The Audit and Supervisory Committee will audit and oversee the legality and appropriateness of business execution, and the Board of Directors’ authority to decide on business execution will be delegated to individual directors. The company states that it will announce the amendments to the articles of incorporation and the executive appointments once they are decided. |
Items this document does not state (5)
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 enhance management transparency through an Audit and Supervisory Committee in which a majority of the members are outside directors, and to accelerate decision-making by delegating the Board of Directors’ authority to decide on business execution to individual directors.