Governance structure
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 Company is pursuing measures including reducing cross-held shares to improve capital efficiency.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The number of inside directors was reduced by 1 from the previous fiscal year, resulting in 7 director candidates to be submitted to this Ordinary General Meeting of Shareholders, including 3 independent outside directors.
| Item | Details |
|---|---|
| Number of directors | There are 7 director candidates to be submitted to this Ordinary General Meeting of Shareholders, including 3 independent outside directors. However, the current classification of the institutional design is Not disclosed |
| Number of independent officers | 3 independent outside directors |
| Committee | Nomination and Compensation Committee. An independent outside director serves as chair, and a majority of the committee members are independent outside directors. |
| Policy on cross-shareholdings | The Company is pursuing measures including reducing cross-held shares to improve capital efficiency. |
| Changes this time | The number of inside directors was reduced by 1 from the previous fiscal year, resulting in 7 director candidates to be submitted to this Ordinary General Meeting of Shareholders, including 3 independent outside directors. |
Items this document does not state (3)
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.The Company opposes each proposal on the grounds that it adequately addresses matters through the independence of candidates, sustainable growth and the enhancement of corporate value over the medium to long term, maintaining its financial foundation and securing growth investments, and its current governance, disclosure and general meeting operations.