Governance structure
Company with an Audit and Supervisory Committee (scheduled for 26 June 2026; subject to shareholder approval)The Company is scheduled to change from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. 3 directors who are Audit and Supervisory Committee members will be appointed, and 2 corporate auditors are scheduled to retire upon expiration of their terms. Provisions relating to corporate auditors and the Board of Corporate Auditors will be deleted, and provisions relating to the Audit and Supervisory Committee will be newly established. Provisions will also be newly established concerning the delegation to executive directors of decisions on important business execution and decisions on dividends from surplus and other matters by resolution of the Board of Directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (scheduled for 26 June 2026; subject to shareholder approval) |
| Number of directors | No more than 7 directors other than directors who are Audit and Supervisory Committee members, and no more than 4 directors who are Audit and Supervisory Committee members. There are 7 candidates in total, including 3 outside directors. |
| Committee | Audit and Supervisory Committee. Of the 3 candidates, 2 are outside committee members (66.7%). |
| Changes this time | The Company is scheduled to change from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. 3 directors who are Audit and Supervisory Committee members will be appointed, and 2 corporate auditors are scheduled to retire upon expiration of their terms. Provisions relating to corporate auditors and the Board of Corporate Auditors will be deleted, and provisions relating to the Audit and Supervisory Committee will be newly established. Provisions will also be newly established concerning the delegation to executive directors of decisions on important business execution and decisions on dividends from surplus and other matters by resolution of the Board of Directors. |
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.To strengthen the Board of Directors’ supervisory function by making Audit and Supervisory Committee members part of the Board of Directors, thereby strengthening the monitoring structure and enhancing corporate governance. The change is also intended to improve management efficiency, enable agile decision-making, and facilitate agile capital and dividend policies.