Strengthening Corporate Governance
First written in FY2016. 10 of 12 entries say "Advanced", first in FY2017. Latest entry: 2026-06-26.
- 2026-06-26AdvancedGovernance
「Board of Directors Chair: Outside Director Audit and Supervisory Committee Audit Members: 10 Directors 3 Directors serving as Audit and Supervisory Committee Members (including 6 Outside Directors) Accounting audit」
The governance structure following the transition to a company with an audit and supervisory committee was specified, including the composition of a Board of Directors chaired by an outside director, the Audit and Supervisory Committee, the Nomination and Compensation Committee, and the delegation of certain important decisions to management. - FY2026ReframedAnnual report
「Effective 25 June 2025, the company changed from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee.」
The corporate governance structure changed from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee. The company is proceeding with the delegation of authority from the Board of Directors to management, enhancing the Board's supervisory function, and supplementing oversight through the Nomination and Compensation Committee. - FY2025AdvancedAnnual report
「The status of execution of sustainability-related initiatives, including climate change, human capital and intellectual property, is reported and shared with the Board of Directors on a quarterly basis.」
The company specified a process for reporting sustainability, human capital and intellectual property matters to the Board of Directors quarterly, clarifying the matters subject to governance oversight. - FY2022AdvancedAnnual report
「The Sustainability Committee, established in August 2021, deliberates on the formulation of the Group's basic sustainability policy, basic matters concerning the materiality of earnings opportunities and risks and the status of progress, and basic sustainability-related disclosures.」
The Sustainability Committee was established in August 2021, creating a structure for deliberating on materiality, progress and disclosure. The structure with 5 independent outside directors among the 11 Board members has also continued. - FY2021AdvancedAnnual report
「The Board of Directors consists of 11 members, including 5 outside directors, all of whom are independent officers registered with the Tokyo Stock Exchange.」
The company disclosed a structure with an 11-member Board of Directors, including 5 independent outside directors. In June 2020, a female outside Audit & Supervisory Board member holding a certified public accountant qualification took office. - FY2020AdvancedAnnual report
「During the period, at the ordinary general meeting of shareholders held in June last year, we reviewed the composition of the Board of Directors in light of strengthening the independence of outside directors and promoting diversity.」
The company reviewed the composition of the Board of Directors in light of the independence and diversity of outside directors, establishing a structure with 5 outside directors out of 12 directors. - FY2019AdvancedAnnual report
「In response to the revision of the Corporate Governance Code in June last year, the Board of Directors held discussions on multiple occasions to achieve effective corporate governance without being bound by formal compliance with principles. In December, we revised the Basic Policy on Corporate Governance to reflect the results of those discussions.」
The Board of Directors held multiple discussions and revised the Basic Policy on Corporate Governance in December 2018. - FY2018AdvancedAnnual report
「In the current period, the third year of the board effectiveness evaluation conducted annually since fiscal 2015, we undertook a more substantive analysis and evaluation by reviewing discussions held by the Board of Directors from the perspective of corporate governance aimed at achieving sustainable growth for the Group and enhancing corporate value, while also considering issues concerning the future role of the Board.」
The third board effectiveness evaluation was conducted, with a more substantive analysis and evaluation in addition to the conventional review. - FY2017AdvancedAnnual report
「The president changed on 1 April this year, and the new president was selected from among multiple candidates following deliberation by the Nomination and Compensation Committee under the succession plan.」
The president was selected following deliberation by the Nomination and Compensation Committee, applying the succession plan to the actual change in president. - FY2016First statedAnnual report
「In May last year, we established independence criteria for outside officers and, replacing the previous Compensation Committee, established a Nomination and Compensation Committee. The new committee has deliberative authority over the appointment of directors and other officers and decision-making authority over executive compensation, and a majority of its members are outside directors.」
Measures included establishing independence criteria and setting up a Nomination and Compensation Committee with a majority of outside directors.