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.
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 holds strategic shareholdings only where they are deemed necessary to facilitate sales activities or for external alliances required for business operations. Each holding is assessed annually, and holdings that are no longer necessary are sold promptly, with efforts made to reduce the number of such holdings. The number and value of holdings are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
In June 2025, the composition of the Governance Committee was changed to comprise all directors, and an opinion-exchange meeting for outside directors was established. Under the directors' compensation system, restricted stock compensation was introduced in place of phantom stock.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Statutory Committees |
| Number of directors | 10 directors in total, including 8 outside directors |
| Number of independent officers | 8 independent officers |
| Committee | Nominating Committee (4 outside members out of 4, 100%), Compensation Committee (3 outside members out of 3, 100%), Audit Committee (5 outside members out of 5, 100%), Governance Committee (all directors; 8 outside directors out of 10, 80%) |
| Policy on cross-shareholdings | The company holds strategic shareholdings only where they are deemed necessary to facilitate sales activities or for external alliances required for business operations. Each holding is assessed annually, and holdings that are no longer necessary are sold promptly, with efforts made to reduce the number of such holdings. The number and value of holdings are not disclosed. |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | In June 2025, the composition of the Governance Committee was changed to comprise all directors, and an opinion-exchange meeting for outside directors was established. Under the directors' compensation system, restricted stock compensation was introduced in place of phantom stock. |
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 improve the effectiveness of deliberations on governance, ensure opportunities for deliberation by outside directors, deepen the alignment of interests with shareholders, and promote the enhancement of corporate value over the medium to long term.