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 its business activities. It reviews each holding annually and promptly sells any that are no longer necessary, seeking to reduce its holdings. No figures are provided for the number or value of holdings.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Following the Ordinary General Meeting of Shareholders held on 18 June 2026, 8 of the 11 directors are independent outside directors. The performance-linked compensation system was revised from the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Statutory Committees |
| Number of directors | 11 directors (including 8 outside directors) |
| Number of independent officers | 8 independent officers |
| Committee | Nominating Committee: 4/4 outside members; Compensation Committee: 3/3 outside members; Audit Committee: 4/4 outside members; Governance Committee: all directors (the percentage of outside members is not stated) |
| 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 its business activities. It reviews each holding annually and promptly sells any that are no longer necessary, seeking to reduce its holdings. No figures are provided for the number or value of holdings. |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | Following the Ordinary General Meeting of Shareholders held on 18 June 2026, 8 of the 11 directors are independent outside directors. The performance-linked compensation system was revised from the fiscal year ending March 2027. |
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.The company explained that the board structure is based on its policy of having a majority of independent outside directors. The compensation-system changes are intended to accelerate the recovery of profitability and increase incentives to improve business profits and implement structural reforms.