Strengthening Governance through Transparency, Compliance and Internal Controls
First written in FY2017. 5 of 11 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the company held 14 board meetings, at least once a month. Each meeting lasted an average of 1 hour and 26 minutes, with an average of 2.1 matters for deliberation and 3.4 matters for reporting.」
The company held 14 board meetings to deliberate and oversee management policy, capital policy, subsidiary finances, and governance. The effectiveness evaluation identified medium- to long-term strategy, DX, ESG, and investor dialogue as ongoing issues. - 2026-06-04AdvancedGeneral Meeting of Shareholders
「2025年度は全14回取締役会を開催し、取締役会規則に定める重要事項の決定と代表取締役の職務執行状況の監督を実施いたしました。」
モニタリングボードとしての取締役会運営について、14回の開催と職務執行監督の実績を記載している。 - FY2025AdvancedAnnual report
「Held 5 times during fiscal 2024, with each meeting lasting 60 minutes, to review and deliberate item by item on the company's implementation of the Corporate Governance Code's Basic Principles 4, “Responsibilities of the Board,” and 5, “Dialogue with Shareholders,” based on the evaluation of effectiveness.」
A Governance Committee was established and held 5 meetings during fiscal 2024 to review and deliberate item by item on the company's response to the responsibilities of the board of directors and dialogue with shareholders. - FY2024AdvancedAnnual report
「Although the company has adopted the company-with-audit-and-supervisory-board structure, it operates the board of directors as a monitoring board rather than a management board responsible for decisions on day-to-day business execution. This approach is intended to balance a focus on day-to-day business execution with stronger oversight of management in light of changes in the business environment, while further developing the strong relationships with stakeholders cultivated over the company's history of well over a century and responding appropriately to the company's constantly changing operating environment.」
The company clarified its orientation toward a monitoring board, held 14 board meetings, and oversaw business execution through a 10-member board including 6 outside directors. The quality and volume of board materials, high-level discussions, and PDCA monitoring remained ongoing issues. - FY2023ReframedAnnual report
「To focus the board of directors on making decisions concerning overall management and overseeing the execution of important operations, the company has introduced an executive officer system for day-to-day business execution. Important matters relating to business execution are discussed by the Management Committee, whose core members are executive officers.」
The company stated that it operates the board of directors as a monitoring board overseeing the executive officers and the Management Committee, rather than as a body responsible for decisions on day-to-day business execution. The board consists of 10 directors, including 6 outside directors, and a Governance Improvement Committee has also been established. - FY2021AdvancedAnnual report
「As specific initiatives toward these goals, we will focus on contributing to the SDGs through our business activities and establishing an effective corporate governance structure, while making every effort to earn the trust of our various stakeholders, including shareholders, customers, suppliers, and employees.」
The company identified the establishment of an effective corporate governance structure as a specific initiative toward the post-COVID era. As of the filing date, the board of directors consisted of 10 members, including 6 outside directors. - FY2020RestatedAnnual report
「To achieve sustainable growth for the Group and enhance corporate value over the medium to long term, the company has established its corporate governance based on the following fundamental principles.」
The company has outlined a governance policy centered on shareholder rights, cooperation with stakeholders, broad information disclosure, board oversight, and dialogue with shareholders. - FY2019-Q3RestatedAnnual report
「The Independent Committee is to recommend that the Board of Directors implement defensive measures, specifically the gratis allotment of stock acquisition rights through a rights offering with conditions preventing large-scale purchasers from exercising the rights, if a large-scale purchaser or other party conducts a large-scale purchase of the Company’s shares without following the procedures prescribed in the current plan, or if the committee determines that the purchase may damage the Company’s corporate value or the common interests of shareholders.」
The company has reaffirmed its policy of ensuring the transparency and independence of takeover defenses through oversight and recommendations by an independent committee, objective requirements, and information disclosure. - FY2019-Q2RestatedAnnual report
「The Independent Committee is to recommend that the Board of Directors implement defensive measures, specifically the gratis allotment of stock acquisition rights through a rights offering with conditions preventing large-scale purchasers from exercising the rights, if a large-scale purchaser or other party conducts a large-scale purchase of the Company’s shares without following the procedures prescribed in the current plan, or if the committee determines that the purchase may damage the Company’s corporate value or the common interests of shareholders.」
The company has reaffirmed its policy of ensuring the transparency and independence of takeover defenses through oversight and recommendations by an independent committee, objective requirements, and information disclosure. - FY2018RestatedAnnual report
「The Company positions the continuous enhancement of corporate value and the acquisition of market confidence as the foundation of all its activities. To implement this basic policy, it is working to strengthen corporate governance by promoting compliance, establishing a management structure capable of responding swiftly and flexibly to the constantly changing business environment, and ensuring management transparency to maintain sound management.」
The Company reconfirmed its efforts to strengthen governance through compliance, transparency, internal audits, whistleblower reporting and risk management regulations, among other measures. - FY2017First statedAnnual report
「The Company positions the continuous enhancement of corporate value and the acquisition of market confidence as the foundation of all its activities. To implement this basic policy, it is working to strengthen corporate governance by promoting compliance, establishing a management structure capable of responding swiftly and flexibly to the constantly changing business environment, and ensuring management transparency to maintain sound management.」
The Company systematically described its efforts to strengthen governance through compliance, management transparency, the executive officer system, internal audits, whistleblower reporting and risk management regulations, among other measures.