Directors and Officers Liability Insurance and Indemnification Agreements
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2025.
7 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company has entered into directors' and officers' liability insurance contracts with an insurance company, naming its directors as insured persons. The insurance covers claims for damages arising when an insured person incurs liability in the performance of their duties or receives a claim seeking to enforce such liability. The company bears the full cost of the insurance premiums.」
The directors' and officers' liability insurance contract and the arrangement under which the company bears the full cost of the premiums were reaffirmed. - FY2024RestatedAnnual report
「The company has entered into directors' and officers' liability insurance contracts with an insurance company, naming its directors as insured persons. The insurance covers claims for damages arising when an insured person incurs liability in the performance of their duties or receives a claim seeking to enforce such liability. The company bears the full cost of the insurance premiums.」
The directors' and officers' liability insurance contract and the arrangement under which the company bears the full cost of the premiums were reaffirmed. - FY2023RestatedAnnual report
「The company has entered into directors' and officers' liability insurance contracts with an insurance company, naming its directors as insured persons, and bears the full cost of the insurance premiums.」
The directors' and officers' liability insurance contract and the arrangement under which the company bears the full cost of the premiums were reaffirmed. - FY2021First statedAnnual report
「The company has entered into indemnification agreements with each director as provided for in Article 430-2, paragraph 1 of the Companies Act, under which the company will indemnify the costs specified in item 1 of that paragraph and the losses specified in item 2 within the scope permitted by law.」
Specific details were disclosed for the first time regarding indemnification agreements with directors and directors' and officers' liability insurance contracts under which the directors are insured. The company bears the full cost of the insurance premiums.