Oversight by Outside Corporate Auditors and a Structure Without Outside Directors
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2024.
87 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Company has 3 outside directors, all of whom are Audit and Supervisory Committee members.」
This reconfirms the structure under which all 3 outside directors serve as Audit and Supervisory Committee members at a company with an Audit and Supervisory Committee. - FY2021RestatedAnnual report
「The Company has 3 outside directors, all of whom are Audit and Supervisory Committee members.」
This reconfirms the structure under which all 3 outside directors serve as Audit and Supervisory Committee members at a company with an Audit and Supervisory Committee. - FY2019RestatedAnnual report
「The Company has 3 outside directors, all of whom are Audit and Supervisory Committee members.」
This reconfirms the structure under which all 3 outside directors serve as Audit and Supervisory Committee members at a company with an Audit and Supervisory Committee. - FY2017ReframedAnnual report
「At the annual general meeting of shareholders held on 16 June 2017, the Company approved amendments to its articles of incorporation to transition to a company with an Audit and Supervisory Committee. Accordingly, as of that date, it changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee.」
The structure changed from oversight by outside corporate auditors without outside directors to a structure in which all 3 outside directors serve as Audit and Supervisory Committee members. - FY2016First statedAnnual report
「The Company has not appointed outside directors, but has appointed 3 outside corporate auditors who are independent of management. These auditors conduct audits from the perspectives of the legality and appropriateness of directors' execution of their duties. The Company has adopted the current structure because it believes that the corporate auditors' oversight function over business execution is operating sufficiently effectively.」
The Company explains that it has adopted oversight by 3 outside corporate auditors without appointing outside directors.