Governance structure
Company with an audit and supervisory committee (subject to approval of amendments to the Articles of Incorporation at the annual general meeting of shareholders scheduled for 17 December 2026)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 will change from a company with a board of corporate auditors to a company with an audit and supervisory committee, delete provisions concerning corporate auditors and the board of corporate auditors, and add provisions concerning audit and supervisory committee members and the audit and supervisory committee. Provisions in the Articles of Incorporation concerning director candidates, remuneration limits, and the delegation of authority over business execution will also be changed.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an audit and supervisory committee (subject to approval of amendments to the Articles of Incorporation at the annual general meeting of shareholders scheduled for 17 December 2026) |
| Number of directors | There will be 8 candidates after the transition, including 4 outside directors. Under the Articles of Incorporation, there will be 1 to 10 directors who are not audit and supervisory committee members, and 3 to 5 directors who are audit and supervisory committee members. |
| Number of independent officers | 4 people (Ishii Mitsunobu (石井光暢), Nakayama Maya (中山マヤ), Kataoka Rieko (片岡理恵子), and Morioka Hiroyuki (森岡宏之)) are scheduled to be reported. |
| Committee | Audit and Supervisory Committee. 2 of 3 members will be outside members, representing two-thirds of the committee. |
| Changes this time | The Company will change from a company with a board of corporate auditors to a company with an audit and supervisory committee, delete provisions concerning corporate auditors and the board of corporate auditors, and add provisions concerning audit and supervisory committee members and the audit and supervisory committee. Provisions in the Articles of Incorporation concerning director candidates, remuneration limits, and the delegation of authority over business execution will also be changed. |
Items this document does not state (3)
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 strengthen corporate governance, accelerate decision-making, enhance the Board of Directors’ supervisory and monitoring functions, and promote the delegation of authority over business execution.