Achieving both speed and oversight by separating oversight from execution
First written in FY2016. 5 of 14 entries say "Advanced", first in FY2017. Latest entry: 2026-06-26.
- 2026-06-26RestatedGovernance
「[Skills Matrix for Directors]」
取締役9名のスキル・マトリックスを開示し、取締役会における企業経営・事業運営、技術・開発、営業・マーケティング、グローバル・海外事業、財務・会計、人事、法務・コンプライアンス・リスクマネジメント及びESG・サステナビリティの役割分担を示している。既存の監督・執行体制を変更する記載はない。 - FY2026RestatedAnnual report
「The company introduced an executive officer system on 1 April 2022 to separate decision-making and oversight functions relating to management from business execution, thereby strengthening the Board of Directors’ oversight of business execution and enhancing corporate governance.」
The company continues to operate a structure separating oversight and execution through the executive officer system and the Board of Directors. It also maintains a structure with 9 directors, including 3 independent outside directors, representing one-third of the Board. - FY2025AdvancedAnnual report
「In addition, pursuant to a resolution at the 56th Annual General Meeting of Shareholders held on 24 June 2025, the company has a structure with 9 directors, including 3 independent outside directors, thereby meeting the requirement that independent outside directors account for one-third of the Board.」
The Board of Directors changed from a structure with 8 directors in the previous fiscal year to one with 9 directors, including 3 independent outside directors, maintaining and meeting the one-third ratio. - FY2024RestatedAnnual report
「The company introduced an executive officer system on 1 April 2022 to separate decision-making and oversight functions relating to management from business execution, thereby strengthening the Board of Directors’ oversight of business execution and enhancing corporate governance.」
The company continues to operate the executive officer system and a Board of Directors structure with 8 directors, including 3 outside directors. - FY2023AdvancedAnnual report
「The company also reviewed the composition of the Board of Directors and, based on a resolution at the 54th Annual General Meeting of Shareholders held on 22 June 2023, established a structure of 8 directors, including 3 outside directors. This is intended to further strengthen the Board of Directors’ oversight function by stimulating discussion through an appropriately sized board, while meeting the requirement that outside directors account for at least one-third of the Board.」
Following the introduction of the executive officer system, the company reviewed the Board of Directors, changing it from a structure with 9 directors to one with 8 directors, including 3 outside directors, representing at least one-third of the Board. - FY2022AdvancedAnnual report
「The company introduced an executive officer system on 1 April 2022 to separate decision-making and oversight functions relating to management from business execution, thereby strengthening the Board of Directors’ oversight of business execution and enhancing corporate governance. It also reviewed the composition of the Board of Directors and, based on a resolution at the 53rd Annual General Meeting of Shareholders held on 23 June 2022, established a structure of 9 directors, including 3 outside directors. This is intended to further strengthen the Board of Directors’ oversight function by stimulating discussion through an appropriately sized board, while meeting the requirement that outside directors account for one-third of the Board.」
On 1 April 2022, the company introduced an executive officer system and changed to a structure with 9 directors, including 3 outside directors. - FY2021Reorganization of the director structure and responsibilitiesAnnual report
「The Board of Directors, as the company’s highest decision-making body, generally meets once a month to make decisions on important matters, centered on matters reserved exclusively to it under Article 399-13 of the Companies Act, and to oversee the execution of business.」
Under the company-with-an-Audit-and-Supervisory-Committee structure, the composition of the Board of Directors and Audit and Supervisory Committee and the officers’ responsibilities have been reorganized, and the company operates a framework separating oversight and execution. - FY2021-Q2Reorganisation of directors’ responsibilitiesAnnual report
「President and Representative Director, Head of Development Division President and Representative Director Yamaki Yoshitaka (八巻 由孝) 1 October 2020 / Executive Vice President and Representative Director, Head of Sales Division Executive Vice President and Director, Head of Sales Division Uchida Makoto (内田 誠) 1 October 2020 / Director, responsible for the Materials Department Director, Head of Development Division and responsible for the Materials Department Yoda Hiroaki (依田 博明) 1 October 2020」
The company disclosed a resolution dated 1 October 2020 to reorganize the officers’ areas of responsibility, including having the President and Representative Director concurrently serve as Head of the Development Division. - FY2020RestatedAnnual report
「At the 49th Annual General Meeting of Shareholders held on 21 June 2018, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. We believe that establishing an Audit and Supervisory Committee and granting directors who serve as Audit and Supervisory Committee members voting rights at meetings of the Board of Directors will strengthen the Board of Directors’ auditing and oversight functions and further enhance the corporate governance framework.」
Following the transition to a company with an Audit and Supervisory Committee, the company operates an auditing and oversight structure through the Audit and Supervisory Committee and the Board of Directors. - FY2019RestatedAnnual report
「The Board of Directors, consisting of 13 directors, including 3 outside directors, makes decisions on important management matters and audits and oversees business execution. The company appoints directors with the appropriate expertise to operate the Board of Directors effectively.」
Following the transition to a company with an Audit and Supervisory Committee, the company operates a decision-making and oversight structure through the Board of Directors, including outside directors. - FY2018AdvancedAnnual report
「At the 49th Annual General Meeting of Shareholders held on 21 June 2018, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. This transition was intended to further strengthen the auditing and oversight of the execution of duties by the Board of Directors, which serves as the decision-making and oversight body for the most important matters, including management policies, and to further enhance the corporate governance framework.」
The company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, marking specific progress in strengthening its auditing and oversight functions. - FY2018-Q3Changes in the scope of officers’ responsibilitiesAnnual report
「Director, Executive Vice President and CFO, responsible for the General Affairs, Accounting, Human Resources and Quality Assurance Departments / Director, Executive Vice President and CFO, responsible for the General Affairs and Accounting Departments」
The scope of responsibilities of the officers has changed, including the addition of the Human Resources and Quality Assurance Departments to the responsibilities of the Executive Vice President and CFO. - FY2017AdvancedAnnual report
「We have designated 1 Chief Executive Officer (CEO) and 1 Chief Operating Officer (COO) from among the representative directors, and 1 Chief Financial Officer (CFO) from among the directors.」
In addition to a structure based on the separation of oversight and execution, the company has clearly designated the CEO, COO and CFO, thereby specifying its system for executing and managing management policies. - FY2016First statedAnnual report
「We believe that establishing a structure that enables the separation of oversight and execution in management is most effective. As part of our corporate governance framework, we actively appoint outside directors and outside corporate auditors who are independent of the company, while having adopted an executive officer system since June 2010.」
The company states that it balances agility and flexibility in business execution with timely and appropriate oversight through outside officers, the executive officer system and the delegation of authority by the Board of Directors.