Governance structure
Company with an Audit & Supervisory BoardWhen one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
社外取締役は、その会社の出身ではない取締役です。半数の線を超えると、取締役会の多数を社外の人が占めることになります。The percentage represented by the dotted line was calculated from the publicly disclosed number of people.
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.
Cross-shareholdings whose significance has diminished will be disposed of or reduced as promptly as possible. Each year, the Company reviews the purpose of each individual holding, its benefits and risks, and other factors, and reassesses whether to continue holding it and the number of shares held. At the end of fiscal 2025, the Company reviewed 5 holdings and confirmed its policy of reducing the balance as far as possible going forward.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not adopted
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
In 2025, the number of internal directors was reduced by 1 and the number of directors with technical expertise was increased. The Company reviewed 5 cross-shareholdings at the end of fiscal 2025 and confirmed its policy of reducing the balance as far as possible going forward.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | Total number 9 / Of which, outside 5 |
| Number of independent officers | 8 independent officers |
| Committee | Name Nomination Committee, Compensation Committee, Compliance Committee, Management Materiality Committee, Quality and PL Committee, ESH Committee, Risk Management Committee, Information Security Committee / Percentage of outside members Nomination Committee 4/5（80%） / Compensation Committee 4/5（80%） / Compliance Committee 7 members, including 1 outside Audit & Supervisory Board member and 1 external expert. The proportion is not disclosed. / Other Not disclosed |
| Policy on cross-shareholdings | Cross-shareholdings whose significance has diminished will be disposed of or reduced as promptly as possible. Each year, the Company reviews the purpose of each individual holding, its benefits and risks, and other factors, and reassesses whether to continue holding it and the number of shares held. At the end of fiscal 2025, the Company reviewed 5 holdings and confirmed its policy of reducing the balance as far as possible going forward. |
| Takeover defenses | Not adopted |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | In 2025, the number of internal directors was reduced by 1 and the number of directors with technical expertise was increased. The Company reviewed 5 cross-shareholdings at the end of fiscal 2025 and confirmed its policy of reducing the balance as far as possible going forward. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve the effectiveness of the Board of Directors and promote discussions from more diverse perspectives and with an appropriate level of constructive tension. Regarding cross-shareholdings, the Company confirmed its policy of reducing the balance as far as possible while verifying the significance of each holding and its economic rationale.