Development of an Agile, Highly Transparent Corporate Governance Framework
First written in FY2018. 5 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026Recognition of issues in ensuring board effectiveness and discussing medium- to long-term strategiesAnnual report
「The fiscal 2025 evaluation found high ratings for the statements made by outside directors under Board effectiveness and for the extent to which outside directors' views were solicited under the Board of Directors' discussion process. Since directors continued to make more active statements steadily from the previous year, the evaluation confirmed that the Board of Directors was effective. At the same time, opinions were expressed on discussions concerning medium- to long-term management issues and growth strategies, as well as on enhancing director training.」
While confirming that the Board of Directors remains effective, the Company recognises discussions of medium- to long-term management issues and growth strategies, and director training, as issues to be addressed going forward. - 2026-05-30AdvancedGeneral Meetings of Shareholders
「To establish procedures that ensure independence, objectivity and transparency, at a meeting of the Board of Directors held on 25 October 2018 we established a voluntary Nomination Committee in which independent outside directors constitute a majority.」
The Company has reconfirmed the procedure for selecting director candidates through a Nomination Committee composed primarily of independent outside directors. - FY2025AdvancedAnnual report
「The fiscal 2024 evaluation found higher scores within the Board of Directors' discussion process for discussions on the establishment and operation of internal control and risk management systems, and for understanding and discussing business risks.」
The board effectiveness evaluation confirmed higher scores for discussions on internal control, risk management and business risks, and the Company disclosed improvements to the discussion process. - FY2024AdvancedAnnual report
「The Company changed from a company with a board of statutory auditors to a company with an Audit and Supervisory Committee, pursuant to a resolution passed at the 73rd Annual General Meeting of Shareholders held on 27 June 2024. The transition was intended to enable faster management decision-making and business execution, strengthen the Board of Directors' oversight function by appointing directors who are Audit and Supervisory Committee members with voting rights and other rights at board meetings, and further enhance corporate governance.」
The Company changed from a company with a board of statutory auditors to a company with an Audit and Supervisory Committee, putting in place measures to strengthen oversight and accelerate decision-making. - FY2023AdvancedAnnual report
「The results of the fiscal 2022 evaluation indicated that the scores for the composition and operation of the Board of Directors and the board's discussion process had increased, with particular improvement in the board's discussion process.」
The board effectiveness evaluation confirmed higher scores for board composition, operation and discussion processes, and the Company disclosed the resulting improvements to its governance framework. - FY2022RestatedAnnual report
「To establish an independent, objective and transparent process for nominating directors, the Board of Directors established a voluntary Nomination Committee in October 2018, with independent outside directors constituting a majority of its members.」
A transparent decision-making framework continues to operate through the Nomination and Compensation Committees, in which independent outside directors constitute a majority. - FY2019AdvancedAnnual report
「With respect to the nomination of directors and the determination of compensation for directors and executive officers, the Board of Directors established voluntary Nomination and Compensation Committees as advisory bodies in October 2018 to ensure objectivity, transparency and fairness in these decision-making processes. Both committees appropriately participate in discussions with the Board of Directors.」
The Board of Directors established voluntary Nomination and Compensation Committees in October 2018, putting in place a specific framework to enhance the objectivity, transparency and fairness of nomination and compensation decisions. - FY2018First statedAnnual report
「The Group considers corporate governance to be an important management issue. Its basic policy is to establish a rational, sound and highly transparent management framework and organisation through agile management decision-making in response to market changes and the delegation of authority, implement necessary measures, and thereby promote the Group's growth and enhance corporate value.」
The basic corporate governance policy calls for agile decision-making, delegation of authority, and a sound and highly transparent management framework.