Governance structure
Company with Three CommitteesWhen 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.
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 does not hold strategic shareholdings except where they contribute to the stable procurement of materials, strengthening relationships with customers, or other recognized objectives that contribute to enhancing corporate value over the medium to long term. If a holding no longer conforms to the policy, the company will sell and reduce it as appropriate. Each year, the Board of Directors verifies the rationale for continuing to hold each individual issue and discloses the results.
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.
The company disclosed the results of its FY2025 board effectiveness evaluation and identified the following priority issues for FY2026: matters submitted to the Board of Directors and the criteria for submission, discussions on management strategy and plans, risk management and the role of the Audit Committee, and the division of responsibilities and coordination between the Audit Committee and the Internal Audit Department.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Committees |
| Number of directors | 9, including 6 outside directors |
| Number of independent officers | 5 |
| Committee | Nominating Committee, Audit Committee and Compensation Committee. Each committee comprises a majority of independent outside directors, and the chair of each committee is an independent outside director. |
| Policy on cross-shareholdings | The company does not hold strategic shareholdings except where they contribute to the stable procurement of materials, strengthening relationships with customers, or other recognized objectives that contribute to enhancing corporate value over the medium to long term. If a holding no longer conforms to the policy, the company will sell and reduce it as appropriate. Each year, the Board of Directors verifies the rationale for continuing to hold each individual issue and discloses the results. |
| Takeover defenses | Not adopted |
| Controlling shareholder | No controlling shareholder |
| Changes this time | The company disclosed the results of its FY2025 board effectiveness evaluation and identified the following priority issues for FY2026: matters submitted to the Board of Directors and the criteria for submission, discussions on management strategy and plans, risk management and the role of the Audit Committee, and the division of responsibilities and coordination between the Audit Committee and the Internal Audit Department. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To ensure and enhance the effectiveness of the Board of Directors and continuously improve its functions. The initiatives reflect responses to issues identified in the prior fiscal year's evaluation and opinions expressed in the FY2025 evaluation.