Contents of this filing
The Company substantially reduced its strategic shareholdings, bringing the balance down to a negligible level.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The Board of Directors resolved to oppose an individual shareholder’s proposal to establish in the Articles of Incorporation a special committee to consider strategies including taking the company private.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Policy on cross-shareholdings | The Company substantially reduced its strategic shareholdings, bringing the balance down to a negligible level. |
| Changes this time | The Board of Directors resolved to oppose an individual shareholder’s proposal to establish in the Articles of Incorporation a special committee to consider strategies including taking the company private. |
Items this document does not state (6)
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.The Board of Directors explained that the existing Board, together with the independent outside directors, can fully perform the decision-making and oversight functions needed to protect minority shareholders and enhance shareholder value, making a new special committee unnecessary. It also expressed concern that fixing the committee’s composition, authority to appoint external experts, budget, review period and disclosure obligations in the Articles of Incorporation could impede flexible and agile decision-making in response to changes in the business environment.