Strengthening External Perspectives and Oversight Functions through Outside Directors
First written in FY2016. 6 of 13 entries say "Advanced", first in FY2022. Latest entry: FY2026.
87 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company has adopted a company structure with an Audit and Supervisory Committee. Of the 5 directors serving as Audit and Supervisory Committee members, 4 are outside directors under the Companies Act and have also been appointed as independent officers under the listing rules of the Tokyo Stock Exchange and Nagoya Stock Exchange.」
The Company has maintained an external oversight structure in which 4 of the 5 Audit and Supervisory Committee members are outside directors serving as independent officers. - FY2025AdvancedAnnual report
「The special committee meets as necessary. During the fiscal year, it met 3 times in total, and the attendance of each director was as follows. / The special committee reviewed whether the interests of minority shareholders had been compromised in transactions between the Company and its parent company, Toyota Industries Corporation.」
The Company disclosed that the special committee, composed of independent outside directors, met 3 times during the fiscal year and reviewed transactions with the parent company from the perspective of minority shareholder interests. - FY2024AdvancedAnnual report
「The Company has adopted a company structure with an Audit and Supervisory Committee. Of the 5 directors serving as Audit and Supervisory Committee members, 4 are outside directors under the Companies Act and have also been appointed as independent officers under the listing rules of the Tokyo Stock Exchange and Nagoya Stock Exchange.」
The Audit and Supervisory Committee now consists of 5 members, including 4 outside directors, expanding the external oversight function from the previous structure of 3 outside directors among 4 members. - FY2023AdvancedAnnual report
「The special committee reviewed whether the interests of minority shareholders had been compromised in transactions between the Company and its parent company, Toyota Industries Corporation.」
The Company disclosed that the special committee, composed of independent outside directors, met once during the fiscal year and actually reviewed transactions with the parent company from the perspective of minority shareholder interests. - FY2022AdvancedAnnual report
「The Company has established a special committee composed of independent outside directors under the Board of Directors to protect the interests of minority shareholders and for other purposes. The committee reviews important transactions between the Company and its parent company or other related parties, and the Board of Directors decides whether to proceed with such transactions after receiving the committee’s recommendations.」
In addition to external oversight by the Audit and Supervisory Committee, the Company has established a special committee composed of independent outside directors to review important transactions with the parent company or other related parties from the perspective of protecting minority shareholders. - FY2021RestatedAnnual report
「The company has adopted an Audit and Supervisory Committee structure, with 3 of the 4 directors who are Audit and Supervisory Committee members serving as outside directors under the Companies Act and also appointed as independent officers under the listing regulations of the Tokyo Stock Exchange and the Nagoya Stock Exchange.」
It continues an external oversight system with 3 of the 4 Audit and Supervisory Committee members serving as outside directors designated as independent officers. - FY2020RestatedAnnual report
「Of the 4 directors who are Audit and Supervisory Committee members, 3 are outside directors under the Companies Act and have also been appointed as independent officers under the listing regulations of the Tokyo Stock Exchange and the Nagoya Stock Exchange.」
It continues an external oversight system with 3 of the 4 Audit and Supervisory Committee members serving as outside directors designated as independent officers. - FY2019RestatedAnnual report
「The Audit and Supervisory Committee consists of 4 directors who are Audit and Supervisory Committee members, including 3 outside directors, and meets monthly to deliberate and pass resolutions on important matters, including audit reports, from an independent and objective standpoint.」
It continues an independent oversight and audit system comprising 4 Audit and Supervisory Committee members, including 3 outside directors, with monthly deliberations and resolutions. - FY2018ReframedAnnual report
「The Audit and Supervisory Committee consists of 4 directors who are Audit and Supervisory Committee members, including 3 outside directors, and meets monthly to deliberate and pass resolutions on important matters, including audit reports, from an independent and objective standpoint.」
It changed the external oversight and audit structure from the previous system of 1 outside director and 3 outside corporate auditors to a company with an Audit and Supervisory Committee consisting of 4 Audit and Supervisory Committee members, including 3 outside directors. - FY2017RestatedAnnual report
「To incorporate external perspectives into management, strengthen oversight, and enhance management transparency and soundness, we appointed 1 outside director and designated that director as an independent officer. In addition, to strengthen the independence and neutrality of the audit system, we appointed 2 outside corporate auditors with extensive management experience and 1 outside corporate auditor who is an accounting professional, and designated all 3 outside corporate auditors as independent officers.」
It continues to adopt a system of external oversight and auditing comprising 1 outside director and 3 outside corporate auditors designated as independent officers. - FY2016First statedAnnual report
「To incorporate external perspectives into management, strengthen oversight, and enhance management transparency and soundness, we appointed 1 outside director and designated that director as an independent officer. In addition, to strengthen the independence and neutrality of the audit system, we appointed 2 outside corporate auditors with extensive management experience and 1 outside corporate auditor who is an accounting professional, and designated all 3 outside corporate auditors as independent officers.」
It designated 1 outside director and 3 outside corporate auditors as independent officers, strengthening external perspectives and the independence of oversight and audits.