Governance structure
Company with an Audit and Supervisory Committee (subject to approval at the ordinary general meeting of shareholders scheduled for 29 June 2026)The Company plans to transition from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. The director nominees, including 3 directors who are Audit and Supervisory Committee members, will be presented, provisions concerning the Board of Corporate Auditors and corporate auditors will be deleted from the Articles of Incorporation, and new provisions concerning the Audit and Supervisory Committee will be established.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (subject to approval at the ordinary general meeting of shareholders scheduled for 29 June 2026) |
| Number of directors | Under the proposed changes, the number of directors will be limited to 7 or fewer, excluding directors who are Audit and Supervisory Committee members, and the number of directors who are Audit and Supervisory Committee members will be limited to 4 or fewer. There will be 10 nominees in total, including 7 outside directors. |
| Committee | Audit and Supervisory Committee. There will be 3 outside committee members and 3 committee nominees, meaning that outside committee members will account for 100%. |
| Changes this time | The Company plans to transition from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. The director nominees, including 3 directors who are Audit and Supervisory Committee members, will be presented, provisions concerning the Board of Corporate Auditors and corporate auditors will be deleted from the Articles of Incorporation, and new provisions concerning the Audit and Supervisory Committee will be established. |
Items this document does not state (4)
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.To establish provisions concerning the Audit and Supervisory Committee and directors who are Audit and Supervisory Committee members, and to delete provisions concerning the Board of Corporate Auditors and corporate auditors, in connection with the transition to a company with an Audit and Supervisory Committee.