Governance structure
Company with an Audit and Supervisory Committee (scheduled to change from a company with a Board of Corporate Auditors on 27 June 2026)When 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.
Change from a company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee; addition of provisions relating to the Audit and Supervisory Committee and deletion of provisions relating to corporate auditors and the Board of Corporate Auditors; classification of the number of directors; change in the head office location from Nakano-ku, Tokyo to Nerima-ku, Tokyo; addition of provisions allowing the Board of Directors to determine dividends of surplus and other matters; and other necessary amendments to the Articles of Incorporation.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (scheduled to change from a company with a Board of Corporate Auditors on 27 June 2026) |
| Number of directors | Up to 6 directors (excluding directors who are Audit and Supervisory Committee members) and up to 5 directors who are Audit and Supervisory Committee members. Maximum total: 11. Number of outside directors: Not disclosed |
| Committee | Audit and Supervisory Committee: proportion of outside members: Not disclosed. Nomination Committee and Compensation Committee: Not disclosed |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | Change from a company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee; addition of provisions relating to the Audit and Supervisory Committee and deletion of provisions relating to corporate auditors and the Board of Corporate Auditors; classification of the number of directors; change in the head office location from Nakano-ku, Tokyo to Nerima-ku, Tokyo; addition of provisions allowing the Board of Directors to determine dividends of surplus and other matters; and other necessary amendments to the Articles of Incorporation. |
Items this document does not state (3)
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 strengthen the audit, supervisory and corporate governance functions, enhance corporate value, make the return of profits to shareholders more flexible, optimize head office functions and improve operational efficiency, consolidate the functions of the sales divisions, and advance the strategic allocation of operating bases.