Governance structure
Company with an Audit and Supervisory Committee (scheduled to transition subject to approval at the 134th Annual General Meeting of Shareholders scheduled for late June 2026; currently a company with a board of company auditors)The Company has decided to transition from its current status as a company with a board of company auditors to a company with an Audit and Supervisory Committee. The details of the amendments to the Articles of Incorporation and officer appointments and other matters associated with the transition will be announced once decided.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (scheduled to transition subject to approval at the 134th Annual General Meeting of Shareholders scheduled for late June 2026; currently a company with a board of company auditors) |
| Changes this time | The Company has decided to transition from its current status as a company with a board of company auditors to a company with an Audit and Supervisory Committee. The details of the amendments to the Articles of Incorporation and officer appointments and other matters associated with the transition will be announced once decided. |
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 transition is intended to strengthen the Board of Directors’ supervisory function by giving Audit and Supervisory Committee members voting rights as members of the Board of Directors, and to enable multifaceted deliberation of important matters. The Company also aims to achieve swift and decisive decision-making, sound risk-taking and further enhancement of corporate value by delegating authority from the Board of Directors to the executive divisions.