Governance structure
Company with an Audit & Supervisory BoardWhen 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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The company holds shares in listed companies to enhance corporate value by strengthening relationships with business partners and for other purposes. It periodically reviews whether its holdings remain consistent with their intended purpose, taking into comprehensive consideration their book value, market value at the end of the fiscal year and trading volume, among other factors. If the holdings are not deemed reasonable, the company will sell or otherwise dispose of them.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not adopted
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | Total: 9, including 4 outside directors |
| Number of independent officers | 5 |
| Committee | Installation Nomination Advisory Committee; Compensation Advisory Committee / Percentage of outside members At each committee, 3 of the 5 members (60%) are outside directors |
| Policy on cross-shareholdings | The company holds shares in listed companies to enhance corporate value by strengthening relationships with business partners and for other purposes. It periodically reviews whether its holdings remain consistent with their intended purpose, taking into comprehensive consideration their book value, market value at the end of the fiscal year and trading volume, among other factors. If the holdings are not deemed reasonable, the company will sell or otherwise dispose of them. |
| Takeover defenses | Not adopted |
| Controlling shareholder | No controlling shareholder or parent company |
Items this document does not state (1)
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 Nomination Advisory Committee and Compensation Advisory Committee have been established to strengthen the independence, objectivity and accountability of the Board of Directors in matters concerning the nomination and compensation of directors and others, and to further enhance the corporate governance structure.