Separation of Management Oversight and Business Execution, and Establishment of a Compliance Framework
First written in FY2017-Q1. 11 of 18 entries say "Restated". Latest entry: FY2027-H1.
- FY2027-H1RestatedAnnual report
「Specific measures include adopting an executive officer system and separating management decision-making and oversight functions from business execution functions, thereby strengthening both business execution and decision-making and oversight. The company also receives advice as appropriate from external specialists, including attorneys, to support appropriate management through external checks and advice, and has appointed 3 outside directors and 2 outside corporate auditors. All 5 have been reported to the Tokyo Stock Exchange as independent officers under its rules.」
The governance structure, including the executive officer system, the reporting of 3 outside directors and 2 outside corporate auditors as independent officers, and advice from external specialists, remains in place. - FY2026Change of Representative Director and PresidentAnnual report
「April 2026 Representative Director and President of the Company (current)」
Yamakuni Minoru (山国 稔) became representative director and president effective April 2026, and the management structure changed from the previous president to him. - 2026-05-14AdvancedGovernance
「The necessary amendments are being made to Articles 24 and 25 of the current Articles of Incorporation to enable the Board of Directors to respond flexibly and promptly in its operations.」
The proposed amendments to the Articles of Incorporation would provide greater flexibility in determining directors with specific titles and allow the convener and chair of Board of Directors meetings to be determined in advance by resolution of the Board. - FY2024The composition of outside directors and outside corporate auditors changed.Annual report
「The company has appointed 3 highly independent outside directors to strengthen the board of directors' oversight function.」
The outside officer structure now comprises 3 outside directors and 2 outside corporate auditors, with all 5 notified as independent officers. The Nomination and Compensation Committee also comprises 3 of the 5 independent officers. - FY2021AdvancedAnnual report
「The optional Nomination and Compensation Committee, comprising the chairman of the board, the president, the officer overseeing the General Affairs and Human Resources Department, and 1 corporate auditor, discusses and examines draft proposals concerning the appointment and compensation of directors and other officers. These proposals are approved by the board of directors after receiving advice from outside directors.」
In addition to the existing executive officer system, outside officers and compliance committee, the composition and operation of the optional Nomination and Compensation Committee, which examines draft proposals concerning the appointment and compensation of directors and other officers, were specifically disclosed. - FY2020-Q3RestatedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent officers under the rules of the Exchange. In addition, to strengthen internal awareness of compliance and help prevent problems, the company has appointed an officer responsible for company-wide compliance and established a compliance committee that also includes representatives of affiliated companies and outside experts. Furthermore, it has established an internal control system and is working to operate, evaluate and improve it continuously.」
The company continues to operate the executive officer system, notify 2 outside directors and 3 outside corporate auditors as independent officers, obtain advice from outside professionals, and operate, evaluate and improve the compliance committee and internal controls. - FY2020-Q1RestatedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent officers under the rules of the Exchange. In addition, to strengthen internal awareness of compliance and help prevent problems, the company has appointed an officer responsible for company-wide compliance and established a compliance committee that also includes representatives of affiliated companies and outside experts. Furthermore, it has established an internal control system and is working to operate, evaluate and improve it continuously.」
The company continues to operate the executive officer system, notify 2 outside directors and 3 outside corporate auditors as independent officers, obtain advice from outside professionals, and operate, evaluate and improve the compliance committee and internal controls. - FY2019RestatedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent committee members under the rules of the Exchange.」
The company continues to operate the executive officer system, maintain 2 outside directors and 3 outside corporate auditors, notify them as independent officers, obtain advice from outside professionals, and operate, evaluate and improve the compliance committee and internal controls. - FY2019-Q2RestatedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent officers under the rules of the Exchange. In addition, to strengthen internal awareness of compliance and help prevent problems, the company has appointed an officer responsible for company-wide compliance and established a compliance committee that also includes representatives of affiliated companies and outside experts. Furthermore, it has established an internal control system and is working to operate, evaluate and improve it continuously.」
The company continues to operate the executive officer system, notify 2 outside directors and 3 outside corporate auditors as independent officers, and operate, evaluate and improve the compliance committee and internal controls. - FY2019-Q1RestatedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent officers under the rules of the Exchange. In addition, to strengthen internal awareness of compliance and help prevent problems, the company has appointed an officer responsible for company-wide compliance and established a compliance committee that also includes representatives of affiliated companies and outside experts. Furthermore, it has established an internal control system and is working to operate, evaluate and improve it continuously.」
The company continues to operate the executive officer system, notify 2 outside directors and 3 outside corporate auditors as independent officers, obtain advice from outside professionals, and operate, evaluate and improve the compliance committee and internal controls. - FY2018-Q3RestatedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent officers under the rules of the Exchange. In addition, to strengthen internal awareness of compliance and help prevent problems, the company has appointed an officer responsible for company-wide compliance and established a compliance committee that also includes representatives of affiliated companies and outside experts. Furthermore, it has established an internal control system and is working to operate, evaluate and improve it continuously.」
The company continues to operate the executive officer system, notify 2 outside directors and 3 outside corporate auditors as independent officers, obtain advice from outside professionals, and operate, evaluate and improve the compliance committee and internal controls. - FY2018-Q2RestatedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent officers under the rules of the Exchange. In addition, to strengthen internal awareness of compliance and help prevent problems, the company has appointed an officer responsible for company-wide compliance and established a compliance committee that also includes representatives of affiliated companies and outside experts. Furthermore, it has established an internal control system and is working to operate, evaluate and improve it continuously.」
The company continues to operate the executive officer system, notify 2 outside directors and 3 outside corporate auditors as independent officers, obtain advice from outside professionals, and operate, evaluate and improve the compliance committee and internal controls. - FY2018-Q1AdvancedAnnual report
「Specific measures include adopting an executive officer system and strengthening both business execution and management decision-making and oversight by separating management decision-making and oversight from business execution. To support appropriate management through external checks and advice, the company also receives advice as appropriate from outside professionals such as attorneys, appoints 2 independent outside directors and 3 outside corporate auditors, and has notified the Tokyo Stock Exchange that all 5 are independent committee members under the rules of the Exchange. In addition, to strengthen internal awareness of compliance and help prevent problems, the company has appointed an officer responsible for company-wide compliance and established a compliance committee that also includes representatives of affiliated companies and outside experts.」
In addition to the existing executive officer system, 2 outside directors, 3 outside corporate auditors and the compliance committee, all 5 have been notified as independent officers under the rules of the Tokyo Stock Exchange. - FY2017-Q3RestatedAnnual report
「Specific measures include adopting an executive officer system and separating management decision-making and oversight from business execution to strengthen both functions. To support appropriate management through external review and advice, the company also obtains advice from external specialists such as attorneys as needed, and has appointed 2 independent outside directors and 3 outside audit & supervisory board members. In addition, to strengthen internal awareness of compliance and help prevent problems, it has appointed an executive officer responsible for company-wide compliance and established a compliance committee including representatives of affiliated companies and external experts.」
The company continues to implement the executive officer system, 2 outside directors and 3 outside audit & supervisory board members, advice from external specialists, the compliance committee, and the operation, evaluation and improvement of internal controls. - FY2017-Q2RestatedAnnual report
「We have adopted an executive officer system and separated management decision-making and oversight from business execution to strengthen both functions. To support appropriate management through external review and advice, we also obtain advice from external specialists such as attorneys as needed, and have appointed 2 independent outside directors and 3 outside audit & supervisory board members. In addition, to strengthen internal awareness of compliance and help prevent problems, we have appointed an executive officer responsible for company-wide compliance and established a compliance committee including representatives of affiliated companies and external experts.」
The company continues to implement governance measures including the executive officer system, 2 outside directors and 3 outside audit & supervisory board members, external advice and the compliance committee. - FY2017-Q1First statedAnnual report
「We have adopted an executive officer system and separated management decision-making and oversight from business execution to strengthen both functions. To support appropriate management through external review and advice, we also obtain advice from external specialists such as attorneys as needed, and have appointed 2 independent outside directors and 3 outside audit & supervisory board members. In addition, to strengthen internal awareness of compliance and help prevent problems, we have appointed an executive officer responsible for company-wide compliance and established a compliance committee including representatives of affiliated companies and external experts.」
The company identified the executive officer system, 2 outside directors and 3 outside audit & supervisory board members, the compliance committee, and the operation, evaluation and improvement of internal controls as specific measures.