Managing Officer Liability Risk Through Directors and Officers Liability Insurance
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1AdvancedAnnual report
「The coverage under the company's directors and officers liability insurance for investigation costs and other expenses incurred by the Special Investigation Committee and other bodies in connection with the “Investigation Report dated 2 March 2022” and the “Verification Report dated 10 February 2023” concerning the Go To Travel matter, and the “Investigation Report dated 29 August 2025” concerning receipt of employment adjustment subsidies and other benefits, was finalized at ¥50 million for each matter. Accordingly, the company recorded total insurance proceeds of ¥100 million as extraordinary income.」
Coverage under the directors and officers liability insurance for the investigation costs of the Special Investigation Committee and other bodies was finalized, and the company recorded total insurance proceeds of ¥100 million. This demonstrated that the insurance policy had been used in practice. - FY2025RestatedAnnual report
「The company has entered into directors and officers liability insurance with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The policy provides indemnity for losses incurred by insured persons as a result of becoming liable, or being subject to claims of liability, in connection with the performance of their duties in company litigation, third-party litigation, shareholder derivative actions, and other proceedings.」
The company continues to maintain directors and officers liability insurance covering directors, corporate auditors, executive officers, management-level employees, and outside directors dispatched to other organizations. - FY2024RestatedAnnual report
「The company has entered into directors and officers liability insurance with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The policy provides indemnity for losses incurred by insured persons as a result of becoming liable, or being subject to claims of liability, in connection with the performance of their duties in company litigation, third-party litigation, shareholder derivative actions, and other proceedings.」
The company continues to maintain directors and officers liability insurance covering directors, corporate auditors, executive officers, management-level employees, and others. - FY2021First statedAnnual report
「The company has entered into directors and officers liability insurance with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The policy provides indemnity for losses incurred by insured persons as a result of becoming liable, or being subject to claims of liability, in connection with the performance of their duties in company litigation, third-party litigation, shareholder derivative actions, and other proceedings.」
The company newly disclosed directors and officers liability insurance covering directors, corporate auditors, executive officers, management-level employees, and others. Criminal acts such as bribery and intentional illegal acts are excluded from coverage.