Governance structure
Company with an Audit and Supervisory CommitteeAmendments to the Articles of Incorporation to increase the total number of authorized shares from 134,740,320 to 286,740,320, the addition of a provision allowing the selection of a Chairperson of the Board, and the submission of a proposal for the election of 2 substitute outside directors who are Audit and Supervisory Committee members.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Audit and Supervisory Committee (proportion of outside members: Not disclosed) |
| Changes this time | Amendments to the Articles of Incorporation to increase the total number of authorized shares from 134,740,320 to 286,740,320, the addition of a provision allowing the selection of a Chairperson of the Board, and the submission of a proposal for the election of 2 substitute outside directors who are Audit and Supervisory Committee members. |
Items this document does not state (5)
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.Because the total of the number of issued shares and the number of potential shares underlying unexercised stock acquisition rights is approaching the total number of authorized shares, leaving significantly limited capacity to issue new shares, the Company will establish a structure that enables it to implement agile and flexible capital policies in line with future business development. The provision allowing the selection of a Chairperson of the Board is intended to further strengthen the management structure and enable an appropriate response to changes in the business environment. The election of candidates for substitute Audit and Supervisory Committee members is intended to prepare for any vacancy in the number of Audit and Supervisory Committee members.