Transition to a Company with an Audit and Supervisory Committee and Oversight by Outside Directors
First written in FY2021. 4 of 6 entries say "Restated". Latest entry: 2026-06-24.
- FY2026Updated outside-director composition of the boardAnnual report
「The board of directors comprises 3 directors who are not audit and supervisory committee members, including 1 outside director, and 3 directors who are audit and supervisory committee members, all 3 of whom are outside directors.」
The company continues to operate as a company with an audit and supervisory committee, while the composition of outside directors on the board has been updated, bringing the total number of outside directors to 4. - FY2025RestatedAnnual report
「The board of directors comprises 3 directors who are not audit and supervisory committee members, including 2 outside directors, and 3 directors who are audit and supervisory committee members, all 3 of whom are outside directors. The board makes decisions on important business execution.」
The company continues to adopt a structure in which it is a company with an audit and supervisory committee and oversight is centred on outside directors. - FY2022RestatedAnnual report
「We decided that changing to a company with an audit and supervisory committee comprising a majority of outside directors would strengthen the board of directors’ oversight function and help ensure management transparency and improve efficiency.」
The company has reaffirmed its oversight structure as a company with an audit and supervisory committee, with outside directors and cooperation with the accounting auditor and internal audit function. - FY2021First statedAnnual report
「At the extraordinary general meeting of shareholders held on 31 March 2019, we changed to a company with an audit and supervisory committee. We decided to adopt this structure because changing to a company with an audit and supervisory committee comprising a majority of outside directors would strengthen the board of directors’ oversight function and help ensure management transparency and improve efficiency.」
The oversight function has been strengthened through the transition to a company with an audit and supervisory committee, an audit and supervisory committee including outside directors, and cooperation with the accounting auditor and internal audit function.