Introduction of Directors and Officers Liability Insurance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, paragraph 1 of the Companies Act. The insurance contract is used to cover damages and litigation expenses, including attorneys' fees, that insured persons are legally required to bear.」
The directors and officers liability insurance contract and certain exclusions continue to be disclosed. - FY2024RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, paragraph 1 of the Companies Act. The insurance contract is used to cover damages and litigation expenses, including attorneys' fees, that insured persons are legally required to bear.」
The directors and officers liability insurance contract and certain exclusions continue to be disclosed. - FY2022First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, paragraph 1 of the Companies Act. The insurance contract is used to cover damages and litigation expenses, including attorneys' fees, that insured persons are legally required to bear.」
A directors and officers liability insurance contract covering directors of the Company and its subsidiaries, as well as audit & supervisory board members and executive officers of its subsidiaries, was described. Certain exclusions, including deductibles, have also been established.