Strengthening Oversight Through the Transition to a Company with an Audit and Supervisory Committee
First written in FY2021. 3 of 6 entries say "Advanced", first in FY2025. Latest entry: 2026-06-24.
- 2026-06-24AdvancedGovernance
「Based on a comprehensive consideration of the evaluation results described above, the company evaluated the effectiveness of its Board of Directors as having been appropriately ensured.」
The company conducted an evaluation of the effectiveness of its Board of Directors, assessing the increase in outside directors, the status of deliberations, and the support structure for the Board, while identifying the need for more substantive discussion of responses to business risks and medium- to long-term management strategies. - FY2026RestatedAnnual report
「The company has established the Board of Directors, Audit and Supervisory Committee, Management Committee, Group J-SOX Promotion Committee, and Nomination and Compensation Committee as bodies responsible for key deliberations, decisions, and related functions.」
Under the company-with-an-Audit-and-Supervisory-Committee structure, the company continues its oversight and audit framework centered on the Board of Directors, Audit and Supervisory Committee, Management Committee, J-SOX Promotion Committee, and Nomination and Compensation Committee. - 2026-05-28AdvancedGeneral Meetings of Shareholders
「To accelerate decision-making and strengthen corporate governance by actively encouraging objective and neutral views at board meetings through a higher proportion of outside Audit and Supervisory Committee members, the company is proposing the election of 3 directors, a reduction of 1 director.」
The company proposed reducing the number of directors, excluding directors who are Audit and Supervisory Committee members, from 4 to 3, thereby putting into practice faster decision-making and a higher proportion of Audit and Supervisory Committee members. - FY2025AdvancedAnnual report
「If the proposal is approved, the company is expected to have 4 directors who are Audit and Supervisory Committee members, including 3 independent outside directors.」
The company has proposed a specific change in the Audit and Supervisory Committee structure, from the current 3 members, including 2 outside directors, to 4 members, including 3 independent outside directors, after the Annual General Meeting of Shareholders. - FY2024RestatedAnnual report
「The company has established the Board of Directors, Audit and Supervisory Committee, Management Committee, Group J-SOX Promotion Committee, and Nomination and Compensation Committee as bodies responsible for key deliberations, decisions, and related functions.」
Under the company-with-an-Audit-and-Supervisory-Committee structure, the company continues its oversight and audit framework centered on the Board of Directors, Audit and Supervisory Committee, and other bodies. - FY2021First statedAnnual report
「At the 52nd Annual General Meeting of Shareholders held on 25 June 2021, amendments to the Articles of Incorporation providing for a transition to a company with an Audit and Supervisory Committee were approved. Accordingly, on the same date, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The transition is intended to strengthen the Board of Directors’ oversight function by establishing an Audit and Supervisory Committee composed of outside directors and enabling directors who are Audit and Supervisory Committee members to exercise voting rights at Board meetings, thereby further enhancing corporate governance.」
On 25 June 2021, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, introducing a structure to strengthen the Board of Directors’ oversight function through an Audit and Supervisory Committee composed of outside directors and the exercise of voting rights.