Transparency, Soundness and Oversight by Outside Officers
First written in FY2016. 8 of 10 entries say "Advanced", first in FY2019. Latest entry: 2026-07-07.
42 other companies' latest entry also says "Advanced".
- 2026-07-07AdvancedGovernance
「The Audit Committee, internal audit division and accounting auditor hold regular tripartite audit meetings, share information and coordinate with one another.」
The company provided specific details of its oversight structure centered on the Audit Committee, including attendance at important meetings, regular risk reporting by the CRCO, ongoing coordination with the internal audit division, the Audit Committee’s consent rights concerning the appointment, dismissal and personnel evaluation of the head of internal audit, and information sharing through tripartite audit meetings. - FY2026AdvancedAnnual report
「During the fiscal year, the Company held an intensive residential off-site meeting for the first time, deepening discussions on important management agenda items related to formulating the 2030 medium-term management plan, together with key executive officers.」
The Company further developed the Board of Directors' oversight function through 6 regular meetings a year, residential off-site meetings, third-party effectiveness assessments, coordination among committees and oversight of next-generation CEO development. - FY2025AdvancedAnnual report
「By setting agendas focused on important matters, the Company revised the frequency of regular Board meetings to 6 times a year and held 2 full-day intensive off-site meetings annually, separate from Board meetings, to deepen understanding of key agenda items and enrich Board discussions.」
Following the transition to a company with a three-committee structure, the Company enhanced the Board of Directors' oversight function through 6 regular meetings a year, 2 off-site discussions a year and clearer committee responsibilities. - FY2023AdvancedAnnual report
「Taking the transition to a company with a three-committee structure as an opportunity, the Company will clearly separate oversight from execution, strengthen the Board of Directors' oversight function, and accelerate decision-making and business execution by substantially delegating authority over business execution from the Board to executive officers.」
The Company advanced governance enhancements through the separation of oversight and execution, substantial delegation of authority to executive officers, and strengthening of the Board of Directors' oversight function. - FY2022AdvancedAnnual report
「To strengthen corporate governance by increasing the proportion of independent outside directors and enable more agile decision-making, the Company reduced the number of directors from 12 to 10 at the general meeting of shareholders held on 22 June 2022. Independent outside directors now account for half of the Board.」
The Board was reduced from 12 to 10 directors, with independent outside directors accounting for half of the Board. In addition, the nomination and compensation committee was separated into a nomination committee and a compensation committee. - FY2019AdvancedAnnual report
「During the fiscal year, to accelerate decision-making and promote agile execution of duties, the Company revised the Board of Directors Rules, the Internal Approval Regulations governing the exercise of authority by executive officers and employees, and the Standards for Approval of Routine Operations, and proceeded with further delegation of authority.」
The Company disclosed a governance framework comprising 5 outside directors among 11 directors and 7 independent officers, following revisions to the Board of Directors Rules and internal approval standards and further delegation of authority. - FY2017RestatedAnnual report
「The Company recognizes that strengthening corporate governance is important to continuously create social value and maximize corporate value. It is therefore working to achieve this based on the following basic policies: ① ensuring management transparency and soundness, ② enabling speedy decision-making and business execution, ③ clarifying accountability, and ④ making prompt, appropriate and fair disclosures.」
The Company continues to pursue transparency, speedy decision-making, accountability and fair disclosure as its basic policies. - FY2016First statedAnnual report
「The Company recognizes that strengthening corporate governance is important to continuously create social value and maximize corporate value. It is therefore working to achieve this based on the following basic policies: ① ensuring management transparency and soundness, ② enabling speedy decision-making and business execution, ③ clarifying accountability, and ④ making prompt, appropriate and fair disclosures.」
The disclosure describes an oversight framework comprising 5 outside directors, a nomination and compensation committee, a board of corporate auditors and internal audits.