Governance structure
The company is currently a company with a board of company auditors. Subject to approval of amendments to the Articles of Incorporation at the 131st Annual General Meeting of Shareholders scheduled for June 2027, it is scheduled to change to a company with three committees.The company is scheduled to change from its current structure as a company with a board of company auditors to a company with three committees. Following the transition, it will establish the three statutory committees, the Nominating, Audit and Compensation Committees, and proceed with substantial delegation of authority from the Board of Directors to executive officers.
| Item | Details |
|---|---|
| Corporate Governance Structure | The company is currently a company with a board of company auditors. Subject to approval of amendments to the Articles of Incorporation at the 131st Annual General Meeting of Shareholders scheduled for June 2027, it is scheduled to change to a company with three committees. |
| Committee | Following the transition, the company will establish the Nominating Committee, Audit Committee and Compensation Committee. The proportion of outside committee members is Not disclosed. Before the transition, it had established voluntary advisory committees on the nomination and compensation of officers. |
| Changes this time | The company is scheduled to change from its current structure as a company with a board of company auditors to a company with three committees. Following the transition, it will establish the three statutory committees, the Nominating, Audit and Compensation Committees, and proceed with substantial delegation of authority from the Board of Directors to executive officers. |
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.To enhance management transparency and objectivity and achieve swift decision-making and business execution amid a rapidly changing global business environment. The company also aims to further accelerate growth and realise its long-term vision by separating oversight from execution, strengthening the Board of Directors' monitoring function and delegating authority to executive officers.