Strengthening governance by transitioning to a company with an Audit and Supervisory Committee
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「Under this framework, the company has appointed 3 directors excluding directors who are audit and supervisory committee members, 3 directors who are audit and supervisory committee members, including 2 outside directors, and an accounting auditor. The board of directors meets once a month to decide important management matters with all directors, including the directors who are audit and supervisory committee members, in attendance.」
The company continues with a structure consisting of a company with an audit and supervisory committee, 3 directors, 3 audit and supervisory committee members, including 2 outside directors, and monthly board meetings. - FY2023Change in the Outside-Director StructureAnnual report
「Under this framework, the company has appointed 3 directors excluding directors who are audit and supervisory committee members, 3 directors who are audit and supervisory committee members, including 2 outside directors, and an accounting auditor.」
The company continues to operate as a company with an audit and supervisory committee and hold monthly board meetings, while the number of outside directors among the directors who are audit and supervisory committee members changed from 3 to 2. - FY2021RestatedAnnual report
「Under this framework, the company has appointed 3 directors excluding directors who are audit and supervisory committee members, 3 directors who are audit and supervisory committee members, including 3 outside directors, and an accounting auditor. The board of directors meets once a month to decide important management matters with all directors, including the directors who are audit and supervisory committee members, in attendance.」
As a company with an audit and supervisory committee, the company continues to operate with 3 directors, 3 audit and supervisory committee members, all of whom are outside directors, and monthly board meetings. - FY2019RestatedAnnual report
「Under this framework, the company has appointed 3 directors excluding directors who are audit and supervisory committee members, 3 directors who are audit and supervisory committee members, including 3 outside directors, and an accounting auditor. The board of directors meets once a month to decide important management matters with all directors, including the directors who are audit and supervisory committee members, in attendance.」
As a company with an audit and supervisory committee, the company continues to operate with 3 directors, 3 audit and supervisory committee members, all of whom are outside directors, and monthly board meetings. - FY2018RestatedAnnual report
「Under this framework, the company has appointed 3 directors excluding directors who are audit and supervisory committee members, 3 directors who are audit and supervisory committee members, including 3 outside directors, and an accounting auditor. The board of directors meets once a month to decide important management matters with all directors, including the directors who are audit and supervisory committee members, in attendance.」
As a company with an audit and supervisory committee, the company continues to operate with 3 directors and 3 audit and supervisory committee members, all of whom are outside directors, and holds monthly board meetings. - FY2017RestatedAnnual report
「With the approval of the 90th Annual General Meeting of Shareholders held on 28 June 2016, the company changed from a company with a board of corporate auditors to a company with an audit and supervisory committee. Under this framework, it has appointed 3 directors excluding directors who are audit and supervisory committee members, 3 directors who are audit and supervisory committee members, including 3 outside directors, and an accounting auditor.」
The company describes its board composition and operating status following the transition to a company with an audit and supervisory committee. - FY2016First statedAnnual report
「With the approval of the 90th Annual General Meeting of Shareholders held on 28 June 2016, the company changed from a company with a board of corporate auditors to a company with an audit and supervisory committee. Following this transition, the company's articles of incorporation provide for a board of directors comprising no more than 5 directors, excluding directors who are audit and supervisory committee members, no more than 4 directors who are audit and supervisory committee members, and an accounting auditor as part of its corporate governance structure.」
The company cites the voting rights of directors who are audit and supervisory committee members, outside directors, and the delegation of authority as reasons for strengthening oversight and speeding up decision-making.