Transition to a company with an Audit and Supervisory Committee and stronger oversight by outside directors
First written in FY2017. 5 of 8 entries say "Restated". Latest entry: FY2026.
- FY2026Change in representative director; reduction in the number of directorsAnnual report
「The Board of Directors consists of 2 directors, excluding directors who are Audit and Supervisory Committee members (Kamitani Yoichiro (神谷陽一郎) and Shirama Hiroaki (白間広章)), and 3 directors who are Audit and Supervisory Committee members, all 3 of whom are outside directors (Nishio Shinichi (西尾愼一), Otawara Shunsuke (大田原俊輔) and Yamamoto Shoei (山本庄英)). The chair is Kamitani Yoichiro (神谷陽一郎), Representative Director and President. Following the death of former Representative Director and President Kamitani Tetsuro (神谷哲郎) on 4 March 2025, Kamitani Yoichiro (神谷陽一郎) became Representative Director and President at a Board of Directors meeting held on 10 March 2025.」
Following the death of the former Representative Director and President, Kamitani Yoichiro (神谷陽一郎) became Representative Director and President, and the number of directors who are not Audit and Supervisory Committee members changed from the previous 3 to 2. The structure of 3 outside directors who are Audit and Supervisory Committee members continues. - 2026-04-01RestatedGeneral Meetings of Shareholders
「Proposal 1: Election of 2 directors, excluding directors who are Audit and Supervisory Committee members Proposal 2: Election of 3 directors who are Audit and Supervisory Committee members Proposal 3: Election of 1 substitute director who is an Audit and Supervisory Committee member」
Based on the structure of a company with an Audit and Supervisory Committee, the proposals cover the re-election of 3 outside directors who are Audit and Supervisory Committee members and the election of a substitute director. - FY2024RestatedAnnual report
「The overview of the company's corporate governance framework at the end of the current consolidated fiscal year is as follows. At the 65th Annual General Meeting of Shareholders held on 26 April 2016, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee effective that date.」
The company continues its structure as a company with an Audit and Supervisory Committee and the monitoring and supervisory functions provided by 3 outside directors who are Audit and Supervisory Committee members. - FY2022RestatedAnnual report
「The Board of Directors consists of 3 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members, all 3 of whom are outside directors.」
The company continues its structure as a company with an Audit and Supervisory Committee and a Board of Directors including 3 outside directors who are Audit and Supervisory Committee members. - FY2021RestatedAnnual report
「The Board of Directors consists of 3 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members, all 3 of whom are outside directors.」
The company continues its structure as a company with an Audit and Supervisory Committee and a Board of Directors including 3 outside directors who are Audit and Supervisory Committee members. - FY2020Change in board compositionAnnual report
「The Board of Directors previously consisted of 4 directors, excluding directors who are Audit and Supervisory Committee members (Kamitani Tetsuro (神谷哲郎), Ota Hiroshi (太田寛), Shirama Hiroaki (白間広章) and Kamitani Yoichiro (神谷陽一郎)). To streamline the management structure, the number was reduced by 1 effective 27 April 2020, and the Board now consists of 3 directors (Kamitani Tetsuro (神谷哲郎), Shirama Hiroaki (白間広章) and Kamitani Yoichiro (神谷陽一郎)) and 3 directors who are Audit and Supervisory Committee members, all 3 of whom are outside directors (Nishio Shinichi (西尾愼一), Otawara Shunsuke (大田原俊輔) and Yamamoto Shoei (山本庄英)). The chair is Kamitani Tetsuro (神谷哲郎), Representative Director and President.」
The company states that effective 27 April 2020, the number of directors who are not Audit and Supervisory Committee members changed from 4 to 3, a reduction of 1, and that the structure includes 3 outside directors who are Audit and Supervisory Committee members. - FY2018RestatedAnnual report
「At the 65th Annual General Meeting of Shareholders held on 26 April 2016, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee effective that date. Through this transition, the company aims to further strengthen the monitoring and supervisory functions of its Board of Directors through directors who are Audit and Supervisory Committee members and enhance its corporate governance framework.」
Since changing to a company with an Audit and Supervisory Committee, the company has continued to monitor and supervise the Board of Directors through a structure including 3 outside directors who are Audit and Supervisory Committee members. - FY2017First statedAnnual report
「At the 65th Annual General Meeting of Shareholders held on 26 April 2016, a proposal to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee was approved. Accordingly, the company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee effective that date. Through this transition, the company aims to further strengthen the auditing and supervisory functions of its Board of Directors through directors who are Audit and Supervisory Committee members and enhance its corporate governance framework.」
The company changed to a company with an Audit and Supervisory Committee effective 26 April 2016 and states that it will strengthen the Board of Directors' auditing and supervisory functions through a structure including 3 directors who are Audit and Supervisory Committee members.