Governance structure
Company with an Audit and Supervisory Committee (scheduled for 23 June 2026)Provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board will be deleted, and provisions concerning directors who are Audit and Supervisory Committee members and the Audit and Supervisory Committee will be newly established. The scope of liability limitation agreements for directors will be expanded from outside directors to directors other than executive directors, etc. A new provision will be established allowing matters such as distributions of surplus to be determined by resolution of the Board of Directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (scheduled for 23 June 2026) |
| Number of directors | Up to 10 directors, excluding directors who are Audit and Supervisory Committee members, and up to 4 directors who are Audit and Supervisory Committee members. Total: up to 14 directors. Number of outside directors: not disclosed |
| Committee | Audit and Supervisory Committee. Proportion of outside members: Not disclosed. Nomination Committee and Compensation Committee: Not disclosed |
| Changes this time | Provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board will be deleted, and provisions concerning directors who are Audit and Supervisory Committee members and the Audit and Supervisory Committee will be newly established. The scope of liability limitation agreements for directors will be expanded from outside directors to directors other than executive directors, etc. A new provision will be established allowing matters such as distributions of surplus to be determined by resolution of the Board of Directors. |
Items this document does not state (4)
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 strengthen the Board of Directors’ oversight function and the corporate governance framework by making directors who serve as Audit and Supervisory Committee members voting members of the Board of Directors, thereby further enhancing corporate value. The changes are also intended to enable the continued recruitment of capable director candidates and allow the Company to implement its capital and dividend policies more flexibly.