Governance structure
Company with an Audit and Supervisory CommitteeThe company continues efforts to reduce its cross-shareholdings after considering factors including the cost of capital and their contribution to business performance. Each year, it verifies the rationale for holding each shareholding, taking into account the relationship with the company and the extent of its contribution to enhancing the company's corporate value. Since the end of March 2018, the company has reduced its holdings by 27 issues and sold approximately ¥11.0 billion worth of shares.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Transition from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 12 directors in total, including 3 outside directors (1 outside director who is not an Audit and Supervisory Committee member and 2 outside directors who are Audit and Supervisory Committee members) |
| Committee | Nomination Committee, Compensation Committee, Risk Management and Compliance Committee, and Sustainability Committee. The proportion of outside members is not disclosed. |
| Policy on cross-shareholdings | The company continues efforts to reduce its cross-shareholdings after considering factors including the cost of capital and their contribution to business performance. Each year, it verifies the rationale for holding each shareholding, taking into account the relationship with the company and the extent of its contribution to enhancing the company's corporate value. Since the end of March 2018, the company has reduced its holdings by 27 issues and sold approximately ¥11.0 billion worth of shares. |
| Changes this time | Transition from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee |
Items this document does not state (3)
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.Improving management transparency, enhancing and strengthening the corporate governance framework, and accelerating decision-making.