Strengthening Corporate Governance
First written in FY2016. 17 of 24 entries say "Advanced", first in FY2017. Latest entry: 2026-09-30.
- FY2026AdvancedAnnual report
「The Company plans to transition to a company with an Audit and Supervisory Committee, thereby clarifying institutionally the distinction between the Board of Directors' oversight function and business execution function, further strengthening the corporate governance oversight function and accelerating decision-making in light of changes in the business environment surrounding the Company.」
The Company presented the transition from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee as an agenda item for the Annual General Meeting of Shareholders on 24 June 2026, and indicated a plan to institutionalize the delegation of authority to executive functions and strengthen the oversight function of the Board of Directors. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 May 2025, the Company resolved to change the name of the Officers Nomination Committee to the Governance and Officers Nomination Committee in order to strengthen discussions on governance matters generally.」
To strengthen governance, the Company renamed the Officers Nomination Committee, in which outside directors constitute a majority, as a committee for discussing governance matters generally. It also disclosed discussions on evaluations of the effectiveness of the Board of Directors and succession planning. - FY2024AdvancedAnnual report
「To improve the substantive governance structure based on its current organizational design, the Company has established voluntary committees, namely the Officers Nomination Committee and the Officers Compensation Committee.」
Under the new management structure, the Company disclosed the composition and operation of the Board of Directors, Audit & Supervisory Board, Officers Nomination Committee and Officers Compensation Committee, and specified oversight, nomination and compensation processes involving outside directors. - FY2024-Q2Announcement of the policy for the new management structureAnnual report
「In connection with the transition to the new management structure, the Company explained its policy under the new management structure on 2 August 2023.」
Regarding the change of president and transition to a new management structure disclosed in the previous fiscal year, the Company explained the policy for the new management structure on 2 August 2023 and announced its electrification plan and priority initiatives through 2028. - FY2023Change of president and transition to a new management structureAnnual report
「June 2023; Company; Representative Director, President and CEO (Chief Executive Officer) (incumbent)」
In June 2023, Osaki Atsushi (大崎 篤) became Representative Director, President and CEO, while Nakamura Tomomi (中村 知美) became Chairman of the Board. The Board of Directors consists of 9 members, including 3 outside directors. - FY2022AdvancedAnnual report
「The Company has adopted the organizational structure of a company with an Audit & Supervisory Board. The Board of Directors, comprising 9 directors including 3 outside directors, and the Audit & Supervisory Board, comprising 5 corporate auditors including 3 outside corporate auditors, make decisions on important business execution matters and conduct oversight and audits.」
Regarding its governance structure, the Company disclosed a composition in which 3 of 9 directors and 3 of 5 corporate auditors are outside officers. It also continues to operate nomination and compensation committees in which outside directors constitute a majority. - FY2021AdvancedAnnual report
「Following the conclusion of the 90th Annual General Meeting of Shareholders held on 23 June 2021, the Board of Directors consisted of 9 directors, 3 of whom were highly independent outside directors. The Audit & Supervisory Board consisted of 4 corporate auditors, 2 of whom were outside corporate auditors.」
Regarding governance enhancement, the Company operates with 3 independent outside directors out of 9 directors, 2 outside corporate auditors out of 4 corporate auditors, and a nomination and compensation committee in which outside directors constitute a majority. - FY2020AdvancedAnnual report
「In April 2019, the Company established the position of CRMO (Chief Risk Management Officer) to support the CEO (Chief Executive Officer) and oversee risk management and compliance activities across the Group, with the aim of further improving the effectiveness of internal controls and risk management throughout the Group.」
Regarding the CRMO and Risk Management Group framework announced in the previous fiscal year, the Company disclosed its operating status as a structure overseeing internal controls, risk management and compliance across the Group. - FY2019AdvancedAnnual report
「As part of these efforts, the Company established a new Risk Management Group headed by the newly created CRMO (Chief Risk Management Officer) in April 2019, with the aim of further strengthening risk management by ensuring that the group functions appropriately.」
To strengthen governance and risk management, the Company announced a structure under which the CRMO and Risk Management Group would be established in April 2019. It also disclosed measures to strengthen the oversight function of the Board of Directors, including outside directors. - FY2019-Q3AdvancedAnnual report
「To advance more firmly, without easing efforts to prevent recurrence of the series of final inspection issues at the Gunma Plant, the officer responsible for the manufacturing division was changed from the former officer to a new officer effective 1 January 2019.」
In response to the final inspection issue, the Company changed the officer responsible for the manufacturing division and specified organizational measures to increase the involvement of management and senior managers. - FY2019-Q2AdvancedAnnual report
「As part of these measures, the final inspection department was transferred from the manufacturing division to ensure the independence of inspection operations.」
In response to the final inspection issue, the Company separated the inspection department from the manufacturing division and announced organizational measures to strengthen the independence of quality assurance and inspection. - FY2018AdvancedAnnual report
「At a meeting of the Board of Directors held in March 2018, the Company resolved the following basic policy on establishing systems to ensure that directors perform their duties in compliance with laws and the articles of incorporation, as well as other systems necessary to ensure the proper conduct of the business of a stock company.」
The Board of Directors resolved a basic policy in March 2018 covering internal controls, risk management, subsidiary management and reporting to corporate auditors, among other matters. - FY2017AdvancedAnnual report
「As the scale of management has expanded, the Company will strengthen the functions of the Board of Directors to reinforce oversight through the separation of management and business execution and accelerate execution, revise the executive compensation system by introducing a restricted stock compensation plan, and establish a Corporate Management Headquarters, a CQO, a CTO (Chief Technology Officer) and a CIO to strengthen global management oversight and business monitoring functions across the Group.」
The Company announced organizational changes to specifically strengthen the functions of the Board of Directors, corporate management, and the officers responsible for quality, technology and information. - FY2016First statedAnnual report
「Based on its corporate philosophy, the Company is making the strengthening of corporate governance its highest management priority in order to earn the satisfaction and trust of all stakeholders, including shareholders and customers.」
The Company explains its governance structure, including the separation of management and execution, the executive officer system, outside directors and outside corporate auditors, and disclosure.