Governance structure
The company currently has an Audit & Supervisory Board. Subject to approval of the amendments to the Articles of Incorporation at the Annual General Meeting of Shareholders on 19 June 2026, it plans to transition to a company with a Three-Committee Board structure.Transition from a company with an Audit & Supervisory Board to a company with a Three-Committee Board structure; establishment of provisions concerning the Nomination, Compensation and Audit Committees and executive officers; deletion of provisions concerning Audit & Supervisory Board Members and the Audit & Supervisory Board; reduction in the maximum number of directors from 12 or fewer to 11 or fewer; expansion of the scope of limitation of liability agreements; and addition of new business purposes.
| Item | Details |
|---|---|
| Corporate Governance Structure | The company currently has an Audit & Supervisory Board. Subject to approval of the amendments to the Articles of Incorporation at the Annual General Meeting of Shareholders on 19 June 2026, it plans to transition to a company with a Three-Committee Board structure. |
| Number of directors | The proposed maximum is 11 directors (the number of outside directors is not disclosed) |
| Committee | The Nomination Committee, Compensation Committee and Audit Committee. Each committee will consist of at least 3 members, a majority of whom will be outside directors. The proportion of outside members on each committee is not disclosed. |
| Changes this time | Transition from a company with an Audit & Supervisory Board to a company with a Three-Committee Board structure; establishment of provisions concerning the Nomination, Compensation and Audit Committees and executive officers; deletion of provisions concerning Audit & Supervisory Board Members and the Audit & Supervisory Board; reduction in the maximum number of directors from 12 or fewer to 11 or fewer; expansion of the scope of limitation of liability agreements; and addition of new business purposes. |
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 establish provisions accompanying the transition to a company with a Three-Committee Board structure, reduce the maximum number of directors, revise limitation of liability agreements in light of amendments to the Companies Act, prepare for new businesses as part of the transformation of the business portfolio, and make other necessary changes, including renumbering of the articles, in connection with these changes.