Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 4 of 11 entries say "Restated". Latest entry: 2026-06-23.
- FY2023Changes in the composition of the Board of Directors and advisory committeesAnnual report
「The Board of Directors consists of 10 directors, including 5 outside directors, and is chaired by the Representative Director and President. It makes decisions on matters prescribed by laws and regulations and important business execution, and oversees the execution of directors' duties. The Nomination and Compensation Advisory Committee consists of 6 directors, including 5 outside directors, and is chaired by the Representative Director and President. It deliberates and makes recommendations on the nomination and compensation of directors, among other matters.」
While continuing as a company with an Audit & Supervisory Committee, the Board of Directors came to consist of 10 members, including 5 outside directors, and the Nomination and Compensation Advisory Committee came to consist of 6 members, including 5 outside directors. - FY2021Changes in the governance structure and establishment of a Nomination and Compensation Advisory CommitteeAnnual report
「The Board of Directors consists of 7 directors, including 3 outside directors, and is chaired by the Representative Director and President. It makes decisions on matters prescribed by laws and regulations and important business execution, and oversees the execution of directors' duties. The Audit & Supervisory Committee consists of 4 directors who are Audit & Supervisory Committee members, including 3 outside directors, and is chaired by a full-time Audit & Supervisory Committee member. The Nomination and Compensation Advisory Committee consists of 4 directors, including 3 outside directors, and is chaired by the Representative Director and President. It deliberates and makes recommendations on the nomination and compensation of directors, among other matters.」
While continuing as a company with an Audit & Supervisory Committee, the Board of Directors was reduced from 13 to 7 members, and the Nomination and Compensation Advisory Committee was newly described. - FY2020RestatedAnnual report
「Following the resolution to amend the Articles of Incorporation at the Annual General Meeting of Shareholders held on 22 June 2016, the Company has operated since that date as a company with an Audit & Supervisory Committee.」
The Company continues its governance structure as a company with an Audit & Supervisory Committee, consisting of a 13-member Board of Directors and a 4-member Audit & Supervisory Committee. - FY2019RestatedAnnual report
「Following the resolution to amend the Articles of Incorporation at the Annual General Meeting of Shareholders held on 22 June 2016, the Company has operated since that date as a company with an Audit & Supervisory Committee. The Board of Directors consists of 13 directors, including 3 outside directors, and the Audit & Supervisory Committee consists of 4 directors who are Audit & Supervisory Committee members, including 3 outside directors.」
The Company continues its governance structure as a company with an Audit & Supervisory Committee. The committee consists of 4 members, including 3 outside directors. - FY2018Changes in the composition of the Audit and Supervisory CommitteeAnnual report
「The Audit & Supervisory Committee consists of 4 directors who are Audit & Supervisory Committee members, including 3 outside directors. In accordance with the audit policies, audit plans, and division of responsibilities established by the Audit & Supervisory Committee, its members attend meetings of the Board of Directors and other important meetings and conduct audits and oversight of the execution of directors' duties and the establishment and operation of the internal control system through investigations of business operations and assets, among other activities.」
The Company continues its governance structure as a company with an Audit & Supervisory Committee. The committee consists of 4 members, down from the 5 stated for the previous fiscal year, including 3 outside directors. - FY2017RestatedAnnual report
「Following the resolution to amend the Articles of Incorporation at the Annual General Meeting of Shareholders held on 22 June 2016, the Company transitioned on that date to a company with an Audit & Supervisory Committee. The Board of Directors consists of 13 directors, including 3 outside directors, and the Audit & Supervisory Committee consists of 5 directors who are Audit & Supervisory Committee members, including 3 outside directors.」
The Company continues to describe its governance structure following the transition to a company with an Audit & Supervisory Committee, including the composition of the Board of Directors and the Audit & Supervisory Committee. - FY2016AchievedAnnual report
「Following the resolution to amend the Articles of Incorporation at the Annual General Meeting of Shareholders held on 22 June 2016, the Company transitioned on that date to a company with an Audit & Supervisory Committee.」
The Company transitioned to a structure consisting of 13 directors, including 3 outside directors, and 5 Audit & Supervisory Committee members, with the aim of strengthening oversight, transparency, and the speed of decision-making.