Governance structure
Company with an Audit and Supervisory CommitteeWhen one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The company holds shares it deems necessary for business alliances, stable procurement of products and the development of good relationships with business partners, among other purposes. Its policy is to reduce or dispose of shareholdings whose significance has diminished. The company resolved to sell 2 issues in fiscal 2023 and 1 issue in fiscal 2025.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
None (not adopted)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
No changes from the previous report are specified.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 9 in total, including 3 outside directors |
| Number of independent officers | 2 |
| Committee | Audit and Supervisory Committee (3 outside members / 3 members in total; outside members account for 100%). No optional Nomination Committee or Compensation Committee has been established. A Risk Management Committee has been established. |
| Policy on cross-shareholdings | The company holds shares it deems necessary for business alliances, stable procurement of products and the development of good relationships with business partners, among other purposes. Its policy is to reduce or dispose of shareholdings whose significance has diminished. The company resolved to sell 2 issues in fiscal 2023 and 1 issue in fiscal 2025. |
| Takeover defenses | None (not adopted) |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | No changes from the previous report are specified. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To ensure fair and transparent management, facilitate swift decision-making and strengthen oversight functions.