Strengthening Governance Through the Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 4 of 12 entries say "Advanced", first in FY2018. Latest entry: FY2026.
- FY2026AchievedAnnual report
「As of 31 March 2026, the company had 8 directors, including 3 directors who were Audit and Supervisory Committee members. There were also 3 outside directors, including 1 outside director who was not an Audit and Supervisory Committee member and 2 outside directors who were Audit and Supervisory Committee members. There were 3 independent officers.」
The structure previously disclosed as the expected post-shareholders' meeting structure of 8 directors, 3 outside directors and 3 independent officers was recorded as the actual structure as of 31 March 2026. - 2026-06-02RestatedGeneral Meetings of Shareholders
「The Board of Directors consists of 8 directors, including 3 outside directors.」
The company reconfirmed the structure of 8 directors, including 3 outside directors, after the annual general meeting of shareholders, as stated in the FY2025 annual securities report. The framework of a company with an audit and supervisory committee also continues. - FY2025SoftenedAnnual report
「As an agenda item for the annual general meeting of shareholders scheduled for 25 June 2025, the company has proposed the election of 5 directors excluding directors who are Audit and Supervisory Committee members. If the proposal is approved, the Board will comprise 8 members: 3 executive directors and 5 non-executive directors, including 3 outside directors. As 1 director who is an Audit and Supervisory Committee member is scheduled to retire upon expiration of the term at the conclusion of the annual general meeting, there will be 3 Audit and Supervisory Committee members, including 2 outside directors, and 3 outside directors in total, including 1 outside director who is not an Audit and Supervisory Committee member.」
The company disclosed that the structure is scheduled to change from 10 directors and 4 outside directors as of the filing date to 8 directors and 3 outside directors after the annual general meeting. The company-with-an-Audit-and-Supervisory-Committee and Nominating and Compensation Committee framework will continue. - FY2024SoftenedAnnual report
「As of 25 June 2024, the Board of Directors comprised 10 members: 4 executive directors and 6 non-executive directors, including 4 outside directors. Of these, 4 directors were Audit and Supervisory Committee members. Of the 4 outside directors, 1 was not an Audit and Supervisory Committee member and 3 were Audit and Supervisory Committee members.」
The structure changed from 11 directors, 5 outside directors and 5 independent officers as of the end of March 2023 to 10 directors and 4 outside directors as of 25 June 2024. The company-with-an-Audit-and-Supervisory-Committee and Nominating and Compensation Committee structure has continued. - FY2023SoftenedAnnual report
「As of 31 March 2023, the company had 11 directors, including 4 directors who were Audit and Supervisory Committee members. There were also 5 outside directors, including 2 outside directors who were not Audit and Supervisory Committee members and 3 outside directors who were Audit and Supervisory Committee members. There were 5 independent officers.」
The structure changed from the previous year's 13 directors, 6 outside directors and 6 independent officers to 11 directors, 5 outside directors and 5 independent officers. The company-with-an-Audit-and-Supervisory-Committee and Nominating and Compensation Committee structure has continued. - FY2022AdvancedAnnual report
「As of 31 March 2022, the company had 13 directors, including 5 directors who were Audit and Supervisory Committee members. There were also 6 outside directors, including 2 outside directors who were not Audit and Supervisory Committee members and 4 outside directors who were Audit and Supervisory Committee members. There were 6 independent officers.」
The structure expanded from 11 directors, 5 outside directors and 5 independent officers in FY2021 to 13 directors, 6 outside directors and 6 independent officers as of 31 March 2022. - FY2021AdvancedAnnual report
「As of 31 March 2021, the company had 11 directors, including 4 directors who were Audit and Supervisory Committee members. There were also 5 outside directors, including 2 outside directors who were not Audit and Supervisory Committee members and 3 outside directors who were Audit and Supervisory Committee members. There were 5 independent officers.」
The company disclosed a structure based on a company with an Audit and Supervisory Committee and a Nominating and Compensation Committee, comprising 11 directors, 5 outside directors and 5 independent officers. - FY2020ReframedAnnual report
「At a Board of Directors meeting held on 13 December 2019, the company resolved to establish a Nominating and Compensation Committee as a voluntary advisory body to the Board of Directors, in order to ensure the fairness, transparency and objectivity of its basic policies and procedures concerning the nomination and compensation of directors excluding directors who are Audit and Supervisory Committee members, and to enhance corporate governance.」
The Governance Committee established in December 2018 was renamed the Nominating and Compensation Committee and reorganized as an advisory body on nominations and compensation. The composition of the committee, including independent outside directors, was also disclosed. - FY2019AdvancedAnnual report
「Since December 2018, the company has maintained a Governance Committee as an advisory body to the Board of Directors, with the aim of ensuring the fairness, transparency and objectivity of the Board and enhancing corporate governance.」
In addition to the structure adopted after transitioning to a company with an Audit and Supervisory Committee, a Governance Committee, an advisory body to the Board of Directors, was established in December 2018, giving concrete form to the corporate governance enhancement framework. - FY2018AdvancedAnnual report
「As of 28 June 2018, the company had 5 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 4 directors who are Audit and Supervisory Committee members, including 3 outside directors, for a total of 9 directors. There were also 3 independent officers.」
The company has continued the structure adopted after transitioning to a company with an Audit and Supervisory Committee and disclosed a board comprising 9 directors. As of the filing date, the number of independent officers had increased to 4, giving more concrete form to the outside and independent director structure. - FY2017RestatedAnnual report
「To strengthen the Board of Directors' oversight function, ensure highly transparent management and achieve prompt decision-making, we will appoint Audit and Supervisory Committee members to the Board and further enhance our corporate governance structure. In line with the intent of the Corporate Governance Code, we will also continue strengthening our management structure.」
The structure following the transition to a company with an Audit and Supervisory Committee has continued, with 10 directors, 4 Audit and Supervisory Committee members and 4 outside directors. - FY2016First statedAnnual report
「To strengthen the Board of Directors' oversight function, ensure highly transparent management and achieve prompt decision-making, we will appoint Audit and Supervisory Committee members to the Board and further enhance our corporate governance structure.」
The company transitioned to a company with an Audit and Supervisory Committee on 24 June 2016, and disclosed a structure comprising 10 directors, 4 Audit and Supervisory Committee members and 4 outside directors.