Komori
Governance7482SHIMOJIMA Co.,Ltd.Trading & Wholesale

Notice Regarding the Transition to a Company with an Audit and Supervisory Committee

Subject to approval at the general meeting of shareholders scheduled for 25 June 2026, the Company plans to transition from a Company with a Board of Corporate Auditors to a Company with an Audit & Supervisory Committee. Following the transition, the Company will establish an Audit & Supervisory Committee in which outside directors constitute a majority, and assign it responsibility for auditing and overseeing the execution of business operations.

Worth reading
61In focus
Scored from 1 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Conditional
How definitive the wording is.

Governance structure

Planned transition to a Company with an Audit & Supervisory Committee (the corporate governance structure before the transition is not specified in the body of the notice)
Committee1
Audit & Supervisory Committee
Percentage of outside members outside members constitute a majority
Changes this time

Subject to obtaining approval for the necessary amendments to the Articles of Incorporation at the 65th Annual General Meeting of Shareholders scheduled for 25 June 2026, the Company plans to transition to a Company with an Audit & Supervisory Committee. Outside directors will constitute a majority of the Audit & Supervisory Committee.

Governance structure
ItemDetails
Corporate Governance StructurePlanned transition to a Company with an Audit & Supervisory Committee (the corporate governance structure before the transition is not specified in the body of the notice)
CommitteeAudit & Supervisory Committee (outside members constitute a majority)
Changes this timeSubject to obtaining approval for the necessary amendments to the Articles of Incorporation at the 65th Annual General Meeting of Shareholders scheduled for 25 June 2026, the Company plans to transition to a Company with an Audit & Supervisory Committee. Outside directors will constitute a majority of the Audit & Supervisory Committee.
Items this document does not state (5)
Number of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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 enhance management transparency through auditing and oversight by the Audit & Supervisory Committee, and to accelerate decision-making and execution by delegating the Board of Directors' authority to decide on the execution of business operations to the directors.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Transition to a Company with an Audit and Supervisory Committee | SHIMOJIMA Co.,Ltd. (7482) timely disclosure | Komori