The Audit & Supervisory Board System: Balancing Efficient Management and Effective Management Oversight
First written in FY2016. 4 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
- FY2026Change in the representative director and president and changes in the composition of the boardAnnual report
「President and Representative Director Representative Director Maeda Tadayasu (前田 忠和)」
The list of officers as of the filing date shows that Maeda Tadayasu (前田 忠和) became President and Representative Director. The Board of Directors comprises 4 members, including 1 outside director, and the audit and supervisory board comprises 3 outside audit and supervisory board members. The change from the former President and Representative Director is also disclosed in the officer list. - FY2026-H1Changes in the officer structure due to a director's retirementAnnual report
「Retiring officer Position: Director Name: Kakishita Naotake (柿下 尚武) Retirement date: 31 July 2025 4 men and 2 women (women accounted for 33.3% of officers)」
During the interim accounting period, 1 director retired. Following the change, the officers comprised 4 men and 2 women, with women accounting for 33.3%. - FY2025RestatedAnnual report
「The Company's corporate governance structure is based on an audit and supervisory board system. In line with its management policy of emphasizing efficient operations with a small number of people, the Company has adopted the current audit and supervisory board system to enable sufficient discussion and prompt decision-making.」
The Company continues to pursue a governance policy based on the audit and supervisory board system, with efficient management, oversight by the Board of Directors, and monitoring by outside officers. As of the filing date, the structure comprises 1 outside director and 3 outside audit and supervisory board members. - FY2024AdvancedAnnual report
「At the annual general meeting of shareholders held on 27 June 2024, the Company newly appointed 1 outside audit and supervisory board member. As a result, as of the date of submission of the Annual Securities Report, the Company had 1 outside director and 3 outside audit and supervisory board members.」
The Company appointed 1 additional outside audit and supervisory board member, bringing the number of outside audit and supervisory board members to 3 as of the filing date. Together with 1 outside director, all 4 are designated as independent officers. - FY2023AdvancedAnnual report
「In addition, the Company formulated a sustainability policy during the fiscal year.」
In addition to its existing governance policy emphasizing transparency, fairness and oversight functions, the Company disclosed the formulation of a sustainability policy during the fiscal year as an achievement of the Board of Directors. - FY2022RestatedAnnual report
「The company believes that the essence of corporate governance is to ensure transparency and fairness in decision-making, make full and effective use of its management resources, and increase management vitality through swift and decisive decision-making, with a view to achieving sustainable growth and enhancing corporate value over the medium to long term.」
The Company continues to pursue a governance policy that emphasizes transparency and fairness in decision-making, the effective use of management resources, and oversight by the Board of Directors. - FY2021AdvancedAnnual report
「At the annual general meeting of shareholders held on 25 June 2021, the company elected an outside director.」
In addition to the existing audit and supervisory committee system, 1 outside director was appointed. As of the filing date, the Board of Directors comprises 4 members, including 1 outside director. - FY2020RestatedAnnual report
「The company believes that the essence of corporate governance is to ensure transparency and fairness in decision-making, make full and effective use of its management resources, and increase management vitality through swift and decisive decision-making, with a view to achieving sustainable growth and enhancing corporate value over the medium to long term.」
The company continues its governance policy of emphasizing transparency and fairness, effective use of management resources, and oversight by the board of directors. It also describes an Audit & Supervisory Board system with 2 outside Audit & Supervisory Board members and no outside directors. - FY2018RestatedAnnual report
「The company aims to promote management that creates sustainable corporate value for all stakeholders, including shareholders. To achieve this, it places emphasis on establishing efficient management and effective management oversight functions. It also seeks to strengthen corporate governance by fulfilling its accountability obligations and achieving highly transparent management.」
The company continues its governance policy of emphasizing efficient management and oversight functions, accountability and transparency. - FY2016First statedAnnual report
「The company aims to promote management that creates sustainable corporate value for all stakeholders, including shareholders. To achieve this, it places emphasis on establishing efficient management and effective management oversight functions.」
The company states that it will ensure efficiency and oversight through the Audit & Supervisory Board system, a small board of directors, and oversight by outside Audit & Supervisory Board members.