Separating oversight and execution through a company with a three-committee board structure
First written in FY2016. 1 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 3 of 37 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2025Board of directors and executive officer structure updatedAnnual report
「We have adopted a company-with-committees structure and, as of the date of submission of the annual securities report (18 November 2025), comprise 7 directors, including 4 outside directors, and 6 executive officers, including 1 director who also serves as an executive officer.」
While maintaining the separation of oversight and execution, the company discloses that, as of the filing date, its structure comprises 7 directors, 4 outside directors and 6 executive officers, with outside directors serving as committee chairs. - FY2024Chair of the board of directors and board structure updatedAnnual report
「As a general rule, the chair of the board of directors is a director who does not concurrently serve as an executive officer. The position was held by outside director Watanabe Shinya (渡部眞也) through July 2024 and has since been held by outside director Mitsusada Yosuke (光定洋介).」
While maintaining the separation of oversight and execution, the chair of the board of directors changed from Watanabe Shinya (渡部眞也) to Mitsusada Yosuke (光定洋介) following Watanabe Shinya's (渡部眞也) nomination to become representative executive officer and president. - FY2024-Q2Quarterly review following the change in audit firm updatedAnnual report
「64th fiscal year consolidated financial year: KPMG AZSA LLC 65th fiscal year, second quarter consolidated accounting period and cumulative second quarter consolidated accounting period: Deloitte Touche Tohmatsu LLC」
Following the change in audit firm, the disclosure states that Deloitte Touche Tohmatsu LLC conducted a quarterly review of the FY2024-Q2 quarterly consolidated financial statements. - FY2023Chair of the board of directors and executive officer structure updatedAnnual report
「We are a company with a nominating committee, etc., comprising 7 directors, including 4 outside directors, and 7 executive officers, including 2 directors who also serve as executive officers. ... As a general rule, the chair of the board of directors is a director who does not concurrently serve as an executive officer. The position is held by outside director Watanabe Shinya (渡部眞也).」
The disclosure states that the structure separating oversight and execution is maintained, with 7 directors, including 4 outside directors, and 7 executive officers, and that an outside director serves as chair of the board of directors. - FY2021Number of executive officers updatedAnnual report
「We are a company with a nominating committee, etc., comprising 7 directors, including 4 outside directors, and 6 executive officers, including 2 directors who also serve as executive officers.」
While maintaining the separation of oversight and execution and the structure of 7 directors, including 4 outside directors, the number of executive officers has been updated from the 5 previously disclosed to 6. - FY2020Chair of the board of directors and number of executive officers updatedAnnual report
「We are a company with a nominating committee, etc., comprising 7 directors, including 4 outside directors, and 5 executive officers, including 3 directors who also serve as executive officers. ... As a general rule, the chair of the board of directors is a director who does not concurrently serve as an executive officer. The position is held by outside director Yano Tatsushi (矢野達司).」
While maintaining the separation of oversight and execution, the number of executive officers changed from 7 to 5, and the chair of the board of directors changed from Morikawa Michio (森川道男) to outside director Yano Tatsushi (矢野達司). - FY2019Chair of the board of directors updatedAnnual report
「As a general rule, the chair of the board of directors is a director who does not concurrently serve as an executive officer. The position is held by outside director Morikawa Michio (森川道男).」
While maintaining the separation of oversight and execution, the disclosure states that outside director Morikawa Michio (森川道男) serves as chair of the board of directors. - FY2018Number of executive officers updatedAnnual report
「We are a company with a nominating committee, etc., comprising 7 directors, including 4 outside directors, and 7 executive officers, including 2 directors who also serve as executive officers.」
While maintaining the separation of oversight and execution under a company-with-committees structure, the number of executive officers has been updated from 8 to 7. - FY2017RestatedAnnual report
「We are a company with a nominating committee, etc., comprising 7 directors, including 4 outside directors, and 8 executive officers, including 2 directors who also serve as executive officers. ... The board of directors makes important corporate decisions and supervises the executive officers, oversees management, and the executive officers appointed by the board exercise enhanced authority in their respective areas of responsibility to achieve prompt and efficient execution of operations.」
As a company with a nominating committee, etc., the company reiterates its structure separating oversight by the board of directors from the execution of operations by executive officers. - FY2016First statedAnnual report
「We are a company with a nominating committee, etc., comprising 7 directors, including 4 outside directors, and 8 executive officers, including 2 directors who also serve as executive officers. ... The board of directors makes important corporate decisions and supervises the executive officers, oversees management, and the executive officers appointed by the board exercise enhanced authority in their respective areas of responsibility to achieve prompt and efficient execution of operations.」
The disclosure specifically describes a structure separating oversight by the board of directors from the execution of operations by executive officers, with nominating, compensation and audit committees.