Governance structure
Company with Three CommitteesWhen 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 Board of Directors comprehensively assesses the benefits, risks and other factors associated with holding strategic shareholdings and verifies the appropriateness of holding each issue individually. The Company is proceeding with the sale of shares for which there is no rational basis for continued ownership. The portfolio was reduced from 64 issues worth ¥68 billion at the end of March 2016 to 6 issues worth ¥500 million at the end of March 2025.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not adopted
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
Ishino Hiroshi (石野 博) was newly appointed as one of the 8 outside directors. The material issues were also reorganized from 25 to 24 in April 2025.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Committees |
| Number of directors | 11 directors in total, including 8 outside directors |
| Number of independent officers | 8 independent officers |
| Committee | Nominating Committee (100% outside members), Compensation Committee (100% outside members), Audit Committee (approximately 66.7% outside members), and Innovation & Safety (I&S) Committee (composed of outside directors) |
| Policy on cross-shareholdings | The Board of Directors comprehensively assesses the benefits, risks and other factors associated with holding strategic shareholdings and verifies the appropriateness of holding each issue individually. The Company is proceeding with the sale of shares for which there is no rational basis for continued ownership. The portfolio was reduced from 64 issues worth ¥68 billion at the end of March 2016 to 6 issues worth ¥500 million at the end of March 2025. |
| Takeover defenses | Not adopted |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | Ishino Hiroshi (石野 博) was newly appointed as one of the 8 outside directors. The material issues were also reorganized from 25 to 24 in April 2025. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.This was a routine update to the report. The stated governance objectives are to separate management oversight from execution, accelerate decision-making, strengthen governance, and improve transparency. With respect to strategic shareholdings, the policy is to assess the benefits and risks of holding them comprehensively and sell shares for which there is no rational basis for continued ownership.