Strengthening Audit and Oversight Functions and Board Independence
First written in FY2016. 14 of 21 entries say "Restated". Latest entry: 2026-09-30.
- 2026-09-30RestatedGovernance
「9 directors who are not audit and supervisory committee members (including 2 outside directors) / 3 directors who are audit and supervisory committee members (including 3 outside directors)」
The board comprises 12 directors, including 5 outside directors. Including the 3 outside directors on the audit and supervisory committee, the number and composition of independent outside directors have been confirmed to be the same as in the previous disclosure. - FY2026AdvancedAnnual report
「Our Board of Directors comprises 9 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. Of the 12 directors, 5, or 41.7%, are outside directors who are independent officers with no risk of conflicts of interest with general shareholders, as required by the Tokyo Stock Exchange.」
The 12-director structure, including 5 directors, or 41.7%, previously presented as planned, is described as the structure in place as of the filing date. All 3 Audit and Supervisory Committee members are independent outside directors. - FY2025SoftenedAnnual report
「If the proposal is approved as originally submitted, the Board of Directors will comprise 9 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. Of the 12 directors, 5, or 41.7%, will be outside directors who are independent officers designated by the Tokyo Stock Exchange as having no risk of conflicts of interest with general shareholders.」
The number and ratio of independent outside directors are expected to decline from 6 out of 13, or 46.2%, as of the filing date, to 5 out of 12, or 41.7%, if the ordinary general meeting of shareholders approves the proposal. - FY2023AdvancedAnnual report
「The Board of Directors comprises 10 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. Of the 13 directors, 6, or 46.2%, are outside directors who are independent officers designated by the Tokyo Stock Exchange as having no risk of conflicts of interest with general shareholders.」
The number of independent outside directors increased from 5, or 41.7%, in the previous fiscal year to 6, or 46.2%. All 3 members of the Audit and Supervisory Committee are independent outside directors. - FY2022AdvancedAnnual report
「The Board of Directors comprises 9 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. Of the 12 directors, 5, or 41.7%, are outside directors who are independent officers without a risk of conflicts of interest with general shareholders, as required by the Tokyo Stock Exchange. At the 46th Ordinary General Meeting of Shareholders held on 29 September 2022, all members of the Audit and Supervisory Committee were appointed as independent outside directors to further enhance the committee’s independence.」
The Board of Directors will comprise 5 independent outside directors out of 12, or 41.7%, with all members of the Audit and Supervisory Committee being independent outside directors. - FY2021RestatedAnnual report
「The Board of Directors comprises 10 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. Of the 13 directors, 5, or 38.5%, are outside directors who are independent officers without a risk of conflicts of interest with general shareholders, as required by the Tokyo Stock Exchange.」
The Company continues to maintain its structure as a company with an Audit and Supervisory Committee, with 5 independent outside directors out of 13 directors, or 38.5%. - FY2020AdvancedAnnual report
「The Board of Directors comprises 10 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. Of the 13 directors, 5, or 38.5%, are outside directors who are independent officers without a risk of conflicts of interest with general shareholders, as required by the Tokyo Stock Exchange.」
The number of independent outside directors remained at 5, while the total number of directors declined from 14 to 13, updating the ratio from 35.7% to 38.5%. - FY2019RestatedAnnual report
「The Board of Directors comprises 11 directors, excluding directors who are Audit and Supervisory Committee members, and 3 directors who are Audit and Supervisory Committee members. Of the 14 directors, 5, or 35.7%, are outside directors who are independent officers without a risk of conflicts of interest with general shareholders, as required by the Tokyo Stock Exchange.」
The Company continues to maintain its structure as a company with an Audit and Supervisory Committee, with 5 independent outside directors out of 14 directors, or 35.7%. - FY2019-Q3RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 14 directors, 5, or 35.7%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company reaffirms its transition to a company with an Audit and Supervisory Committee and its structure of 5 independent outside directors out of 14 directors, or 35.7%. - FY2019-Q2RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 14 directors, 5, or 35.7%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company continues to describe its transition to a company with an Audit and Supervisory Committee and its structure of 5 independent outside directors out of 14 directors, or 35.7%. - FY2019-Q1RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 14 directors, 5, or 35.7%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company continues to describe its transition to a company with an Audit and Supervisory Committee and its structure of 5 independent outside directors out of 14 directors, or 35.7%. - FY2018AdvancedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 14 directors, 5, or 35.7%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Board of Directors’ structure was updated from 4 independent outside directors out of 12, or 33.3%, to 5 out of 14, or 35.7%. - FY2018-Q2RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 12 directors, 4, or 33.3%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company reiterates its transition to a company with an Audit and Supervisory Committee and its structure of 4 independent outside directors out of 12 directors, or 33.3%. - FY2018-Q1RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 12 directors, 4, or 33.3%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company reiterates its transition to a company with an Audit and Supervisory Committee and its structure of 4 independent outside directors out of 12 directors, or 33.3%. - FY2017RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 12 directors, 4, or 33.3%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company reaffirms its structure as a company with an Audit and Supervisory Committee, with 4 independent outside directors out of 12 directors, or 33.3%. - FY2017-Q3RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 12 directors, 4, or 33.3%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company reiterates its transition to a company with an Audit and Supervisory Committee and its structure of 4 independent outside directors out of 12 directors, or 33.3%. - FY2017-Q2RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 12 directors, 4, or 33.3%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company reiterates its transition to a company with an Audit and Supervisory Committee and its structure of 4 independent outside directors out of 12 directors, or 33.3%. - FY2017-Q1RestatedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 12 directors, 4, or 33.3%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company reiterates its transition to a company with an Audit and Supervisory Committee and its structure of 4 independent outside directors out of 12, or 33.3%. - FY2016First statedAnnual report
「At the 40th Ordinary General Meeting of Shareholders held on 28 September 2016, the Company amended part of its Articles of Incorporation and transitioned to a company with an Audit and Supervisory Committee. Of the 12 directors, 4, or 33.3%, are independent outside directors, further increasing the independence of the Board of Directors.」
The Company transitioned to a company with an Audit and Supervisory Committee on 28 September 2016. Of the 12 directors, 4, or 33.3%, are independent outside directors.