Governance structure
Company with an Audit & Supervisory BoardFrom fiscal 2026, the Company established an SAB. It divided executive officers into corporate executive officers and business executive officers and redefined their roles and responsibilities. It reviewed the evaluation and appointment and dismissal processes for the CEO and executive officers, revised the executive compensation system, and introduced RSUs for directors. It also revised the PSU performance metrics to 100% relative TSR (versus TOPIX), with an adjustment factor based on ESG targets.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Committee | Nomination Committee (chaired by an independent outside director, with a majority of members being independent outside directors); Compensation Committee (chaired by an independent outside director, with all members being independent outside directors) |
| Changes this time | From fiscal 2026, the Company established an SAB. It divided executive officers into corporate executive officers and business executive officers and redefined their roles and responsibilities. It reviewed the evaluation and appointment and dismissal processes for the CEO and executive officers, revised the executive compensation system, and introduced RSUs for directors. It also revised the PSU performance metrics to 100% relative TSR (versus TOPIX), with an adjustment factor based on ESG targets. |
Items this document does not state (5)
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 strengthen the execution of the medium-term management strategy, enhance corporate and shareholder value, improve management transparency and objectivity, increase profitability, and reinforce global governance. With respect to the compensation system, the aim is to improve alignment with shareholder value and strengthen pay-for-performance based on feedback from the capital markets.