Management oversight by the Board of Directors and Audit & Supervisory Board
First written in FY2016. 3 of 9 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The company has adopted the Audit & Supervisory Committee system. The Board of Directors consists of 10 members, including 4 Audit & Supervisory Committee members, and generally meets once a month as the body responsible for confirming and making management decisions. The Audit & Supervisory Committee consists of 4 members, all of whom are outside directors.」
The company continues to operate under the Audit & Supervisory Committee system, with a 10-member Board of Directors and all 4 Audit & Supervisory Committee members serving as outside directors. - FY2025Updated the Board of Directors composition and audit structureAnnual report
「The company has adopted the Audit & Supervisory Committee system. The Board of Directors consists of 10 members, including 4 Audit & Supervisory Committee members, and generally meets once a month as the body responsible for confirming and making management decisions. The Audit & Supervisory Committee consists of 4 members, all of whom are outside directors.」
The Board of Directors increased from the 8 members reported previously to 10, with all 4 Audit & Supervisory Committee members serving as outside directors. The Audit & Supervisory Committee met 16 times during the fiscal year, while the Board of Directors met 15 times. - FY2023Board composition updatedAnnual report
「The company has adopted the Audit & Supervisory Committee system. The Board of Directors consists of 8 members, including 4 Audit & Supervisory Committee members, and generally meets once a month as the body responsible for confirming and making management decisions. The Audit & Supervisory Committee consists of 4 members, all of whom are outside directors.」
The company continues to use the Audit & Supervisory Committee system, but the Board of Directors was reduced from the 10 members reported previously to 8, with all 4 Audit & Supervisory Committee members serving as outside directors. - FY2021RestatedAnnual report
「The company has adopted the Audit & Supervisory Committee system. The Board of Directors consists of 10 members, including 4 Audit & Supervisory Committee members, and generally meets once a month as the body responsible for confirming and making management decisions. The Audit & Supervisory Committee consists of 4 members, all of whom are outside directors. The Audit & Supervisory Committee members attend meetings of the Board of Directors and other important meetings, and audit the legality and appropriateness of the directors' execution of their duties from an objective and impartial standpoint.」
The company continues to maintain a monitoring structure under the Audit & Supervisory Committee system, comprising a 10-member Board of Directors and an Audit & Supervisory Committee consisting of 4 outside directors. - FY2020ReframedAnnual report
「The company has adopted the Audit & Supervisory Committee system. The Board of Directors consists of 9 members, including 4 Audit & Supervisory Committee members, and the Audit & Supervisory Committee consists of 4 members, all of whom are outside directors.」
The company moved from its previous structure centered on the Board of Directors and Audit & Supervisory Board to the Audit & Supervisory Committee system, establishing a structure comprising a 9-member Board of Directors and an Audit & Supervisory Committee consisting of 4 outside directors. - FY2019ReframedAnnual report
「The Board of Directors consists of 6 members and, as the body responsible for confirming and making management decisions, generally meets once a month. From the standpoint of external oversight, 2 outside directors and 2 outside Audit & Supervisory Board members attend Board meetings, hear reports on the company's operations and the execution of duties from each director, and express opinions as necessary. We therefore believe that the structure provides fully functional external monitoring and supervision.」
The company specified a 6-member Board of Directors and external oversight by 2 outside directors and 2 outside Audit & Supervisory Board members. - FY2018AdvancedAnnual report
「The Board of Directors consists of 7 members and, as the body responsible for confirming and making management decisions, generally meets once a month. The Audit & Supervisory Board consists of 3 members, comprising 1 full-time and 2 part-time members. The full-time Audit & Supervisory Board member attends meetings of the Board of Directors and other important meetings, and audits the legality and appropriateness of the directors' execution of their duties from an objective and impartial standpoint.」
The company described in specific terms its monitoring structure, centered on a 7-member Board of Directors and a 3-member Audit & Supervisory Board, including the attendance of Audit & Supervisory Board members at Board and other important meetings. - FY2017RestatedAnnual report
「We believe that, at present, the appropriate governance structure for pursuing efficient management while ensuring that management oversight functions properly is one based on a Board of Directors of an appropriate size consisting of inside directors who are familiar with the business, together with an enhanced management oversight structure provided by an Audit & Supervisory Board in which outside members constitute a majority.」
The company continues to believe that an arrangement centered on a Board of Directors consisting mainly of inside directors and an Audit & Supervisory Board in which outside members constitute a majority is appropriate. - FY2016First statedAnnual report
「We believe that, at present, the appropriate governance structure for pursuing efficient management while ensuring that management oversight functions properly is one based on a Board of Directors of an appropriate size consisting of inside directors who are familiar with the business, together with an enhanced management oversight structure provided by an Audit & Supervisory Board in which outside members constitute a majority.」
The company cites as the reason for its adoption a monitoring structure centered on a Board of Directors consisting mainly of inside directors and an Audit & Supervisory Board in which outside Audit & Supervisory Board members constitute a majority.