Governance structure
Company with an Audit and Supervisory CommitteeWhen 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 company holds policy-related shareholdings and regularly and continuously verifies their rationale each year by comparing the transaction status of individual holdings, returns and risks such as dividends received, and the cost of capital. Where the rationale is not recognized, the company will proceed with reducing its holdings. The number and value of holdings are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
None (not adopted)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
No concrete changes from the previous report are stated
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 9 (including 4 outside directors) |
| Number of independent officers | 4 |
| Committee | Nomination and Compensation Committee: 4 outside directors out of 6 members (66.7% outside directors). Audit and Supervisory Committee: 4 outside directors out of 5 members (80% outside directors). The company also has an Information Management Committee and a Sustainability Committee. |
| Policy on cross-shareholdings | The company holds policy-related shareholdings and regularly and continuously verifies their rationale each year by comparing the transaction status of individual holdings, returns and risks such as dividends received, and the cost of capital. Where the rationale is not recognized, the company will proceed with reducing its holdings. The number and value of holdings are not disclosed. |
| Takeover defenses | None (not adopted) |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | No concrete changes from the previous report are stated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company updates the report to disclose its annual evaluation of the effectiveness of the Board of Directors, its governance status, and various policies.