Governance structure
Company with an Audit & Supervisory BoardWhen 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 shares that it determines to be necessary as a matter of policy for business continuity and the enhancement of corporate value over the medium to long term, taking into comprehensive consideration their importance to business strategy and business relationships with business partners. If it determines that continued ownership is no longer necessary, it will consider selling the shares. The company sold 1 holding in September 2021.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Yes. The renewal plan approved at the 18th Annual General Meeting of Shareholders held on 27 March 2020 remains in effect.
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The report does not specify any changes from the previous report.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 7 directors (including 3 outside directors) |
| Number of independent officers | 5 |
| Committee | Nomination and Compensation Advisory Committee: 2 outside members out of 3 total (66.7%) |
| Policy on cross-shareholdings | The company holds shares that it determines to be necessary as a matter of policy for business continuity and the enhancement of corporate value over the medium to long term, taking into comprehensive consideration their importance to business strategy and business relationships with business partners. If it determines that continued ownership is no longer necessary, it will consider selling the shares. The company sold 1 holding in September 2021. |
| Takeover defenses | Yes. The renewal plan approved at the 18th Annual General Meeting of Shareholders held on 27 March 2020 remains in effect. |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | The report does not specify any changes from the previous report. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To enhance management objectivity and transparency and to strengthen and improve the effectiveness of the corporate governance system.