Separating oversight and execution through an audit and supervisory committee company structure and an executive officer system
First written in FY2016. 3 of 8 entries say "Restated". Latest entry: FY2025.
- FY2025Decline in the number of executive officers concurrently serving as directors and changes in the Audit and Supervisory Committee compositionAnnual report
「The Company is a company with an Audit and Supervisory Committee. The prescribed number of directors who are Audit and Supervisory Committee members is no more than 7. As of the date of submission of the annual securities report, 26 June 2025, the Audit and Supervisory Committee consisted of 6 directors who were Audit and Supervisory Committee members, including 5 outside directors. The chair was a full-time director who was an Audit and Supervisory Committee member.」
The number of Audit and Supervisory Committee members decreased from 7 to 6, and the number of outside directors decreased from 6 to 5. In addition, the number of executive officers concurrently serving as directors decreased from 7 to 5 out of 20 executive officers, changing the composition of the structure. - FY2024Expansion and changes in the composition of the director and executive officer structureAnnual report
「The Company has adopted an executive officer system, under which 7 of its 20 executive officers concurrently serve as directors.」
The number of executive officers increased from 15 in the previous disclosure to 20, while the number concurrently serving as directors decreased from 8 to 7. The number of directors who are Audit and Supervisory Committee members increased to 7, including 6 outside directors, and the Nomination and Compensation Advisory Committee now consists of 4 members. - FY2023RestatedAnnual report
「The Company has adopted an executive officer system, under which 8 of its 15 executive officers concurrently serve as directors.」
The framework separating oversight from execution through a company with an Audit and Supervisory Committee, an executive officer system, a Management Committee, and a Nomination and Compensation Advisory Committee continues. There are 15 executive officers, 8 of whom concurrently serve as directors. - FY2022Decrease in executive officersAnnual report
「The Company has adopted an executive officer system, under which 8 of its 15 executive officers concurrently serve as directors.」
The framework separating oversight from execution through a company with an Audit and Supervisory Committee, an executive officer system, a Management Committee, and a Nomination and Compensation Advisory Committee continues. The number of executive officers has decreased from 17 in the previous disclosure to 15. - FY2021AdvancedAnnual report
「The Company has adopted an executive officer system, under which 8 of its 17 executive officers concurrently serve as directors. In addition, the Company has a Management Committee, which complements the functions of the Board of Directors and consists of directors responsible for business execution, full-time directors who are Audit and Supervisory Committee members, and executive officers, including heads of divisions.」
The Company discloses a governance structure including a company with an Audit and Supervisory Committee, 17 executive officers, a Management Committee, and a Nomination and Compensation Advisory Committee. - FY2018RestatedAnnual report
「The Company is a company with an Audit and Supervisory Committee. The prescribed number of directors who are Audit and Supervisory Committee members is no more than 5. As of the date of submission of the annual securities report, 28 June 2018, the Audit and Supervisory Committee consisted of 5 directors who were Audit and Supervisory Committee members, including 4 outside directors.」
The Company continues to operate as a company with an Audit and Supervisory Committee and maintain its executive officer system, continuing to cite stronger oversight, greater transparency and the separation of oversight from business execution as the reasons for the structure. - FY2017RestatedAnnual report
「The reason for adopting this structure is that establishing an Audit and Supervisory Committee with voting rights at meetings of the Board of Directors and composed of Audit and Supervisory Committee members, a majority of whom are outside directors, strengthens the Board of Directors' oversight function and ensures management transparency. The structure also separates oversight from business execution and enables swift decision-making.」
The Company continues to operate as a company with an Audit and Supervisory Committee and maintain its executive officer system. It has 5 Audit and Supervisory Committee members, including 4 outside directors, and 14 executive officers, citing stronger oversight and faster business execution as the reasons for the structure. - FY2016First statedAnnual report
「The Company is a company with an Audit and Supervisory Committee. The prescribed number of directors who are Audit and Supervisory Committee members is no more than 5. As of the date of submission of the annual securities report, 29 June 2016, the Audit and Supervisory Committee consisted of 5 directors who were Audit and Supervisory Committee members, including 4 outside directors.」
The Company describes a structure designed to strengthen the Board of Directors' oversight function and enable swift decision-making through the transition to a company with an Audit and Supervisory Committee, an Audit and Supervisory Committee including outside directors, and an executive officer system.