Strengthening Objective, Neutral Oversight by Outside Officers
First written in FY2016. 1 of 10 entries say "Restated". Latest entry: FY2026.
60 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As of the date of submission of the Annual Securities Report, 22 June 2026, the Board of Directors comprises 7 members, including 2 outside directors, and the Audit and Supervisory Committee comprises 3 directors, including 2 outside directors. To protect general shareholders, 2 outside directors have been appointed and notified to the Tokyo Stock Exchange as “independent officers” who make management decisions from an objective standpoint independent of management.」
The post-transition structure as a company with an Audit and Supervisory Committee is in operation, providing an objective and impartial oversight structure comprising 7 directors, 3 Audit and Supervisory Committee members and 2 independent officers. - FY2025ReframedAnnual report
「The company plans to submit the following proposals for approval at the Annual General Meeting of Shareholders scheduled for 26 June 2025: “Partial Amendments to the Articles of Incorporation,” “Election of 4 Directors (excluding Directors Who Are Audit and Supervisory Committee Members),” and “Election of 3 Directors Who Are Audit and Supervisory Committee Members.” If these proposals are approved and adopted, the company will have 4 directors excluding Directors Who Are Audit and Supervisory Committee Members and 3 Directors Who Are Audit and Supervisory Committee Members.」
The company plans to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, while maintaining an oversight structure involving outside directors and outside corporate auditors. - FY2024Change of Outside Corporate AuditorAnnual report
「Corporate Auditor Shinohara Atsuko (篠原 敦子) June 2024 Corporate auditor (current) Yamashita Izumi (山下 泉) retired upon the conclusion of the 53rd Annual General Meeting of Shareholders.」
For outside corporate auditors, the position changed from Yamashita Izumi (山下 泉) to Shinohara Atsuko (篠原 敦子). The company continues to have 2 outside corporate auditors and 1 outside director and 2 outside corporate auditors serving as independent officers. - FY2023Decrease in the number of directorsAnnual report
「The company has adopted a corporate auditor system. The Board of Directors comprises 5 members, including 1 outside director, and the Board of Corporate Auditors comprises 3 members, including 2 outside corporate auditors.」
The oversight structure comprising 1 outside director and 2 outside corporate auditors continues, while the number of directors changed from 6 in the previous fiscal year to 5. - FY2021Decrease in the number of directorsAnnual report
「The company has adopted a corporate auditor system. The Board of Directors comprises 6 members, including 1 outside director, and the Board of Corporate Auditors comprises 3 members, including 2 outside corporate auditors.」
The oversight structure comprising 1 outside director and 2 outside corporate auditors continues. The number of directors changed from the 7 stated for the previous fiscal year to 6. - FY2020Increase in the number of directorsAnnual report
「The company has adopted a corporate auditor system. The Board of Directors comprises 7 members, including 1 outside director, and the Board of Corporate Auditors comprises 3 members, including 2 outside corporate auditors.」
The oversight structure comprising 1 outside director and 2 outside corporate auditors continues. The number of directors changed from the 6 stated for the previous fiscal year to 7. - FY2019Decrease in the number of directorsAnnual report
「In addition, we are working to further strengthen our corporate governance framework by introducing an executive officer system under which the Board of Directors oversees the execution of duties by executive officers, and by appointing outside directors. The Board of Directors comprises 6 members, including 1 outside director, and the Board of Corporate Auditors comprises 3 members, including 2 outside corporate auditors.」
The oversight structure comprising an executive officer system, 1 outside director and 2 outside corporate auditors continues. Meanwhile, the number of directors changed from the 7 stated for the previous fiscal year to 6. - FY2018Increase in the number of directorsAnnual report
「In addition, we are working to further strengthen our corporate governance framework by introducing an executive officer system under which the Board of Directors oversees the execution of duties by executive officers, and by appointing outside directors. The Board of Directors comprises 7 members, including 1 outside director, and the Board of Corporate Auditors comprises 3 members, including 2 outside corporate auditors.」
The oversight structure comprising an executive officer system, 1 outside director and 2 outside corporate auditors continues. Meanwhile, the number of directors changed from the 5 stated for the previous fiscal year to 7. - FY2017RestatedAnnual report
「In addition, we are working to further strengthen our corporate governance framework by introducing an executive officer system under which the Board of Directors oversees the execution of duties by executive officers, and by appointing outside directors. The Board of Directors comprises 5 members, including 1 outside director, and the Board of Corporate Auditors comprises 3 members, including 2 outside corporate auditors.」
The company continues to adopt an oversight structure comprising an executive officer system, outside directors and outside corporate auditors. - FY2016First statedAnnual report
「We are working to further strengthen our corporate governance framework by introducing an executive officer system under which the Board of Directors oversees the execution of duties by executive officers, and by appointing outside directors.」
The framework includes 1 outside director and 2 outside corporate auditors, with 1 independent officer appointed from each group.