Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 8 of 15 entries say "Advanced", first in FY2021. Latest entry: 2026-10-09.
- FY2026AdvancedAnnual report
「The Board of Directors comprises 16 directors, including 6 independent outside directors. During the fiscal year, discussions focused in particular on the policy for returning profits to shareholders and the strategic use of the integrated report.」
The Board of Directors comprises 16 directors, including 6 independent outside directors. During the fiscal year, the policy for returning profits to shareholders and the strategic use of the integrated report were treated as priority agenda items. - FY2025AdvancedAnnual report
「Following a resolution of the extraordinary Board of Directors meeting held on 26 June 2024, the former Nomination Advisory Committee and Compensation Advisory Committee were consolidated, and a Nomination and Compensation Advisory Committee was established as a voluntary advisory body.」
The former Nomination Advisory Committee and Compensation Advisory Committee were consolidated in June 2024, and a Nomination and Compensation Advisory Committee was established. Independent outside directors constitute a majority of the committee, which is chaired by an independent outside director. - FY2024AdvancedAnnual report
「During the fiscal year, discussions focused in particular on reviewing the process for evaluating the effectiveness of the Board of Directors and the role the Board should fulfill.」
As part of its activities, the Board of Directors focused on reviewing the effectiveness evaluation process and discussing the role of the Board. - FY2023AdvancedAnnual report
「During the fiscal year, particular focus was placed on discussions of sustainability initiatives, investments in overseas companies and major capital expenditures, issues relating to conflicts of interest and related-party transactions, and the delegation of authority for job-related approvals to enable faster decision-making and more efficient management.」
As part of its annual activities, the Board of Directors treated sustainability, overseas investments, major capital expenditures, conflicts of interest, and the delegation of approval authority as priority agenda items. - FY2022AdvancedAnnual report
「The company has chosen a Company with an Audit and Supervisory Committee as its corporate structure under the Companies Act. The Audit and Supervisory Committee, composed of 6 independent outside directors, oversees management and works to achieve highly transparent management. The Board of Directors comprises 17 directors, including 6 outside directors who are Audit and Supervisory Committee members.」
The number of outside directors on the Audit and Supervisory Committee increased from 5 to 6. The Board of Directors comprises 17 directors, including 6 outside directors who are Audit and Supervisory Committee members. - FY2021AdvancedAnnual report
「The Board of Directors comprises 18 directors, including 5 outside directors who are Audit and Supervisory Committee members, and is chaired by Representative Director and President Sato Morimasa (佐藤守正). In addition, the company has established Nomination Advisory and Compensation Advisory Committees as voluntary advisory bodies, each chaired by an independent outside director.」
The operating structure of the Company with an Audit and Supervisory Committee is described as comprising 18 directors, including 5 outside directors who are Audit and Supervisory Committee members, with Nomination Advisory and Compensation Advisory Committees chaired by independent outside directors. - FY2020RestatedAnnual report
「The company has chosen a Company with an Audit and Supervisory Committee as its corporate structure under the Companies Act. The Audit and Supervisory Committee, composed of a majority of outside directors, oversees management and works to achieve highly transparent management.」
The company has reconfirmed its policy of operating as a Company with an Audit and Supervisory Committee, oversight of management by outside directors, and ensuring transparency. - FY2019RestatedAnnual report
「The company has adopted a Company with an Audit and Supervisory Committee to further separate execution from supervision, improve the speed and flexibility of decision-making in business execution, and strengthen oversight of business execution, thereby enabling the Board of Directors to fulfill its high level of accountability and achieve sustainable growth and enhanced corporate value over the medium to long term.」
The company has reconfirmed the purpose of achieving faster decision-making and stronger oversight through a Company with an Audit and Supervisory Committee. - FY2018RestatedAnnual report
「The company has adopted a Company with an Audit and Supervisory Committee to further separate execution from supervision, improve the speed and flexibility of decision-making in business execution, and strengthen oversight of business execution, thereby enabling the Board of Directors to fulfill its high level of accountability and achieve sustainable growth and enhanced corporate value over the medium to long term.」
The company has reconfirmed the purpose of achieving faster decision-making and stronger oversight through a Company with an Audit and Supervisory Committee. - FY2017RestatedAnnual report
「The company has chosen a Company with an Audit and Supervisory Committee as its corporate structure under the Companies Act. The Audit and Supervisory Committee, composed of a majority of outside directors, oversees management and works to achieve highly transparent management. The committee ensures independence from executive officers, and directors who are Audit and Supervisory Committee members have voting rights at Board of Directors meetings, strengthening audit and supervisory functions.」
The company has reconfirmed its corporate structure following the transition to a Company with an Audit and Supervisory Committee and the oversight function of outside directors. - FY2016First statedAnnual report
「At the 54th Annual General Meeting of Shareholders held on 28 June 2016, a resolution was passed to amend part of the Articles of Incorporation, primarily to transition to a Company with an Audit and Supervisory Committee, established under the Act Partially Amending the Companies Act, which took effect on 1 May 2015. Accordingly, the company transitioned on that date from a Company with a Board of Company Auditors to a Company with an Audit and Supervisory Committee.」
The company transitioned from a Company with a Board of Company Auditors to a Company with an Audit and Supervisory Committee. The stated purpose was to strengthen governance to achieve sustainable growth and enhance corporate value over the medium to long term.