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 will sell strategic shareholdings that are judged to have limited benefits, such as a limited contribution to enhancing corporate value, work to reduce its strategic shareholdings, and retain only the minimum necessary. The number of holdings and their value 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 specific changes from the previous report are stated
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 8 directors in total, including 3 outside directors |
| Number of independent officers | 4 |
| Committee | Voluntary nomination committee (3 outside members out of 4, 75%) and voluntary remuneration committee (3 outside members out of 4, 75%) |
| Policy on cross-shareholdings | The company will sell strategic shareholdings that are judged to have limited benefits, such as a limited contribution to enhancing corporate value, work to reduce its strategic shareholdings, and retain only the minimum necessary. The number of holdings and their value are not disclosed. |
| Takeover defenses | None (not adopted) |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | No specific changes from the previous report are stated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The objectives are to maximize corporate value and shareholder interests, oversee the legality and appropriateness of business execution, and strengthen the management foundation and internal controls.