Governance structure
Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors)Subject to approval at the 77th Ordinary General Meeting of Shareholders scheduled for late March 2027, the company resolved to transition from a company with a board of corporate auditors to a company with an audit and supervisory committee. It plans to establish an audit and supervisory committee in which outside directors will constitute a majority, and to delegate some decisions on important business execution to executive directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors) |
| Committee | Established nomination and compensation committees as voluntary advisory bodies. The proportion of outside members is Not disclosed. Outside directors are expected to constitute a majority of the audit and supervisory committee. |
| Changes this time | Subject to approval at the 77th Ordinary General Meeting of Shareholders scheduled for late March 2027, the company resolved to transition from a company with a board of corporate auditors to a company with an audit and supervisory committee. It plans to establish an audit and supervisory committee in which outside directors will constitute a majority, and to delegate some decisions on important business execution to executive directors. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To clarify the respective roles of execution and oversight, achieve both faster management decision-making and stronger oversight by the Board of Directors, and enhance deliberations on medium- to long-term management strategy and the enhancement of corporate value.