Appointment of Independent Outside Directors and Faster Decision-Making Through the Executive Officer System
First written in FY2016. 21 of 30 entries say "Restated". Latest entry: 2026-06-24.
- 2026-06-24RestatedGovernance
「9 directors (including 4 outside directors)」
The corporate governance report reiterates a structure of 9 directors, including 4 outside directors, together with the directors’ skills matrix. The original canonical thread remains unchanged. - FY2026Updated the board and audit structureAnnual report
「To further strengthen independence in the audit structure, the Company will not appoint a successor to 1 full-time Audit & Supervisory Board member whose term will end upon the conclusion of the Annual General Meeting of Shareholders scheduled for 24 June 2026. From 24 June 2026 onward, the Audit & Supervisory Board will comprise 3 members: 1 full-time member and 2 part-time outside members.」
While showing a structure of 9 directors and 4 outside directors, the Company indicated that after the Annual General Meeting of Shareholders, the number of Audit & Supervisory Board members would be reduced from 4 to 3 and that an independent audit staff structure would be put in place. - FY2024-Q3RestatedAnnual report
「To strengthen its management and corporate governance structures, the Company increased the number of directors from 8 to 9 at the June 2020 General Meeting of Shareholders and increased the number of outside directors from 2 to 4, including 3 independent outside directors. As a result, independent outside directors account for one-third of the Board of Directors. In December 2021, the Company also revised its Corporate Governance Guidelines to stipulate that independent outside directors must account for one-third or more of the Board of Directors.」
The Company restated its structure of 9 directors and 4 outside directors, including 3 independent outside directors, with independent outside directors accounting for one-third or more of the Board of Directors. - FY2024-Q2RestatedAnnual report
「To strengthen its management and corporate governance structures, the Company increased the number of directors from 8 to 9 at the June 2020 General Meeting of Shareholders and increased the number of outside directors from 2 to 4, including 3 independent outside directors. As a result, independent outside directors account for one-third of the Board of Directors. In December 2021, the Company also revised its Corporate Governance Guidelines to stipulate that independent outside directors must account for one-third or more of the Board of Directors.」
The Company restated its structure of 9 directors and 4 outside directors, including 3 independent outside directors, with independent outside directors accounting for one-third or more of the Board of Directors. - FY2024-Q1RestatedAnnual report
「To strengthen its management and corporate governance structures, the Company increased the number of directors from 8 to 9 at the June 2020 General Meeting of Shareholders and increased the number of outside directors from 2 to 4, including 3 independent outside directors. As a result, independent outside directors account for one-third of the Board of Directors. In December 2021, the Company also revised its Corporate Governance Guidelines to stipulate that independent outside directors must account for one-third or more of the Board of Directors.」
The Company restated its structure of 9 directors and 4 outside directors, including 3 independent outside directors, with independent outside directors accounting for one-third or more of the Board of Directors. - FY2023-Q3RestatedAnnual report
「To strengthen its management and corporate governance structures, the Company increased the number of directors from 8 to 9 at the June 2020 General Meeting of Shareholders and increased the number of outside directors from 2 to 4, including 3 independent outside directors. As a result, independent outside directors account for one-third of the Board of Directors. In December 2021, the Company also revised its Corporate Governance Guidelines to stipulate that independent outside directors must account for one-third or more of the Board of Directors.」
The Company restated its structure of 9 directors and 4 outside directors, including 3 independent outside directors, with independent outside directors accounting for one-third or more of the Board of Directors. - FY2023-Q2RestatedAnnual report
「To strengthen its management and corporate governance structures, the Company increased the number of directors from 8 to 9 at the June 2020 General Meeting of Shareholders and increased the number of outside directors from 2 to 4, including 3 independent outside directors. As a result, independent outside directors account for one-third of the Board of Directors. In December 2021, the Company also revised its Corporate Governance Guidelines to stipulate that independent outside directors must account for one-third or more of the Board of Directors.」
The Company restated its structure of 9 directors and 4 outside directors, including 3 independent outside directors, with independent outside directors accounting for one-third or more of the Board of Directors. - FY2023-Q1RestatedAnnual report
「To strengthen its management and corporate governance structures, the Company increased the number of directors from 8 to 9 at the June 2020 General Meeting of Shareholders and increased the number of outside directors from 2 to 4, including 3 independent outside directors. As a result, independent outside directors account for one-third of the Board of Directors. In December 2021, the Company also revised its Corporate Governance Guidelines to stipulate that independent outside directors must account for one-third or more of the Board of Directors.」
The Company restated its structure of 9 directors and 4 outside directors, including 3 independent outside directors, with independent outside directors accounting for one-third or more of the Board of Directors. - FY2022AdvancedAnnual report
「As a result, independent outside directors account for one-third of the Board of Directors. In December 2021, the Company also revised its Corporate Governance Guidelines to stipulate that independent outside directors must account for one-third or more of the Board of Directors.」
Independent outside directors account for one-third of the Board of Directors, and the Corporate Governance Guidelines were revised in December 2021 to explicitly require a ratio of one-third or more. - FY2022-Q3RestatedAnnual report
「To respond rapidly to major changes in the business environment, clarify responsibilities and ensure agility, the Company substantially reduced the number of directors at the June 2011 General Meeting of Shareholders and introduced an executive officer system to accelerate decision-making concerning business execution. Of the 8 directors, 2 are independent outside directors.」
The Company restated its policy of accelerating decision-making through the executive officer system and its oversight structure of 2 independent outside directors among 8 directors. - FY2022-Q2RestatedAnnual report
「To respond rapidly to major changes in the business environment, clarify responsibilities and ensure agility, the Company substantially reduced the number of directors at the June 2011 General Meeting of Shareholders and introduced an executive officer system to accelerate decision-making concerning business execution. Of the 8 directors, 2 are independent outside directors.」
The Company restated its policy of accelerating decision-making through the executive officer system and its structure of 2 independent outside directors among 8 directors. - FY2022-Q1Updated the number of officers and outside directorsAnnual report
「To respond rapidly to major changes in the business environment, clarify responsibilities and ensure agility, the Company substantially reduced the number of directors at the June 2011 General Meeting of Shareholders and introduced an executive officer system to accelerate decision-making concerning business execution. Of the 8 directors, 2 are independent outside directors.」
This quarterly securities report states that 2 of the 8 directors are independent outside directors, differing from the previous year's securities report, which stated 9 directors and 4 outside directors. The policy of accelerating decision-making through the executive officer system remains in place. - FY2021AdvancedAnnual report
「The Company has 9 directors and has appointed 4 outside directors with extensive experience to strengthen its corporate governance structure. It is working to accelerate decision-making and clarify responsibilities by more clearly separating the Board of Directors' decision-making and oversight functions from business execution, and by appointing directors who also serve as heads of business execution as executive officers.」
The section on the Company's corporate bodies describes a structure with 9 directors and 4 outside directors, and provides greater detail on the previously described separation of the Board of Directors from business execution. - FY2021-Q3RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise, oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors, oversee conflicts of interest, and appropriately reflect stakeholder views in Board of Directors deliberations.」
The Company restated the Board of Directors' oversight structure and role, including 2 independent outside directors. - FY2021-Q2RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise, oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors, oversee conflicts of interest, and appropriately reflect stakeholder views in Board of Directors deliberations.」
The Company restated the Board of Directors' oversight structure and role, including 2 independent outside directors. - FY2020-Q1RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise, oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors, oversee conflicts of interest, and appropriately reflect stakeholder views in Board of Directors deliberations.」
The Company reconfirmed the Board of Directors' oversight structure, including 2 independent outside directors, and its executive officer system to ensure agility. - FY2019AdvancedAnnual report
「In addition, the Company established a Nomination and Compensation Council comprising 2 representative directors and 2 independent outside directors to strengthen the fairness, transparency and objectivity of procedures concerning the nomination and compensation of directors. It also established a Corporate Governance Council comprising all directors and Audit & Supervisory Board members」
In addition to its structure comprising 2 independent outside directors and an executive officer system, the Company has established a Nomination and Compensation Council and a Corporate Governance Council. - FY2019-Q3RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise, oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors, oversee conflicts of interest, and appropriately reflect stakeholder views in Board of Directors deliberations.」
The Company restated the Board of Directors' oversight structure, including 2 independent outside directors, and their roles. - FY2019-Q2RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise, oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors, oversee conflicts of interest, and appropriately reflect stakeholder views in Board of Directors deliberations.」
The Company restated the Board of Directors' oversight structure, including 2 independent outside directors, and their roles. - FY2018RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise, oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors, oversee conflicts of interest, and appropriately reflect stakeholder views in Board of Directors deliberations.」
The Company reconfirmed its oversight structure, including 2 independent outside directors, and its executive officer system to accelerate decision-making and clarify responsibilities. - FY2018-Q3RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise, oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors, oversee conflicts of interest, and appropriately reflect stakeholder views in Board of Directors deliberations.」
The Company restated its oversight structure, including 2 independent outside directors among 8 directors, and their roles. - FY2018-Q2RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise and oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors.」
The Company restated its oversight structure, including 2 independent outside directors among 8 directors, and the acceleration of decision-making through its executive officer system. - FY2017-Q3RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise and oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors.」
The Company restated its oversight structure, including 2 independent outside directors among 8 directors, and their roles. - FY2017-Q2RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise and oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors.」
The Company restated its oversight structure, including 2 independent outside directors among 8 directors, and its executive officer system to ensure agility. - FY2017-Q1RestatedAnnual report
「Of the 8 directors, 2 are independent outside directors. The Company believes that one of the primary roles of independent outside directors is to provide advice based on their expertise and oversee management through the appointment and dismissal of senior management and other important decisions by the Board of Directors.」
The Company restated its oversight structure, including 2 independent outside directors among 8 directors, and its executive officer system to ensure agility. - FY2016First statedAnnual report
「At the 143rd Annual General Meeting of Shareholders and the Board of Directors meeting held on 25 June 2015, the Company increased the number of directors from 7 to 8 and appointed 2 highly independent outside directors with extensive experience, with the aim of further strengthening its corporate governance structure. The Company is also working to accelerate decision-making and clarify responsibilities by more clearly separating the Board of Directors' decision-making and oversight functions from business execution, and by newly appointing directors who also serve as heads of business execution as executive officers.」
The Company is separating the Board of Directors' oversight function from business execution and is working to accelerate decision-making and clarify responsibilities through a structure including 2 independent outside directors.