Oversight Function Centered on the Board of Corporate Auditors and Non-Appointment of Outside Directors
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 15 of 102 companies on the "Worse" side.
- FY2026RestatedAnnual report
「There are 12 directors, of whom 2 are outside directors. There are 4 corporate auditors, of whom 3 are outside corporate auditors.」
The company continues its oversight and auditing structure, including 2 outside directors and 3 outside corporate auditors. - FY2022AdvancedAnnual report
「As of the date of filing the Securities Report, we had appointed 2 outside directors, Toshio Sayama (佐山利夫) and Shigehumi Hida (飛田成史).」
The number of outside directors increased from 1 in the previous fiscal year to 2, with Toshio Sayama (佐山利夫) and Shigehumi Hida (飛田成史) appointed as independent officers. - FY2021RestatedAnnual report
「As of the date of filing the Securities Report, we had appointed 1 outside director, Toshio Sayama (佐山利夫). Mr. Sayama has extensive experience and broad knowledge of corporate management, and is expected to contribute to the company's future growth, enhancement of corporate value, and stronger corporate governance by overseeing and advising management from an independent standpoint as an outside director.」
The company continues the structure of having 1 outside director introduced in the previous fiscal year and describes expectations for oversight and advice from an independent standpoint. - FY2020ReframedAnnual report
「As of the date of filing the Securities Report, we had appointed 1 outside director, Toshio Sayama (佐山利夫). Mr. Sayama has extensive experience and broad knowledge of corporate management, and is expected to contribute to the company's future growth, enhancement of corporate value, and stronger corporate governance by overseeing and advising management from an independent standpoint as an outside director.」
The structure changed from having no outside directors through the previous fiscal year to appointing 1 outside director designated as an independent officer. Oversight and advice from an outside director have been added to the previous explanation centred on the Board of Corporate Auditors. - FY2019RestatedAnnual report
「As of the date of filing the Securities Report, we had not appointed any outside directors. Instead, our management structure enables the Board of Directors to make prompt and accurate decisions and execute business operations, while the Board of Corporate Auditors, consisting of 3 outside corporate auditors, including 3 independent officers, and 1 full-time corporate auditor, monitors the Board of Directors' decision-making and execution of business operations from an independent and impartial standpoint.」
The company continues its structure of having no outside directors, with the Board of Corporate Auditors, including 3 outside corporate auditors, monitoring the Board of Directors. - FY2018RestatedAnnual report
「We have not appointed any outside directors. At present, however, it is difficult to identify capable candidates for outside director positions, and the reality is that we have been unable to find suitable candidates. In these circumstances, rather than rushing to appoint outside directors merely as a formality when no suitable candidates have been found, we believe that, for the time being, it is preferable to strengthen the Board of Directors' oversight function by further enhancing the auditing function of the Board of Corporate Auditors under the current management structure, thereby promoting the growth of our business and, ultimately, enhancing corporate value.」
The company continues its structure of having no outside directors and strengthening the auditing function of the Board of Corporate Auditors, which includes 3 outside corporate auditors. - FY2016First statedAnnual report
「We have not appointed any outside directors. At present, however, it is difficult to identify capable candidates for outside director positions, and the reality is that we have been unable to find suitable candidates. In these circumstances, rather than rushing to appoint outside directors merely as a formality when no suitable candidates have been found, we believe that, for the time being, it is preferable to strengthen the Board of Directors' oversight function by further enhancing the auditing function of the Board of Corporate Auditors under the current management structure, thereby promoting the growth of our business and, ultimately, enhancing corporate value.」
The company has adopted a structure under which it has no outside directors and strengthens the auditing function of the Board of Corporate Auditors, which includes 3 outside corporate auditors.