Governance structure
Company with an Audit and Supervisory CommitteeWhen 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.
The basic policy is to reduce cross-shareholdings. Each fiscal year, the Board of Directors conducts a comprehensive review of each holding, considering the appropriateness of its purpose, profitability in light of the cost of capital, share price performance, and the maintenance and strengthening of relationships, and discloses the details of the review. The number and value of holdings are not stated.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Article 10, “Sustainability,” was revised. No other changes are stated.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 14 or fewer (more than half must be outside directors) |
| Committee | Audit & Supervisory Committee (a majority of outside members); Nomination and Compensation Committee (a majority of independent outside directors) |
| Policy on cross-shareholdings | The basic policy is to reduce cross-shareholdings. Each fiscal year, the Board of Directors conducts a comprehensive review of each holding, considering the appropriateness of its purpose, profitability in light of the cost of capital, share price performance, and the maintenance and strengthening of relationships, and discloses the details of the review. The number and value of holdings are not stated. |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | Article 10, “Sustainability,” was revised. No other changes are stated. |
Items this document does not state (2)
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.The sustainability guidelines were revised. No specific reason for the revision is stated.