Accelerating decision-making and strengthening oversight through the separation of company-wide management and business execution
First written in FY2016. 8 of 11 entries say "Advanced", first in FY2017. Latest entry: 2026-06-25.
- 2026-06-25AdvancedGovernance
「Through a Board of Directors whose members possess diverse expertise and extensive experience, as well as diversity in areas such as gender and international background, we have established a structure capable of responding flexibly to changes in various business environments.」
Specified a structure supporting the Board of Directors’ oversight and decision-making by organizing the expertise and diversity of directors and Audit & Supervisory Board members in a skills matrix. - FY2026AdvancedAnnual report
「As of the filing date, 18 June 2026, the company has 9 directors, 4 of whom are outside directors. The company has proposed the election of 10 directors as an agenda item for the 105th Annual General Meeting of Shareholders scheduled for 23 June 2026. If the proposal is approved, the company will have 10 directors, including 5 outside directors.」
The proposed Board of Directors' composition would change from the current 9 members, including 4 outside directors, to 10 members, including 5 outside directors, following shareholder approval. The company is also continuing its policy of separating oversight from execution and having executive officers manage the divisions. - 2026-05-28AdvancedGeneral Meetings of Shareholders
「To further strengthen our management structure, we would like to increase the number of directors by 1 and ask shareholders to elect 10 directors.」
Outlined a policy to increase the Board of Directors from 9 to 10 members. The Nomination Committee and Compensation Committee are also expected to comprise 6 members, including 4 independent outside directors, with independent outside directors forming a majority. - FY2024AdvancedAnnual report
「The company has 8 directors, 4 of whom are outside directors. Executive officers serve as the CEOs of each sales division, enabling fast-paced management closely connected to operations.」
The company presented a new organizational structure with divisional CEOs for its 8 sales divisions, while maintaining 4 outside directors out of 8 and strengthening execution through the separation of roles between directors and executive officers. - FY2022Update to board compositionAnnual report
「The company's Board of Directors consists of 8 directors, including 4 outside directors, and is chaired by a non-executive director.」
The Board of Directors' composition was updated from the previously reported 9 members to 8, with an oversight structure comprising 4 outside directors and a non-executive chair. - FY2021AdvancedAnnual report
「The company's Board of Directors consists of 9 directors, including 4 outside directors, and is chaired by a non-executive director.」
The Board of Directors increased from 8 to 9 members, including 4 outside directors, with an oversight structure chaired by a non-executive director. - FY2020AdvancedAnnual report
「The company's Board of Directors consists of 8 directors, including 4 outside directors, and is chaired by a non-executive director.」
The company presented an oversight structure comprising a Board of Directors chaired by a non-executive director, 4 outside directors out of 8, and advisory committees in which independent outside directors hold a majority. - FY2019AdvancedAnnual report
「The company has established a Nominating Committee and a Compensation Committee as advisory bodies to the Board of Directors, with the president serving as chair of both. Each committee consists of 5 members, including 3 independent outside directors and 2 internal directors. Independent outside directors comprise a majority, enhancing objectivity and transparency.」
The company established a Nominating Committee and a Compensation Committee, creating an advisory structure in which independent outside directors hold a majority. - FY2018RestatedAnnual report
「The company has introduced an executive officer system and aims for directors to focus on corporate management and executive officers to focus on divisional management, thereby accelerating decision-making and improving management efficiency. Separating corporate management by the directors from the execution of duties in each division by executive officers also strengthens the Board of Directors' oversight of the execution of duties, clarifies authority and responsibility, and reinforces internal controls.」
The company continues to accelerate decision-making and strengthen oversight by separating corporate management from divisional execution and operating an executive officer system. - FY2017AdvancedAnnual report
「The company revised its corporate governance structure effective 1 April 2017. It has introduced an executive officer system and aims for directors to focus on corporate management and executive officers to focus on divisional management, thereby accelerating decision-making and improving management efficiency.」
The company revised its governance structure effective 1 April 2017 and continues to accelerate and improve operations through the division of responsibilities between directors and executive officers. - FY2016First statedAnnual report
「Directors focus on corporate management, while executive officers focus on divisional management, thereby accelerating decision-making and improving management efficiency. Separating corporate management by the directors from the execution of duties in each division by executive officers also strengthens the Board of Directors' oversight of the execution of duties, clarifies authority and responsibility, and reinforces internal controls.」
The company described a governance structure combining the executive officer system, outside directors, outside Audit & Supervisory Board members, and the Audit & Supervisory Board system.