Governance structure
Company with an Audit & Supervisory BoardWhen 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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The company reviews the necessity, purpose, profitability, and other factors for each investment, conducts quantitative and qualitative evaluations of each investee annually, and verifies through the Board of Directors whether each investment is commensurate with the cost of capital. The company has a policy of reducing its holdings to 10% or less of consolidated total equity during the current medium-term management plan period. It achieved this target ahead of schedule in the fiscal year ended March 2025 and is continuing to reduce its holdings. The number and value of holdings are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
No
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
No specific changes from the previous report are stated
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 7 in total, including 3 outside directors |
| Number of independent officers | 5 |
| Committee | Voluntary nomination and compensation committees, each consisting of 4 members, including 3 outside directors, for an outside-member ratio of 75%. The company has also established a Human Capital Committee, Internal Control and Risk Management Committee, Compliance Committee, Sustainability Promotion Committee, and others. |
| Policy on cross-shareholdings | The company reviews the necessity, purpose, profitability, and other factors for each investment, conducts quantitative and qualitative evaluations of each investee annually, and verifies through the Board of Directors whether each investment is commensurate with the cost of capital. The company has a policy of reducing its holdings to 10% or less of consolidated total equity during the current medium-term management plan period. It achieved this target ahead of schedule in the fiscal year ended March 2025 and is continuing to reduce its holdings. The number and value of holdings are not disclosed. |
| Takeover defenses | No |
| Controlling shareholder | No controlling shareholder or parent company |
| Changes this time | No specific changes from the previous report are stated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To enhance the effectiveness of the Board of Directors’ oversight function, the transparency of decision-making, and the fairness, efficiency, and soundness of management.