Separating decision-making and oversight functions from business execution functions
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026ReframedAnnual report
「With the approval of the annual general meeting of shareholders held on 24 June 2025, we changed from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee, and describe an overview of operations following the change.」
The governance structure is being reorganized, including the separation of supervision from execution, following the change from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. - FY2024RestatedAnnual report
「The Board of Directors consists of 9 directors, including 3 outside directors. In principle, it meets once a month, with extraordinary meetings held as necessary. Through active exchanges of views, it decides basic management policies and other important matters and fully performs its function as the body responsible for supervising business execution. In addition, we have introduced an executive officer system to separate decision-making and supervisory functions from business execution, thereby enabling agile and efficient operations and further enhancing corporate value.」
Supervision by the Board of Directors and the separation of decision-making and business execution through the executive officer system continue under a structure that includes 3 outside directors. - FY2023RestatedAnnual report
「In addition, we have introduced an executive officer system to separate decision-making and supervisory functions from business execution, thereby enabling agile and efficient operations and further enhancing corporate value. Some executive officers are assigned to domestic and overseas consolidated subsidiaries as their heads, where they manage and supervise business execution.」
The separation of decision-making and supervision from business execution through the executive officer system, and the assignment of heads to domestic and overseas subsidiaries, continue. - FY2021RestatedAnnual report
「In addition, we have introduced an executive officer system to separate decision-making and supervisory functions from business execution, thereby enabling agile and efficient operations and further enhancing corporate value. Some executive officers are assigned to domestic and overseas consolidated subsidiaries as their heads, where they manage and supervise business execution.」
The separation of decision-making and supervision from business execution through the executive officer system, and the assignment of heads to domestic and overseas subsidiaries, continue. - FY2017RestatedAnnual report
「In addition, we have introduced an executive officer system to separate decision-making and supervisory functions from business execution, thereby enabling agile and efficient operations and further enhancing corporate value.」
The executive officer system, supervision by the Board of Directors, and the audit structure operated by corporate auditors and the Internal Audit Department continue. - FY2016First statedAnnual report
「We have introduced an executive officer system to separate decision-making and supervisory functions from business execution, thereby enabling agile and efficient operations and further enhancing corporate value.」
The supervisory and audit structure, including 2 outside directors, 2 outside corporate auditors and the Internal Audit Department, is also described.