Oversight Function of Outside Directors, Audit & Supervisory Board Members and Internal Audit
First written in FY2016. 3 of 7 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2023: 4 of 28 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026The number of executive directors is scheduled to change from 6 to 5 under the next board structure.Annual report
「If the proposal is approved, the composition of each body is expected to be as follows.」
If the proposal to be submitted to the Annual General Meeting of Shareholders scheduled for 25 June 2026 is approved, the number of directors who are not Audit and Supervisory Committee members is expected to change from 6 to 5. The structure of 4 Audit and Supervisory Committee members, including 3 outside directors, will be maintained. - FY2022Number of board members increasedAnnual report
「The Board of Directors consists of 6 directors, excluding directors who are Audit and Supervisory Committee members, and 4 directors who are Audit and Supervisory Committee members, including 3 outside directors.」
The number of directors who are not Audit and Supervisory Committee members changed from the previously disclosed structure of 5 directors and 4 Audit and Supervisory Committee members to 6. The oversight structure of the Audit and Supervisory Committee, including 3 outside directors, continues. - FY2020RestatedAnnual report
「The Board of Directors consists of 5 directors, excluding directors who are Audit and Supervisory Committee members, and 4 directors who are Audit and Supervisory Committee members, including 3 outside directors. In principle, it meets at least once a month to decide important matters relating to the execution of operations and matters prescribed by laws, regulations and the Articles of Incorporation, and to supervise the execution of directors' duties.」
We continue to maintain an oversight structure consisting of the Board of Directors and 3 outside directors following the transition to a company with an Audit and Supervisory Committee. - FY2019AdvancedAnnual report
「Following approval at the 93rd Annual General Meeting of Shareholders held on 26 June 2019 of amendments to the Articles of Incorporation providing for a transition to a company with an Audit and Supervisory Committee, we transitioned on the same date from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee.」
We transitioned from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee and established an Audit and Supervisory Committee including 3 outside directors. - FY2018AdvancedAnnual report
「To strengthen the Board of Directors' management oversight function, we have appointed 2 outside directors. To ensure the effectiveness of the oversight function in maintaining independence and fairness in management, we have also appointed 3 outside corporate auditors out of 4 corporate auditors.」
The number of outside directors changed from 1 to 2, and a total of 5 people, including 3 outside corporate auditors, have been appointed and reported as independent officers. - FY2017AdvancedAnnual report
「We have determined that our outside directors and outside corporate auditors do not pose a potential conflict of interest with general shareholders under the relevant criteria, and have designated all of them as independent officers as defined by the Tokyo Stock Exchange.」
We have specified criteria for the independence of outside officers and designated 1 outside director and 3 outside corporate auditors as independent officers. - FY2016First statedAnnual report
「We have adopted the corporate auditor system and have appointed 3 outside corporate auditors out of 4 to ensure the effectiveness of the audit function in maintaining independence and fairness in management.」
We have adopted an oversight structure involving 3 outside corporate auditors, 1 outside director, the Internal Audit Office and the accounting auditor.