Governance through the separation of decision-making and oversight from execution
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026Reports 11 executive officers and resolves a change in the representative directorAnnual report
「Since 2001, the Company has operated an executive officer system to invigorate the Board of Directors by separating decision-making and oversight from execution, and to clarify the allocation of responsibility across each business area. The Company has 11 executive officers. At a Board of Directors meeting held in January 2026, the chair reported that, in line with the start of the new fiscal year, the 63rd fiscal period, the Company would change its management structure, including a change in the representative directors and the selection of directors with titles, and the proposal was approved as reported.」
Continues the system separating decision-making and oversight from execution, and reports that the number of executive officers changed from 10 in the previous fiscal year to 11. The Company also resolved to overhaul its management structure, including a change in the representative president effective 1 March 2026. - FY2025Reports 10 executive officersAnnual report
「Since 2001, the Company has operated an executive officer system to invigorate the Board of Directors by separating decision-making and oversight from execution, and to clarify the allocation of responsibility across each business area. The Company has 10 executive officers.」
Continues the system separating decision-making and oversight from execution, with 10 executive officers. - FY2024RestatedAnnual report
「Since 2001, the Company has operated an executive officer system to invigorate the Board of Directors by separating decision-making and oversight from execution, and to clarify the allocation of responsibility across each business area. The Company has 11 executive officers.」
Continues the governance policy of separating decision-making and oversight by the Board of Directors from execution by executive officers. - FY2019RestatedAnnual report
「Since fiscal 2001, the Company has operated an executive officer system to invigorate the Board of Directors by separating decision-making and oversight from execution, and to clarify the allocation of responsibility across each business area.」
Reconfirms the governance policy of separating strategic decision-making and oversight by the Board of Directors from execution by executive officers. - FY2018First statedAnnual report
「Since fiscal 2001, the Company has operated an executive officer system to invigorate the Board of Directors by separating decision-making and oversight from execution, and to clarify the allocation of responsibility across each business area.」
The Company continues its governance policy under which the Board of Directors focuses on strategic decision-making and business oversight, while executive officers are responsible for execution, with an oversight framework that includes outside directors and outside corporate auditors.