Governance structure
Not adopted (the preferred shares are not structured for use as a takeover defense measure, and no such use is contemplated)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The maximum number of directors will be changed from 9 to 11. The total number of authorized shares will remain unchanged. The Articles of Incorporation will specify the total number of authorized shares by class for common shares and Series 1 through Series 5 preferred shares, and will add provisions concerning preferred shares and class shareholders' meetings.
| Item | Details |
|---|---|
| Number of directors | No more than 11 directors (previously no more than 9). Number of outside directors: not disclosed |
| Takeover defenses | Not adopted (the preferred shares are not structured for use as a takeover defense measure, and no such use is contemplated) |
| Changes this time | The maximum number of directors will be changed from 9 to 11. The total number of authorized shares will remain unchanged. The Articles of Incorporation will specify the total number of authorized shares by class for common shares and Series 1 through Series 5 preferred shares, and will add provisions concerning preferred shares and class shareholders' meetings. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To respond flexibly to rapid changes in the business environment and continuously strengthen the diversity and expertise of the Board of Directors. The amendments will also secure the flexibility and agility required for the aggressive investment necessary to execute the growth strategy, compliance with bank capital adequacy regulations, maintenance of capital soundness, and the Company's medium- to long-term capital policy and financial strategy.