Governance structure
Current: Company with a Board of Corporate Auditors. Proposed change: Company with an Audit and Supervisory Committee (scheduled for 26 June 2026)The Company is scheduled to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. Provisions concerning directors who are Audit and Supervisory Committee members and the Audit and Supervisory Committee will be newly established, while provisions concerning corporate auditors and the Board of Corporate Auditors will be deleted. Provisions concerning the number of directors, terms of office, remuneration and other matters, and limitation-of-liability agreements will also be amended.
| Item | Details |
|---|---|
| Corporate Governance Structure | Current: Company with a Board of Corporate Auditors. Proposed change: Company with an Audit and Supervisory Committee (scheduled for 26 June 2026) |
| Number of directors | Before the change: No more than 13 directors. After the change: No more than 9 directors excluding directors who are Audit and Supervisory Committee members, and no more than 5 directors who are Audit and Supervisory Committee members |
| Committee | Audit and Supervisory Committee. The proportion of outside committee members is not disclosed. |
| Changes this time | The Company is scheduled to transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. Provisions concerning directors who are Audit and Supervisory Committee members and the Audit and Supervisory Committee will be newly established, while provisions concerning corporate auditors and the Board of Corporate Auditors will be deleted. Provisions concerning the number of directors, terms of office, remuneration and other matters, and limitation-of-liability agreements will also be amended. |
Items this document does not state (4)
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 strengthen the Board of Directors’ supervisory function and monitoring framework and enhance corporate governance by making Audit and Supervisory Committee members voting members of the Board of Directors. The transition will also enable decisions on business execution to be delegated to directors, separating business execution from supervision and speeding up decision-making.