Transition to a Company with an Audit and Supervisory Committee
First written in FY2022. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Audit & Supervisory Committee met 15 times during the fiscal year. The committee passed resolutions, deliberated, held discussions and received reports on draft audit reports, the preparation of the audit plan, the evaluation and reappointment of the accounting auditor and consent to its compensation, the appropriateness of the accounting auditor's audit, consent to Audit & Supervisory Committee compensation, prior approval of the provision of non-audit services, consent to the internal audit plan, and the status of audits by the Audit & Supervisory Committee and the internal audit function.」
The Audit & Supervisory Committee met 15 times and deliberated on and received reports concerning the audit plan, accounting auditor, internal audits and Audit & Supervisory Committee audits. - FY2024AdvancedAnnual report
「The Audit and Supervisory Committee met 14 times during the current fiscal year.」
After transitioning to a company with an Audit and Supervisory Committee, the Audit and Supervisory Committee met 14 times and deliberated on and received reports concerning the audit plan, the accounting auditor, internal audits, and internal controls. - FY2023AdvancedAnnual report
「In addition to meeting monthly, the Audit and Supervisory Committee meets as needed. During the current fiscal year, the Board of Corporate Auditors met 4 times and the Audit and Supervisory Committee met 9 times.」
After transitioning to a company with an Audit and Supervisory Committee, the Audit and Supervisory Committee met 9 times and deliberated on and received reports concerning the audit plan, the accounting auditor, internal audits, and internal controls. - FY2022First statedAnnual report
「Following approval at the Annual General Meeting of Shareholders held on 24 June 2022 of an amendment to the Articles of Incorporation providing for a transition to a company with an Audit and Supervisory Committee, the Company transitioned from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee on that date.」
We described for the first time the transition to a governance structure granting directors who are Audit and Supervisory Committee members voting rights at Board of Directors meetings and strengthening audit and oversight functions. We also established a structure with 4 outside directors, an Audit and Supervisory Committee, and frameworks for internal control and audit reporting.