Governance structure
Company with an Audit & Supervisory Committee (scheduled for 29 June 2026)This filing states only the number of directors, not how many of them are outside directors.
The Company will transition from a company with a Board of Corporate Auditors to a company with an Audit & Supervisory Committee, delete provisions concerning the Corporate Auditors and the Board of Corporate Auditors, and establish provisions concerning Audit & Supervisory Committee members and the Audit & Supervisory Committee, as well as provisions concerning the delegation of decisions on the execution of important business operations. The maximum number of directors will be changed from 15 to 17, and provisions concerning the exercise of voting rights by proxy by institutional investors will be added.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Committee (scheduled for 29 June 2026) |
| Number of directors | Total number 17 or fewer / Of which, outside Not disclosed |
| Committee | Audit and Supervisory Committee (percentage of outside members: not disclosed) |
| Changes this time | The Company will transition from a company with a Board of Corporate Auditors to a company with an Audit & Supervisory Committee, delete provisions concerning the Corporate Auditors and the Board of Corporate Auditors, and establish provisions concerning Audit & Supervisory Committee members and the Audit & Supervisory Committee, as well as provisions concerning the delegation of decisions on the execution of important business operations. The maximum number of directors will be changed from 15 to 17, and provisions concerning the exercise of voting rights by proxy by institutional investors will be added. |
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 further strengthen corporate governance and clarify that institutional investors that hold shares in the name of trust banks or other entities, rather than in their own names, may attend General Meetings of Shareholders and exercise voting rights by proxy.