Liability Limitation Agreements and Directors and Officers Liability Insurance for Outside Directors and Other Officers
First written in FY2021. 4 of 5 entries say "Restated". Latest entry: FY2026.
7 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company has entered into agreements with all outside directors and outside statutory auditors to limit their liability for damages under Article 423, Paragraph 1 of the Companies Act, pursuant to Article 427, Paragraph 1 of the Companies Act and Articles 28, Paragraph 2 and 36, Paragraph 2 of the Articles of Incorporation.」
The company has reconfirmed its limitation-of-liability agreements with outside directors and statutory auditors, as well as its directors and officers liability insurance contract. - FY2024RestatedAnnual report
「The company has entered into agreements with all outside directors and outside statutory auditors to limit their liability for damages under Article 423, Paragraph 1 of the Companies Act, pursuant to Article 427, Paragraph 1 of the Companies Act and Articles 28, Paragraph 2 and 36, Paragraph 2 of the Articles of Incorporation.」
The company has reconfirmed its limitation-of-liability agreements with outside directors and statutory auditors. It has also disclosed its directors and officers liability insurance contract. - FY2023RestatedAnnual report
「The company has entered into agreements with all outside directors and outside statutory auditors to limit their liability for damages under Article 423, Paragraph 1 of the Companies Act, pursuant to Article 427, Paragraph 1 of the Companies Act and Articles 28, Paragraph 2 and 36, Paragraph 2 of the Articles of Incorporation.」
The company has reconfirmed its limitation-of-liability agreements with outside directors and statutory auditors. - FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3 of the Companies Act. The policy covers losses that may arise when an insured person is held liable in connection with the performance of their duties or receives a claim seeking to enforce such liability.」
The company has reconfirmed the directors and officers liability insurance contract and the coverage provided for certain director and officer liabilities. - FY2021First statedAnnual report
「The company has entered into agreements with all outside directors and outside statutory auditors to limit their liability for damages under Article 423, Paragraph 1 of the Companies Act, pursuant to Article 427, Paragraph 1 of the Companies Act and Articles 28, Paragraph 2 and 36, Paragraph 2 of the Articles of Incorporation.」
In addition to limitation-of-liability agreements with outside directors and outside statutory auditors, the company has separately identified its directors and officers liability insurance contract for the first time as a governance measure concerning director and officer liability.