Governance structure
Company with an Audit and Supervisory Committee (subject to approval at the annual general meeting of shareholders scheduled for 29 September 2026)The Company will change from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee, establish provisions concerning the Audit & Supervisory Committee and directors who are Audit & Supervisory Committee members, and delete provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board. The Articles of Incorporation will also allow limitation of liability agreements to be entered into with directors other than executive directors and others, and establish provisions allowing dividends of surplus and other matters to be determined by resolution of the Board of Directors.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (subject to approval at the annual general meeting of shareholders scheduled for 29 September 2026) |
| Number of directors | Total: Not disclosed. No more than 10 directors who are not Audit & Supervisory Committee members and no more than 4 directors who are Audit & Supervisory Committee members. Number of outside directors: Not disclosed. |
| Committee | Audit & Supervisory Committee: planned to be established. Proportion of outside members: Not disclosed. Nomination Committee and Compensation Committee: Not disclosed. |
| Changes this time | The Company will change from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee, establish provisions concerning the Audit & Supervisory Committee and directors who are Audit & Supervisory Committee members, and delete provisions concerning Audit & Supervisory Board members and the Audit & Supervisory Board. The Articles of Incorporation will also allow limitation of liability agreements to be entered into with directors other than executive directors and others, and establish provisions allowing dividends of surplus and other matters to be determined by resolution of the Board of Directors. |
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 further enhance corporate governance by making Audit & Supervisory Committee members members of the Board of Directors. The change is also intended to enable the Company to continue recruiting capable directors and to implement capital and dividend policies with greater flexibility.