Transition to a Company with an Audit and Supervisory Committee and Oversight by Outside Directors
First written in FY2016. 3 of 9 entries say "Advanced", first in FY2019. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「As of 31 October 2025, the date of filing the annual securities report, 5 of the 8 directors, or a majority, were outside directors serving as Audit & Supervisory Committee members, providing a structure that sufficiently ensures the objectivity and neutrality of the management oversight function.」
The structure changed from 6 directors and 3 outside directors serving as Audit & Supervisory Committee members in the previous fiscal year to 8 directors and 5 outside Audit & Supervisory Committee members, with outside Audit & Supervisory Committee members accounting for a majority. - FY2024Reduced the Audit & Supervisory Committee structure to 3 members and 6 directorsAnnual report
「As of 31 October 2024, the date of filing the annual securities report, 3 of the 6 directors, or half, were outside directors serving as Audit & Supervisory Committee members, providing a structure that sufficiently ensures the objectivity and neutrality of the management oversight function.」
The structure changed from 8 directors and 5 outside directors serving as Audit & Supervisory Committee members to 6 directors and 3 outside Audit & Supervisory Committee members following the resignations of Kimura Tetsuzo and Shimamura Kazuya. - FY2024-Q31 Audit and Supervisory Committee director changedAnnual report
「Following the date of submission of the annual securities report for the previous fiscal year, changes in officers during the cumulative current-quarter period were as follows.” “Director (Audit and Supervisory Committee member) Tetsuzo Kimura (木村 鉄三) Date of departure: 30 April 2024」
One director who was an Audit & Supervisory Committee member retired effective 30 April 2024. After the retirement, the company had 7 male officers and 0 female officers. - FY2023RestatedAnnual report
「As of the date of submission of the annual securities report (31 October 2023), 5 of the 8 directors, a majority, were outside directors who were Audit and Supervisory Committee members, providing a structure that sufficiently ensures objectivity and neutrality in management oversight.」
The supervisory structure in which 5 of the 8 directors are outside directors who are Audit and Supervisory Committee members continues. - FY2022RestatedAnnual report
「As of the date of submission of the annual securities report (31 October 2022), 5 of the 8 directors, a majority, were outside directors who were Audit and Supervisory Committee members, providing a structure that sufficiently ensures objectivity and neutrality in management oversight.」
The supervisory structure in which 5 of the 8 directors are outside directors who are Audit and Supervisory Committee members continues. - FY2021RestatedAnnual report
「As of the date of submission of the annual securities report (29 October 2021), 5 of the 8 directors, a majority, were outside directors who were Audit and Supervisory Committee members, providing a structure that sufficiently ensures objectivity and neutrality in management oversight.」
The supervisory structure in which 5 of the 8 directors are outside directors who are Audit and Supervisory Committee members continues. - FY2020AdvancedAnnual report
「As of the date of submission of the annual securities report (30 October 2020), 5 of the 9 directors, a majority, were outside directors who were Audit and Supervisory Committee members, providing a structure that sufficiently ensures objectivity and neutrality in management oversight.」
The number of outside directors who were Audit and Supervisory Committee members increased from 4 out of 8 directors to 5 out of 9, a majority. - FY2019AdvancedAnnual report
「As of the date of submission of the annual securities report (30 October 2019), 4 of the 8 directors, or half of the Board, were outside directors who were Audit and Supervisory Committee members, providing a structure that sufficiently ensures objectivity and neutrality in management oversight.」
The number of outside directors who were Audit and Supervisory Committee members changed from 3 to 4, accounting for half of the 8 directors. - FY2016First statedAnnual report
「The Company changed to a company with an Audit and Supervisory Committee pursuant to a resolution adopted at the 47th Annual General Meeting of Shareholders held on 29 October 2015.” “The Audit and Supervisory Committee consists of 3 directors who are Audit and Supervisory Committee members, all 3 of whom are outside directors, and generally meets once a month.」
The transition to a company with an Audit and Supervisory Committee in October 2015 and the supervisory structure comprising 3 outside directors are disclosed.