Governance structure
Company with an Audit and Supervisory CommitteeCross-shareholdings will be maintained where they contribute to enhancing corporate value, while their overall scale will be continuously reduced. Each holding will be reviewed once a year from the perspectives of business performance, cost of capital and other factors, and the company will consider whether to sell any holding where its rationale may no longer be valid. Number of holdings and amount: Not disclosed
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Specific changes from the previous report: Not disclosed
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 17 people (including 9 outside directors) |
| Committee | Nomination Advisory Committee and Compensation Advisory Committee. Independent outside directors constitute a majority of the members of both committees, and the chair of each committee is selected from among the independent outside directors. |
| Policy on cross-shareholdings | Cross-shareholdings will be maintained where they contribute to enhancing corporate value, while their overall scale will be continuously reduced. Each holding will be reviewed once a year from the perspectives of business performance, cost of capital and other factors, and the company will consider whether to sell any holding where its rationale may no longer be valid. Number of holdings and amount: Not disclosed |
| Changes this time | Specific changes from the previous report: Not disclosed |
Items this document does not state (3)
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 ensure transparent, fair, swift and decisive decision-making, strengthen the Board of Directors’ oversight function, and promote sustainable growth and enhancement of corporate value over the medium to long term.