Governance structure
Company with an Audit and Supervisory CommitteeWhen one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
The company holds cross-shareholdings that contribute to the enhancement of corporate value from a medium- to long-term perspective, while continuously reducing their overall scale. Each year, it individually reviews these holdings from the perspectives of business performance, cost of capital and other factors, and considers whether to sell them if their rationale may no longer be valid. The number of holdings and their value are not disclosed.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The report lists revisions dated 10 June 2026 and 1 July 2026, but the specific changes from the previous report are 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. In addition, the Group Strategy Formulation Committee, Sustainability Strategy Committee, Group Safety Promotion Committee, CX Strategy Committee, Investment and Other Matters Review Committee, and General Human Resources Committee have been established. The proportion of outside members is not disclosed. |
| Policy on cross-shareholdings | The company holds cross-shareholdings that contribute to the enhancement of corporate value from a medium- to long-term perspective, while continuously reducing their overall scale. Each year, it individually reviews these holdings from the perspectives of business performance, cost of capital and other factors, and considers whether to sell them if their rationale may no longer be valid. The number of holdings and their value are not disclosed. |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | The report lists revisions dated 10 June 2026 and 1 July 2026, but the specific changes from the previous report are not disclosed. |
Items this document does not state (2)
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.The guidelines were established by resolution of the Board of Directors to set out the basic approach to corporate governance and specific initiatives. The reason for this revision is not disclosed.