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.
This is the number of people reported to the exchange as independent officers. Whether someone is an outside officer and whether they qualify as independent are separate determinations.
The company holds shares in companies where such holdings contribute to enhancing corporate value through business alliances and the maintenance or strengthening of business relationships, among other factors, and appropriately reduces holdings that no longer meet these objectives. As of 31 March 2026, holdings had been reduced from 38 issues to 26 issues, with a market value of ¥23.6 billion, equivalent to 9.7% of total consolidated net assets.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not in place (there are currently no plans to introduce one)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
Replacement with a file correcting formatting deficiencies in the explanatory materials. There were no changes to the content.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | 13 directors (including 8 outside directors) |
| Number of independent officers | 8 independent officers |
| Committee | Voluntary Nomination and Compensation Committee (composed solely of independent outside directors; outside directors account for 100% of the committee), Sustainability Committee (percentage of outside members: not disclosed), Compliance Promotion Committee (percentage of outside members: not disclosed), and Risk Management Committee (percentage of outside members: not disclosed) |
| Policy on cross-shareholdings | The company holds shares in companies where such holdings contribute to enhancing corporate value through business alliances and the maintenance or strengthening of business relationships, among other factors, and appropriately reduces holdings that no longer meet these objectives. As of 31 March 2026, holdings had been reduced from 38 issues to 26 issues, with a market value of ¥23.6 billion, equivalent to 9.7% of total consolidated net assets. |
| Takeover defenses | Not in place (there are currently no plans to introduce one) |
| Controlling shareholder | The company has no listed subsidiaries with a controlling shareholder. The name of the parent company or controlling shareholder and the voting rights ratio are not disclosed. |
| Changes this time | Replacement with a file correcting formatting deficiencies in the explanatory materials. There were no changes to the content. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because there were some formatting deficiencies in the explanatory materials.