Strengthening corporate governance through outside officers
First written in FY2016. 12 of 20 entries say "Restated". Latest entry: 2026-06-26.
The whole theme swung hardest in 2023: 14 of 102 companies on the "Worse" side.
- 2026-06-26RestatedGovernance
「取締役 11 名（うち社外取締役 4 名）」
取締役11名、うち社外取締役4名の体制を示しており、直近のコーポレート・ガバナンス体制に関する記載を再確認している。 - FY2026Four-outside-director structureAnnual report
「As of the date of submission of the Annual Securities Report, the Board of Directors comprises 10 directors, including 4 outside directors. As described in (2) Status of Officers, the outside directors provide objective advice on the management of our company from the perspectives of executives with extensive knowledge of the transportation industry, university professors with expertise in accounting and business administration, and women executives, and oversee the execution of duties.」
The structure changed from the previous 5 outside directors to 10 directors, including 4 outside directors, as of the submission date. Following the Ordinary General Meeting of Shareholders, the company is expected to have 11 directors, including 4 outside directors. - FY2023Increase in the number of directors; 5 outside directorsAnnual report
「The Board of Directors comprises 11 directors, including 5 outside directors. As described in (2) Status of Officers, the outside directors provide objective advice on the management of our company from the perspectives of executives with extensive knowledge of the transportation industry, university professors with expertise in accounting and business administration, specialists in various industries, and women executives, and oversee the execution of duties.」
The company has maintained a structure of 5 outside directors, while the total number of directors increased from 10 to 11. Yusuke Kusu of Hanshin Electric Railway was newly appointed as a director. - FY2021RaisedAnnual report
「The Board of Directors comprises 10 directors, including 5 outside directors. As described in (2) Status of Officers, the outside directors provide objective advice on the management of our company from the perspectives of executives with extensive knowledge of the transportation industry, university professors with expertise in accounting and business administration, specialists in various industries, and women executives, and oversee the execution of duties.」
The number of outside directors increased from 4 to 5, creating a structure that incorporates perspectives from transportation, accounting and business administration, various industries and women executives. - FY2020RaisedAnnual report
「The Board of Directors comprises 10 directors, including 4 outside directors. As described in (2) Status of Officers, the outside directors provide objective advice on the management of our company from perspectives including those of executives with extensive industry knowledge and university professors with expertise in accounting and business administration, and oversee the execution of duties.」
The number of independent outside directors increased from 3 to 4, creating a structure that incorporates perspectives from industry, accounting and business administration, and women. - FY2020-Q3RestatedAnnual report
「In addition, 3 of the company’s 10 directors are independent outside directors, and all have been notified to the Tokyo Stock Exchange as independent officers.」
The company has reaffirmed its structure of 3 independent outside directors among 10 directors and objective advice and oversight by outside officers. - FY2020-Q2RestatedAnnual report
「In addition, 3 of the company’s 10 directors are independent outside directors, and all have been notified to the Tokyo Stock Exchange as independent officers.」
The company has reaffirmed its structure of 3 independent outside directors among 10 directors and objective advice and oversight by outside officers. - FY2020-Q1RestatedAnnual report
「In addition, 3 of the company’s 10 directors are independent outside directors, and all have been notified to the Tokyo Stock Exchange as independent officers.」
The company has reaffirmed its structure of 3 independent outside directors among 10 directors and objective advice and oversight by outside officers. - FY2019RaisedAnnual report
「The Board of Directors comprises 10 directors, including 3 outside directors. As described in (2) Status of Officers, the outside directors provide objective advice on the management of our company from the perspectives of executives with extensive industry knowledge and university professors with expertise in accounting and business administration, and oversee the execution of duties.」
The company describes a structure in which the number of independent outside directors among the 10 directors has increased from 2 to 3. 3 of the 4 Audit & Supervisory Board members are outside members. - FY2019-Q3RestatedAnnual report
「In addition, 2 of the company’s 10 directors are independent outside directors, and both have been notified to the Tokyo Stock Exchange as independent officers. The company also has an Audit & Supervisory Board. From 28 June 2007, its structure changed from 1 full-time Audit & Supervisory Board member and 2 outside members, for a total of 3, to 1 full-time member and 3 outside members, for a total of 4, by adding 1 outside member, thereby strengthening the audit function.」
The company has reaffirmed its governance structure of 2 independent outside directors among 10 directors and 3 outside Audit & Supervisory Board members among 4 members. - FY2019-Q2RestatedAnnual report
「In addition, 2 of the company’s 10 directors are independent outside directors, and both have been notified to the Tokyo Stock Exchange as independent officers. The company also has an Audit & Supervisory Board. From 28 June 2007, its structure changed from 1 full-time Audit & Supervisory Board member and 2 outside members, for a total of 3, to 1 full-time member and 3 outside members, for a total of 4, by adding 1 outside member, thereby strengthening the audit function.」
The company has reaffirmed its structure of 2 independent outside directors among 10 directors and 3 outside Audit & Supervisory Board members among 4 members. - FY2019-Q1RestatedAnnual report
「In addition, 2 of the company’s 10 directors are independent outside directors, and both have been notified to the Tokyo Stock Exchange as independent officers. The company also has an Audit & Supervisory Board. From 28 June 2007, its structure changed from 1 full-time Audit & Supervisory Board member and 2 outside members, for a total of 3, to 1 full-time member and 3 outside members, for a total of 4, by adding 1 outside member, thereby strengthening the audit function.」
The company has reaffirmed its governance structure of 2 independent outside directors among 10 directors and 3 outside Audit & Supervisory Board members among 4 members. - FY2018-Q3RestatedAnnual report
「In addition, 2 of the company’s 10 directors are independent outside directors, and both have been notified to the Tokyo Stock Exchange as independent officers. The company also has an Audit & Supervisory Board. From 28 June 2007, its structure changed from 1 full-time Audit & Supervisory Board member and 2 outside members, for a total of 3, to 1 full-time member and 3 outside members, for a total of 4, by adding 1 outside member, thereby strengthening the audit function.」
The company has reaffirmed its structure of 1-year director terms, 2 independent outside directors among 10 directors and 3 outside Audit & Supervisory Board members among 4 members. - FY2018-Q2RestatedAnnual report
「Specifically, at the 123rd Ordinary General Meeting of Shareholders held on 29 June 2006, the company amended its Articles of Incorporation to shorten the term of office of directors to 1 year, thereby clarifying directors’ management responsibilities. In addition, 2 of the company’s 10 directors are independent outside directors, and both have been notified to the Tokyo Stock Exchange as independent officers.」
The company has reaffirmed its structure of 1-year director terms, 2 independent outside directors among 10 directors and 3 outside Audit & Supervisory Board members among 4 members. - FY2018-Q1RestatedAnnual report
「Specifically, at the 123rd Ordinary General Meeting of Shareholders held on 29 June 2006, the company amended its Articles of Incorporation to shorten the term of office of directors to 1 year, thereby clarifying directors’ management responsibilities. In addition, 2 of the company’s 10 directors are independent outside directors, and both have been notified to the Tokyo Stock Exchange as independent officers.」
The company has reaffirmed its structure of 1-year director terms, 2 independent outside directors among 10 directors and 3 outside Audit & Supervisory Board members among 4 members. - FY2017Update to the number of directorsAnnual report
「2 of the 10 directors are outside directors, and at Board of Directors meetings they provide objective advice on the management of our company from the perspective of executives with extensive industry knowledge. In addition, 3 of the 4 Audit & Supervisory Board members are outside members. At meetings of the Board of Directors and the Audit & Supervisory Board, they provide specialized and objective advice based on their backgrounds as executives, attorneys and financial institution professionals, contributing to stronger governance.」
The structure of 2 outside directors and 3 outside Audit & Supervisory Board members has been maintained, while the stated number of directors has been updated from 9 in the previous quarter to 10. - FY2017-Q3Update to the number of directorsAnnual report
「In addition, 2 of the company’s 9 directors are independent outside directors, and both have been notified to the Tokyo Stock Exchange as independent officers. The company also has an Audit & Supervisory Board. From 28 June 2007, its structure changed from 1 full-time Audit & Supervisory Board member and 2 outside members, for a total of 3, to 1 full-time member and 3 outside members, for a total of 4, by adding 1 outside member, thereby strengthening the audit function.」
The structure of 2 outside directors and 3 outside Audit & Supervisory Board members has been maintained, while the stated number of directors has been updated from the previous 10 to 9. - FY2017-Q2RestatedAnnual report
「Specifically, at the 123rd Ordinary General Meeting of Shareholders held on 29 June 2006, the company amended its Articles of Incorporation to shorten the term of office of directors to 1 year, thereby clarifying directors’ management responsibilities. In addition, 2 of the company’s 10 directors are outside directors with the requisite independence.」
The company continues to describe its governance structure comprising 1-year director terms, 2 independent outside directors among 10 directors and 3 outside Audit & Supervisory Board members among 4 members. - FY2017-Q1RestatedAnnual report
「Specifically, at the 123rd Ordinary General Meeting of Shareholders held on 29 June 2006, the company amended its Articles of Incorporation to shorten the term of office of directors to 1 year, thereby clarifying directors’ management responsibilities. In addition, 2 of the company’s 10 directors are outside directors with the requisite independence.」
The company continues to describe its governance structure comprising 1-year director terms, 2 outside directors and 3 outside Audit & Supervisory Board members. - FY2016First statedAnnual report
「2 of the 10 directors are outside directors, and at Board of Directors meetings they provide objective advice on the management of our company from the perspective of executives with extensive industry knowledge. In addition, 3 of the 4 Audit & Supervisory Board members are outside members. At meetings of the Board of Directors and the Audit & Supervisory Board, they provide specialized and objective advice based on their backgrounds as executives, attorneys and financial institution professionals, contributing to stronger governance.」
The company uses objective advice and oversight by outside directors and outside Audit & Supervisory Board members to strengthen governance.