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.
社外取締役は、その会社の出身ではない取締役です。半数の線を超えると、取締役会の多数を社外の人が占めることになります。The percentage represented by the dotted line was calculated from the publicly disclosed number of people.
The basic policy is to reduce cross-shareholdings, and, in principle, the Company will not acquire new shares, including by declining requests to acquire shares for the purpose of securing stable shareholders. Shares will be held only in exceptional cases where the Company determines that doing so will contribute to enhancing corporate value over the medium to long term. Under the current management plan, the Company plans to sell ¥70 billion in total. In fiscal 2025, it monetized ¥22.6 billion, bringing cumulative sales during the plan period to ¥50.7 billion. As of the end of December 2025, the Company held 50 shares directly and 10 deemed holdings, including 1 overlapping holding.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
Not introduced. No plans to introduce one at present.
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
Specific changes from the previous report are not disclosed.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | Total number 11 / Of which, outside 6 |
| Committee | Name Compensation and Nomination Advisory Committee, Audit and Supervisory Committee, Risk Management Committee, Crisis Management Committee, System Risk Management Committee, Compliance Committee, Management Strategy Committees, Sustainability Promotion Committee, Investment Committee, CVC Steering Committee and Pre-Investment Advisory Committee / Percentage of outside members The Compensation and Nomination Advisory Committee has 3 outside members out of 4 (75%), and the Audit and Supervisory Committee has 3 out of 4 (75%); not disclosed for the other committees |
| Policy on cross-shareholdings | The basic policy is to reduce cross-shareholdings, and, in principle, the Company will not acquire new shares, including by declining requests to acquire shares for the purpose of securing stable shareholders. Shares will be held only in exceptional cases where the Company determines that doing so will contribute to enhancing corporate value over the medium to long term. Under the current management plan, the Company plans to sell ¥70 billion in total. In fiscal 2025, it monetized ¥22.6 billion, bringing cumulative sales during the plan period to ¥50.7 billion. As of the end of December 2025, the Company held 50 shares directly and 10 deemed holdings, including 1 overlapping holding. |
| Takeover defenses | Not introduced. No plans to introduce one at present. |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | Specific changes from the previous report are not disclosed. |
Items this document does not state (1)
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 update the Company's policies and initiatives for compliance with the Corporate Governance Code to reflect the position as of March 2026.