Governance structure
Company with an Audit and Supervisory Committee (scheduled to transition from a Company with a Board of Company Auditors effective 30 April 2026)When 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 will transition from a Company with a Board of Company Auditors to a Company with an Audit and Supervisory Committee, establish provisions concerning the Audit and Supervisory Committee, and delete provisions concerning company auditors. Directors will be divided into directors who are Audit and Supervisory Committee members and directors who are not, with the respective numbers limited to 5 and 9. Business purposes will be added, and provisions concerning the acquisition of treasury shares will be deleted.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (scheduled to transition from a Company with a Board of Company Auditors effective 30 April 2026) |
| Number of directors | Under the proposed amendments, the number of directors who are not Audit and Supervisory Committee members will be limited to 9, and the number of directors who are Audit and Supervisory Committee members will be limited to 5. The actual total number and number of outside directors are Not disclosed |
| Committee | Audit and Supervisory Committee; the proportion of outside committee members is Not disclosed. Nomination and Compensation Committees are Not disclosed. |
| Controlling shareholder | Controlling shareholder and parent company: Not disclosed |
| Changes this time | The Company will transition from a Company with a Board of Company Auditors to a Company with an Audit and Supervisory Committee, establish provisions concerning the Audit and Supervisory Committee, and delete provisions concerning company auditors. Directors will be divided into directors who are Audit and Supervisory Committee members and directors who are not, with the respective numbers limited to 5 and 9. Business purposes will be added, and provisions concerning the acquisition of treasury shares will be deleted. |
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 clarify the scope of business in line with current business activities, strengthen the corporate governance framework, improve management transparency and objectivity, enhance the Board of Directors’ supervisory functions, accelerate decision-making, and delete duplicative provisions.