Governance structure
Company with an Audit and Supervisory Committee (scheduled to change from a company with an Audit & Supervisory Board on 27 May 2026)The company will change from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee. Provisions concerning Audit & Supervisory Board Members and the Audit & Supervisory Board will be deleted, and provisions concerning the Audit and Supervisory Committee will be newly established. The number, term of office and election of Directors who are not Audit and Supervisory Committee Members and Directors who are Audit and Supervisory Committee Members will be specified separately. Provisions will also be added to allow decisions on important business execution to be delegated to Directors, among other changes.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee (scheduled to change from a company with an Audit & Supervisory Board on 27 May 2026) |
| Number of directors | Up to 8 Directors who are not Audit and Supervisory Committee Members and up to 5 Directors who are Audit and Supervisory Committee Members. Maximum total: 13 Directors; number of outside Directors: Not disclosed |
| Committee | An Audit & Supervisory Committee will be established. Percentage of outside committee members: Not disclosed. Nominating Committee and Compensation Committee: Not disclosed |
| Changes this time | The company will change from a company with an Audit & Supervisory Board to a company with an Audit and Supervisory Committee. Provisions concerning Audit & Supervisory Board Members and the Audit & Supervisory Board will be deleted, and provisions concerning the Audit and Supervisory Committee will be newly established. The number, term of office and election of Directors who are not Audit and Supervisory Committee Members and Directors who are Audit and Supervisory Committee Members will be specified separately. Provisions will also be added to allow decisions on important business execution to be delegated to Directors, among other changes. |
Items this document does not state (4)
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 transition is intended to accelerate decision-making and business execution, while enabling Audit and Supervisory Committee Members to exercise voting rights at Board of Directors meetings and supervise not only financial figures but also the value creation process.