Governance structure
Company with an Audit & Supervisory Committee (scheduled for 29 June 2026)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 will transition from a Company with a Board of Company Auditors to a Company with an Audit & Supervisory Committee, delete provisions concerning the Board of Company Auditors and Company Auditors, and add provisions concerning the Audit & Supervisory Committee and directors who are Audit & Supervisory Committee Members. The Company will also elect director candidates.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Committee (scheduled for 29 June 2026) |
| Number of directors | Following the transition, there will be 7 director candidates in total, including 4 outside directors (4 directors who are not Audit & Supervisory Committee Members and 3 directors who are Audit & Supervisory Committee Members). Under the Articles of Incorporation, the number of directors who are not Audit & Supervisory Committee Members will be capped at 10, and the number of directors who are Audit & Supervisory Committee Members at 5. |
| Number of independent officers | 3 independent officers (Ukawa Taro (鵜川太郎), Kakinuma Yuichi (柿沼佑一), and Fukagawa Hiroki (深川裕季)). Substitute candidate Nishimura Kazuhiko (西村一彦) is scheduled to be reported as an independent officer upon appointment. |
| Committee | Audit & Supervisory Committee. 2 of the 3 members are outside members (66.7%). No information is provided regarding a Nomination Committee or Compensation Committee. |
| Changes this time | The Company will transition from a Company with a Board of Company Auditors to a Company with an Audit & Supervisory Committee, delete provisions concerning the Board of Company Auditors and Company Auditors, and add provisions concerning the Audit & Supervisory Committee and directors who are Audit & Supervisory Committee Members. The Company will also elect director candidates. |
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 strengthen the Board of Directors’ supervisory function, improve corporate governance and management transparency, and further accelerate decision-making.