Governance structure
Company with an Audit & Supervisory Board (with an Audit & Supervisory Board)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.
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.
See the related document, “Policy on Strategic Shareholdings and Exercise of Voting Rights.” The specific policy on holdings and reduction is not disclosed in this document.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
None in place (the company has not established a policy for responding to takeovers; this is not a discontinued or renewed measure)
Pre-agreed countermeasures in preparation for an unsolicited takeover attempt.
The company conducted a Board of Directors effectiveness evaluation for the fiscal year ended March 2026. As in the fiscal year ended March 2025, it engaged an external organization and identified areas for further improvement, including the medium- to long-term growth strategy and human resources strategy, the Board's monitoring function, and discussions on nominations and compensation.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board (with an Audit & Supervisory Board) |
| Number of directors | 9 (including 5 outside directors) |
| Number of independent officers | 8 independent officers |
| Committee | Nomination and Compensation Committee (voluntary): 5 of the 6 members equivalent to a nomination committee are outside directors (83.3%), and 5 of the 6 members equivalent to a compensation committee are outside directors (83.3%). The company has also established a Sustainability Committee, Compliance Committee, Risk Management Committee and Information Security Committee, among others. |
| Policy on cross-shareholdings | See the related document, “Policy on Strategic Shareholdings and Exercise of Voting Rights.” The specific policy on holdings and reduction is not disclosed in this document. |
| Takeover defenses | None in place (the company has not established a policy for responding to takeovers; this is not a discontinued or renewed measure) |
| Controlling shareholder | No controlling shareholder. No parent company. |
| Changes this time | The company conducted a Board of Directors effectiveness evaluation for the fiscal year ended March 2026. As in the fiscal year ended March 2025, it engaged an external organization and identified areas for further improvement, including the medium- to long-term growth strategy and human resources strategy, the Board's monitoring function, and discussions on nominations and compensation. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company conducts an annual evaluation and analysis of the Board of Directors' effectiveness to improve the Board's functions and enhance corporate value. It is working on measures to address the issues identified through the evaluation, with the aim of improving the Board's effectiveness.