Governance structure
Planned transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, conditional on the amendments to the Articles of Incorporation being approved and passed at the General Meeting of Shareholders scheduled for 24 June 2026In connection with the transition to a company with an Audit and Supervisory Committee, the eligible recipients of restricted stock compensation will be changed to directors other than Directors who are Audit and Supervisory Committee Members and outside directors. The proposal will be resubmitted to the General Meeting of Shareholders with the aggregate amount of monetary compensation receivables capped at ¥16 million per year and the total number of restricted shares capped at 15,000 shares per fiscal year.
| Item | Details |
|---|---|
| Corporate Governance Structure | Planned transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee, conditional on the amendments to the Articles of Incorporation being approved and passed at the General Meeting of Shareholders scheduled for 24 June 2026 |
| Changes this time | In connection with the transition to a company with an Audit and Supervisory Committee, the eligible recipients of restricted stock compensation will be changed to directors other than Directors who are Audit and Supervisory Committee Members and outside directors. The proposal will be resubmitted to the General Meeting of Shareholders with the aggregate amount of monetary compensation receivables capped at ¥16 million per year and the total number of restricted shares capped at 15,000 shares per fiscal year. |
Items this document does not state (6)
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.In connection with the transition to a company with an Audit and Supervisory Committee, the relevant proposal will be resubmitted to the General Meeting of Shareholders. The purpose of the plan itself is to share with shareholders the benefits and risks of fluctuations in the share price and to increase directors’ incentive to contribute to an increase in the share price and corporate value.