Strengthening Governance through Outside Officers and Three-Pronged Audits
First written in FY2019. 5 of 8 entries say "Advanced", first in FY2023. Latest entry: 2026-06-18.
The whole theme swung hardest in 2023: 3 of 24 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- 2026-06-18AdvancedShare Issuance and Disposal
「At the Company's 55th Annual General Meeting of Shareholders held on 18 June 2026, shareholders also approved the transition from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee and the re-establishment of the existing compensation limit for the restricted stock compensation plan, which is no more than ¥70 million per year, as a stock compensation plan for the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors, in order to achieve further improvements in corporate value.」
The approval by the Annual General Meeting of Shareholders of the transition to a company with an Audit and Supervisory Committee and the resetting of the compensation limit for the stock compensation plan was disclosed. The canonical thread itself has not changed. - FY2026Transition to a company with an audit and supervisory committee is plannedAnnual report
「The Company has proposed a partial amendment to the Articles of Incorporation as an agenda item for the 55th Annual General Meeting of Shareholders scheduled for 18 June 2026. If the proposal is approved and the amendment takes effect, the Company will transition to a company with an Audit and Supervisory Committee at the conclusion of that Annual General Meeting of Shareholders.」
Building on the existing company with an audit & supervisory board and three-way audit framework, the Company plans to transition to a company with an Audit and Supervisory Committee and change to an oversight framework that includes outside directors and Audit and Supervisory Committee members. - FY2025Transition from the executive officer system to a management officer system, changing the governance and personnel-allocation frameworkAnnual report
「To further improve decision-making speed and the flexibility of personnel allocation for business operations, from the 55th fiscal year onward we will abolish the executive officer system, establish a management officer system and roll it out.」
The Company abolished its former executive officer system and changed to an organisational and personnel-allocation framework introducing a management officer system. It has 3 outside directors and 3 outside audit & supervisory board members. - FY2024AdvancedAnnual report
「By appointing 4 outside directors out of 9 directors, the Company incorporates objective perspectives, extensive knowledge and experience into management. In addition, by appointing 3 outside audit & supervisory board members out of 4, it is further strengthening its corporate governance framework by enhancing oversight of management and internal controls, as well as objectivity and fairness.」
The number of outside directors increased from 3 to 4, expanding the oversight and audit framework together with 3 outside audit & supervisory board members. - FY2023AdvancedAnnual report
「By appointing 3 outside directors out of 9 directors, the Company incorporates objective perspectives, extensive knowledge and experience into management. In addition, by appointing 3 outside audit & supervisory board members out of 4, it is further strengthening its corporate governance framework by enhancing oversight of management and internal controls, as well as objectivity and fairness.」
The number of outside directors increased from 2 to 3, expanding the oversight framework together with 3 outside audit & supervisory board members. - FY2019First statedAnnual report
「By appointing 2 outside directors out of 9 directors, the Company incorporates objective perspectives, extensive knowledge and experience into management. In addition, by appointing 3 outside audit & supervisory board members out of 4, it is further strengthening its corporate governance framework by enhancing oversight of management and internal controls, as well as objectivity and fairness.」
The Company describes its oversight and audit framework, comprising 2 outside directors and 3 outside audit & supervisory board members, together with coordination among the three audit functions as a governance-enhancement measure.