Strengthening Management Oversight by Outside Directors
First written in FY2016. 8 of 18 entries say "Restated". Latest entry: FY2026.
9 other companies' latest entry also says "Other".
- FY2026Independent outside directors planned to increase to 7Annual report
「To strengthen management oversight and further enhance management soundness and transparency in the decision-making process, the Company has designated 7 of its 11 directors as independent outside directors.」
Shows a composition under which the number of independent outside directors would increase from 6 of the current 10 to 7 of 11, assuming the proposals at the Annual General Meeting of Shareholders are approved. - FY2025Updated the Board of Directors' composition to 6 independent outside directors out of 10.Annual report
「Of the 10 directors, 6 are independent outside directors.」
States that 6 of the 10 directors are independent outside directors, compared with 6 of 11 directors in the prior year. - FY2024Increased the number of independent outside directors to 6.Annual report
「To strengthen management oversight and further enhance management soundness and transparency in the decision-making process, the Company has designated 6 of its 11 directors as independent outside directors.」
The composition was reviewed from 5 of 9 directors in the prior year to 6 independent outside directors out of 11. - FY2022Increased the number of independent outside directors to 5.Annual report
「The Company has reviewed the composition of its Board of Directors to strengthen management oversight and further enhance management soundness and transparency in the decision-making process, and has designated 5 of its 9 directors as independent outside directors.」
The composition was reviewed from 4 of 9 directors in the prior-year disclosure to 5 independent outside directors out of 9, and an executive officer system was introduced to advance the separation of oversight from business execution. - FY2021Reviewed the Board of Directors' composition to 4 independent outside directors out of 9.Annual report
「The Company has reviewed the composition of its Board of Directors to strengthen management oversight and further enhance management soundness and transparency in the decision-making process, and has designated 4 of its 9 directors as independent outside directors. As a result, independent outside directors account for at least one-third of the Board of Directors, the ratio required for companies listed on the Prime Market under the Corporate Governance Code revised this year.」
The composition was reviewed from 5 of 12 directors previously and in the full-year disclosure to 4 independent outside directors out of 9. The Company has also introduced an executive officer system and is proceeding with the separation of oversight from business execution. - FY2020Updated the Board of Directors' composition to 5 outside directors out of 12.Annual report
「Of the 12 directors, 5 are outside directors as defined in Article 2, Item 15 of the Companies Act, in order to strengthen management oversight from outside the company, enhance management soundness, and increase transparency in the decision-making process. Likewise, of the 4 corporate auditors, 3 are outside corporate auditors as defined in Article 2, Item 16 of the Companies Act, in order to enhance the Audit & Supervisory Board's independence from the Board of Directors and strengthen its auditing function over the execution of duties.」
The full-year disclosure states that 5 of 12 directors are outside directors and 3 of 4 corporate auditors are outside corporate auditors, compared with 4 of 10 directors in the most recent quarterly disclosure. - FY2019-Q3RestatedAnnual report
「In addition, to establish a structure for implementing the measures described above, the Company has designated 4 of its 10 directors as outside directors in order to strengthen management oversight from outside the company, enhance management soundness, and increase transparency in the decision-making process. The term of office for directors is also set at 1 year in order to clarify management's accountability to shareholders further.」
Reiterates the structure for management oversight and accountability through 4 outside directors and 1-year terms for directors. - FY2018RestatedAnnual report
「Of the 10 directors, 4 are outside directors as defined in Article 2, Item 15 of the Companies Act, in order to strengthen management oversight from outside the company, enhance management soundness, and increase transparency in the decision-making process. Likewise, of the 4 corporate auditors, 3 are outside corporate auditors as defined in Article 2, Item 16 of the Companies Act, in order to enhance the Audit & Supervisory Board's independence from the Board of Directors and strengthen its auditing function over the execution of duties.」
Reiterates the structure comprising 4 outside directors and 3 outside corporate auditors. - FY2018-Q3RestatedAnnual report
「In addition, to establish a structure for implementing the measures described above, the Company has designated 4 of its 10 directors as outside directors in order to strengthen management oversight from outside the company, enhance management soundness, and increase transparency in the decision-making process. The term of office for directors is also set at 1 year in order to clarify management's accountability to shareholders further.」
Reiterates the structure for management oversight and accountability through 4 outside directors and 1-year terms for directors. - FY2018-Q2RestatedAnnual report
「In addition, to establish a structure for implementing the measures described above, the Company has designated 4 of its 10 directors as outside directors in order to strengthen management oversight from outside the company, enhance management soundness, and increase transparency in the decision-making process. The term of office for directors is also set at 1 year in order to clarify management's accountability to shareholders further.」
Reiterates the structure for management oversight and accountability through 4 outside directors and 1-year terms for directors. - FY2018-Q1RestatedAnnual report
「In addition, to establish a structure for implementing the measures described above, the Company has designated 4 of its 10 directors as outside directors in order to strengthen management oversight from outside the company, enhance management soundness, and increase transparency in the decision-making process. The term of office for directors is also set at 1 year in order to clarify management's accountability to shareholders further.」
Reiterates the structure for management oversight and accountability through 4 outside directors and 1-year terms for directors. - FY2017Update to the composition of the Board of DirectorsAnnual report
「Of the 10 directors, 4 are outside directors as defined in Article 2, Item 15 of the Companies Act, in order to strengthen management oversight from outside the company, enhance management soundness, and increase transparency in the decision-making process. Likewise, of the 4 corporate auditors, 3 are outside corporate auditors as defined in Article 2, Item 16 of the Companies Act, in order to enhance the Audit & Supervisory Board's independence from the Board of Directors and strengthen its auditing function over the execution of duties.」
States that 4 of the 10 directors and 3 of the 4 corporate auditors are outside directors and outside corporate auditors, respectively. - FY2017-Q3RestatedAnnual report
「In addition, to establish a structure for implementing the measures described above, we are strengthening management oversight from outside the company and enhancing management soundness and the transparency of the decision-making process by having 5 outside directors among the 12 directors. In addition, the term of office for directors is 1 year in order to clarify management’s responsibility to shareholders further.」
Reiterates the policy of strengthening management oversight and clarifying accountability through 5 outside directors and 1-year terms for directors. - FY2017-Q2RestatedAnnual report
「In addition, to establish a structure for implementing the measures described above, we are strengthening management oversight from outside the company and enhancing management soundness and the transparency of the decision-making process by having 5 outside directors among the 12 directors. In addition, the term of office for directors is 1 year in order to clarify management’s responsibility to shareholders further.」
It reiterates the policy of management oversight and responsibility clarification through 5 outside directors and 1-year terms of office for directors. - FY2016First statedAnnual report
「To strengthen management oversight from outside the company and enhance management soundness and the transparency of the decision-making process, 5 of the 12 directors are outside directors. In addition, the term of office for directors is 1 year in order to clarify management’s responsibility to shareholders further.」
The company seeks to strengthen oversight and clarify responsibilities through 5 outside directors and 1-year terms of office for directors.