Governance structure
Current: Company with a Board of Corporate Auditors. Proposed change: Company with an Audit and Supervisory Committee (scheduled for 26 June 2026)The Company will transition from a company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee. Provisions concerning the Board of Corporate Auditors and Corporate Auditors will be deleted, while provisions concerning the Audit and Supervisory Committee and its members, as well as provisions permitting the delegation of decisions on important business execution to directors, will be newly established. The upper limit on the number of directors will be changed from 15 or fewer to 18 or fewer.
| Item | Details |
|---|---|
| Corporate Governance Structure | Current: Company with a Board of Corporate Auditors. Proposed change: Company with an Audit and Supervisory Committee (scheduled for 26 June 2026) |
| Number of directors | Before change: 15 or fewer. After change: 18 or fewer (of whom 6 or fewer will be directors serving as Audit and Supervisory Committee members) |
| Committee | An Audit and Supervisory Committee will be established. The proportion of outside committee members is Not disclosed |
| Changes this time | The Company will transition from a company with a Board of Corporate Auditors to a Company with an Audit and Supervisory Committee. Provisions concerning the Board of Corporate Auditors and Corporate Auditors will be deleted, while provisions concerning the Audit and Supervisory Committee and its members, as well as provisions permitting the delegation of decisions on important business execution to directors, will be newly established. The upper limit on the number of directors will be changed from 15 or fewer to 18 or fewer. |
Items this document does not state (4)
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 supervisory functions of the Board of Directors and further enhance corporate governance.