Limitation of Liability Agreements with Directors and Other Officers
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 1 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Conditions for applying agreements limiting liability specifiedAnnual report
「These agreements are permitted only when the relevant officer acts in good faith and without gross negligence in performing their duties.」
The Company states the parties covered by the liability-limitation agreements and the minimum liability limit prescribed by law, as well as the condition that the agreements are permitted only when the officer acts in good faith and without gross negligence. - 2026-04-11SoftenedGeneral Meetings of Shareholders
「●There are no special interests between the candidate and the Company.」
In the corrected description concerning the director candidate, the statement that the Company planned to enter into an agreement with the candidate limiting liability for damages under Article 423, Paragraph 1 of the Companies Act if the proposal were approved was removed, leaving only the statement that there are no special interests. - FY2021RestatedAnnual report
「The Company has entered into agreements with all directors, excluding directors who are executive directors or equivalent, and all outside directors, pursuant to Article 427, Paragraph 1 of the Companies Act, limiting their liability for damages under Article 423, Paragraph 1 of the same Act. The maximum liability for damages under these agreements is the minimum liability limit prescribed by law.」
The Company has reconfirmed its agreements limiting liability with non-executive directors and outside directors. - FY2019RestatedAnnual report
「The Company has entered into agreements with all directors, excluding directors who are executive directors or equivalent, and all outside directors, pursuant to Article 427, Paragraph 1 of the Companies Act, limiting their liability for damages under Article 423, Paragraph 1 of the same Act. The maximum liability for damages under these agreements is the minimum liability limit prescribed by law.」
The Company has reiterated its agreements limiting liability with all directors, excluding executive directors and equivalent officers, and all outside directors. - FY2018First statedAnnual report
「The Company has entered into agreements with all directors, excluding directors who are executive directors or equivalent, and all outside directors, pursuant to Article 427, Paragraph 1 of the Companies Act, limiting their liability for damages under Article 423, Paragraph 1 of the same Act. The maximum liability for damages under these agreements is the minimum liability limit prescribed by law.」
The Company has entered into agreements limiting liability with all directors, excluding executive directors and equivalent officers, and all outside directors, with the maximum liability for damages set at the minimum liability limit prescribed by law.