Independence Criteria for Outside Directors and Appointment of Independent Officers
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Update to the composition of independent officersAnnual report
「In addition, the criteria for the independence of outside directors are as follows. The Company has reported all of its current outside directors to the Tokyo Stock Exchange as independent officers in accordance with the Exchange's rules.」
Previously, 3 of the 4 outside directors were independent officers, but the Company states that under the current structure, which includes the change from Miyake Kunihiko (宮家邦彦) to Chiba Akira (千葉明), all outside directors will be reported as independent officers. - FY2024RestatedAnnual report
「The Company has reported its 3 outside directors, Miyake Kunihiko (宮家邦彦), Nomoto Mika (野元三夏) and Uemura Taeko (上村多恵子), to the Tokyo Stock Exchange as independent officers in accordance with the Exchange's rules.」
The Company has reconfirmed its arrangement of reporting 3 of its 4 outside directors as independent officers, as well as its independence criteria. - FY2021SoftenedAnnual report
「In addition, the Company's criteria for the independence of outside directors are as follows. The Company has reported its 3 outside directors, Miyake Kunihiko (宮家邦彦), Nomoto Mika (野元三夏) and Uemura Taeko (上村多恵子), to the Tokyo Stock Exchange as independent officers in accordance with the Exchange's rules.」
Although there are 4 outside directors, the number reported as independent officers has decreased from the previously stated 4 to 3. - FY2020AdvancedAnnual report
「The Company has established the following independence criteria for appointing outside directors and has registered its 4 outside directors, Kunihiko Miyake (宮家 邦彦), Nobuhide Endo (遠藤 信英), Mika Nomoto (野元 三夏), and Taeko Uemura (上村 多恵子), with the Tokyo Stock Exchange as independent officers in accordance with the Exchange's rules.」
While maintaining the independence criteria, the number of outside directors reported as independent officers has increased from the previous 3 to 4. - FY2019RestatedAnnual report
「The Company has established the following independence criteria for appointing outside directors and has registered its 3 outside directors, Kunihiko Miyake (宮家 邦彦), Nobuhide Endo (遠藤 信英), and Mika Nomoto (野元 三夏), with the Tokyo Stock Exchange as independent officers in accordance with the Exchange's rules.」
The Company has reconfirmed its independence criteria for outside directors and its arrangement under which 3 directors are registered as independent officers. - FY2018First statedAnnual report
「The Company determines that an outside director lacks independence if the director falls under any of the following criteria.」
The Company defines major business partners, experts receiving compensation above a specified amount, major shareholders, and executive officers of a parent company or sister company, among others, as cases in which an outside director lacks independence. The criteria are payments exceeding 2% of annual payments for major business partners, average annual compensation exceeding ¥10 million over the past 3 years for experts, and voting rights of 10% or more for major shareholders. The Company has also registered 3 outside directors as independent officers.