Transition to a Company with an Audit and Supervisory Committee
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026Updated independent outside director compositionAnnual report
「As of the date of submission of the Annual Securities Report, 27 April 2026, the Board of Directors consists of 6 directors other than directors who are Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members, for a total of 9 directors. Of these, 3 are independent outside directors, meaning that independent outside directors account for at least one-third of the Board of Directors.」
The Board of Directors consists of 9 members, including 3 independent outside directors, with independent outside directors accounting for at least one-third of the Board. The composition has been updated. - FY2024RestatedAnnual report
「As of the date of submission of the Annual Securities Report, the Board of Directors consists of 6 directors other than directors who are Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members, for a total of 9 directors. Of these, 4 are outside directors, meaning that outside directors account for at least one-third of the Board of Directors.」
The company has reconfirmed the structure consisting of an Audit and Supervisory Committee and a supervisory framework with 4 outside directors out of 9 directors. - FY2019RestatedAnnual report
「The company has adopted the company-with-an-Audit-and-Supervisory-Committee structure to facilitate prompt and appropriate decision-making by the Board of Directors, strengthen the supervisory and auditing functions of outside directors, and ensure management transparency and fairness.」
The company continues to describe prompt decision-making through the company-with-an-Audit-and-Supervisory-Committee structure, supervision and auditing by outside directors, and the assurance of transparency and fairness. - FY2018RestatedAnnual report
「To achieve sustainable growth and enhance corporate value over the medium to long term, the company positions the enhancement of corporate governance as an important management issue. It has adopted the company-with-an-Audit-and-Supervisory-Committee structure to facilitate prompt and appropriate decision-making by the Board of Directors, strengthen the supervisory and auditing functions of outside directors, and ensure management transparency and fairness.」
The company continues to describe its governance structure based on the company-with-an-Audit-and-Supervisory-Committee structure, supervision and auditing by outside directors, and the assurance of transparency and fairness. - FY2017First statedAnnual report
「Pursuant to a resolution of the 103rd Annual General Meeting of Shareholders held on 27 April 2017, the company changed from a company with an audit & supervisory board to a company with an Audit and Supervisory Committee, effective 1 August 2017. Directors who are Audit and Supervisory Committee members have voting rights at meetings of the Board of Directors and have the authority to express the Audit and Supervisory Committee's opinion at a general meeting of shareholders on the appointment and dismissal and remuneration of directors other than directors who are Audit and Supervisory Committee members.」
The company has provided, for the first time, information on the change to a company with an Audit and Supervisory Committee and the voting and opinion rights of Audit and Supervisory Committee members.