Governance Focused on Transparency, Accountability and Outside Officers
First written in FY2016. 5 of 8 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2023: 15 of 102 companies on the "Worse" side.
- FY2026Planned decrease in the number of independent officersAnnual report
「The Company has established independence criteria for its outside directors and outside Audit & Supervisory Board members in appointing outside officers, and had appointed 5 independent officers as of 16 June 2026, the date of submission of the Annual Securities Report. Following the retirement of 1 independent officer after the Annual General Meeting of Shareholders scheduled for 23 June 2026, the number of independent officers is expected to be 4.」
The number of independent officers is expected to decrease from 5 as of the submission date to 4 after the Annual General Meeting of Shareholders. - FY2025.Annual report
「During the fiscal year, the Nomination and Compensation Committee held extensive discussions mainly on the succession plan for the representative director and the development of candidates for female executive officers. For the development of female executive officer candidates, candidates were selected from among female managers, and interviews with outside directors led to the implementation of training suited to their qualifications. The committee also considered establishing criteria that would trigger discussion of the dismissal or non-renewal of the representative director and ultimately proposed to the Board of Directors criteria incorporating these matters.」
The Nomination and Compensation Committee discussed in concrete terms the succession plan, development of female executive officer candidates, and criteria for the dismissal or non-renewal of the representative director, and proposed the criteria to the Board of Directors. - FY2024.Annual report
「During the fiscal year, the Nomination and Compensation Committee identified increasing transparency in the process for appointing and dismissing management as an issue and held repeated discussions, particularly on establishing criteria that should trigger discussion of the dismissal or non-renewal of the representative director.」
Under a policy emphasizing transparency and outside officers, the Nomination and Compensation Committee discussed criteria for the dismissal or non-renewal of the representative director and proceeded to recommend and introduce them to the Board of Directors. - FY2020.Annual report
「The Company has established a Governance Committee and a Nomination and Compensation Committee as optional advisory bodies to the Board of Directors.」
In addition to the existing Governance Committee, the Company has established a Nomination and Compensation Committee to address the fairness, objectivity, and transparency of the appointment and dismissal of directors, representative directors, and Audit & Supervisory Board members, as well as compensation. - FY2018.Annual report
「The Company established a Governance Committee as an optional advisory body to the Board of Directors. The committee examines the Company's corporate governance and management from the perspective of minority shareholders and advises the Board of Directors on the appropriateness of the process leading to management decisions. It also confirms the appropriateness and fairness of transactions with related parties, as well as the appropriateness of the appointment and dismissal of directors and executive compensation.」
In addition to emphasizing transparency and outside officers, the Company has established a Governance Committee to review related-party transactions, the appointment and dismissal of officers, and compensation from the perspective of minority shareholders. - FY2016.Annual report
「The Company regards management transparency, improved accountability, and greater management efficiency for shareholders and other stakeholders as the fundamentals of corporate governance. Accordingly, the Company actively appoints outside directors and outside Audit & Supervisory Board members, and is working to establish a highly transparent governance structure and provide timely and appropriate disclosure of information.」
The Company regards the appointment of outside directors and outside Audit & Supervisory Board members and timely and appropriate disclosure of information as the fundamentals of governance.