Separation of Oversight and Execution through Outside Officer and Executive Officer Systems
First written in FY2016. 9 of 12 entries say "Restated". Latest entry: 2026-06-24.
- 2026-06-24RestatedGovernance
「Oversight Functions」
The corporate governance structure chart continues to show the Board of Directors' oversight function, audits by the Audit and Supervisory Committee, and the separation and coordination of executive functions. - FY2026RestatedAnnual report
「As its organizational structure under the Companies Act, the Company has adopted a company with an Audit and Supervisory Committee. Independent outside directors constitute a majority of the Board of Directors, and the Company has established advisory bodies to the Board chaired by an independent outside director, among other measures, to strengthen the Board's oversight function. It also seeks swift and appropriate decision-making by delegating authority to directors responsible for business execution and through other measures, and has established the following effective corporate governance structure.」
It continues to maintain the separation of oversight and execution through a company with an Audit and Supervisory Committee, a majority of outside directors, and delegated authority. - FY2024AchievedAnnual report
「As its organizational structure under the Companies Act, the Company has adopted a company with an Audit and Supervisory Committee. Independent outside directors constitute a majority of the Board of Directors, and the Company has established advisory bodies to the Board chaired by an independent outside director, among other measures, to strengthen the Board's oversight function. It also seeks swift and appropriate decision-making by delegating authority to directors responsible for business execution and through other measures, and has established the following effective corporate governance structure.」
The transition on 1 October 2023 to a holding company structure and a company with an Audit and Supervisory Committee was completed, and a structure separating oversight and execution, with outside directors constituting a majority, is in operation. - FY2023ReframedAnnual report
「The Company plans to transition to a pure holding company with an Audit and Supervisory Committee on 1 October 2023. By having independent outside directors constitute a majority of the Board of Directors and establishing advisory bodies to the Board chaired by an independent outside director, among other measures, it will strengthen the Board's oversight function. It will also seek swift and appropriate decision-making by delegating authority to directors responsible for business execution and through other measures, striving to establish an effective corporate governance structure.」
It plans to transition from the previous structure based on a company with an Audit & Supervisory Board and an executive officer system to a pure holding company with an Audit and Supervisory Committee, reorganizing the oversight and execution structure around a majority of outside directors and delegated authority. - FY2022RestatedAnnual report
「To enhance corporate value, the Company has established the following effective corporate governance structure based on a company with an Audit & Supervisory Board. It is strengthening oversight and auditing through the appointment of independent outside directors and outside Audit & Supervisory Board members, while seeking swift and appropriate decision-making through the adoption of an executive officer system.」
It continues to maintain a structure combining oversight and auditing by outside officers with swift execution through the executive officer system. - FY2021RestatedAnnual report
「To enhance corporate value, the Company has established the following effective corporate governance structure based on a company with an Audit & Supervisory Board. It is strengthening oversight and auditing through the appointment of independent outside directors and outside Audit & Supervisory Board members, while seeking swift and appropriate decision-making through the adoption of an executive officer system.」
It continues to maintain a structure combining oversight and auditing by outside officers with swift execution through the executive officer system. - FY2020RestatedAnnual report
「To enhance corporate value, the Company has established the following effective corporate governance structure based on a company with an Audit & Supervisory Board. It is strengthening oversight and auditing through the appointment of independent outside directors and outside Audit & Supervisory Board members, while seeking swift and appropriate decision-making through the adoption of an executive officer system.」
It reaffirms a structure combining oversight and auditing by outside officers with swift execution through the executive officer system. - FY2019RestatedAnnual report
「To enhance corporate value, the Company has established the following effective corporate governance structure based on a company with an Audit & Supervisory Board. It is strengthening oversight and auditing through the appointment of independent outside directors and outside Audit & Supervisory Board members, while seeking swift and appropriate decision-making through the adoption of an executive officer system.」
It reaffirms a governance policy combining oversight and auditing by outside officers with swift execution through the executive officer system. - FY2018RestatedAnnual report
「To achieve sustained enhancement of the five values set out in its vision based on its management philosophy, the Group will continually pursue a balance between management oversight and business execution appropriate to the Group. It will also work to enhance corporate governance by establishing a structure for sound, transparent, fair, swift, and decisive decision-making that does not conflict with social ethics.」
It reaffirms its policy of pursuing a balance between oversight and execution and sound, transparent, and fair decision-making to support the enhancement of the five values. - FY2016First statedAnnual report
「To enhance corporate value, the Company has established the following effective corporate governance structure based on a company with an Audit & Supervisory Board. It is strengthening oversight and auditing through the appointment of independent outside directors and outside Audit & Supervisory Board members, while seeking swift and appropriate decision-making through the adoption of an executive officer system.」
A structure combining outside directors, outside Audit & Supervisory Board members, and the executive officer system to strengthen oversight and auditing and accelerate decision-making.