Transition to a Company with an Audit and Supervisory Committee and Strengthening of Oversight by Outside Directors
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026Planned change in the composition of director candidatesAnnual report
「The company has proposed the election of 4 directors (excluding directors serving as Audit and Supervisory Committee members) and 3 directors serving as Audit and Supervisory Committee members as agenda items for the Ordinary General Meeting of Shareholders scheduled for 27 May 2026. If these proposals are approved, the company will have 7 directors, including 3 outside directors.」
A proposal has been presented to change the current composition from 3 directors and 3 Audit and Supervisory Committee members to 4 directors other than Audit and Supervisory Committee members and 3 Audit and Supervisory Committee members. - FY2025Update to Board of Directors composition and meeting frequencyAnnual report
「The Board of Directors consists of 3 directors, excluding directors who are audit and supervisory committee members, and 3 outside directors who are audit and supervisory committee members. In addition to meeting once a month, the Board holds extraordinary meetings as necessary, makes decisions on matters prescribed by laws and regulations and important management matters, and supervises the execution of duties. During the fiscal year, the Board of Directors met 13 times.」
The disclosure states that the board comprises 3 directors other than directors serving as Audit and Supervisory Committee members and 3 outside Audit and Supervisory Committee members, and that the Board of Directors met 13 times during the fiscal year. - FY2023RestatedAnnual report
「The Board of Directors consists of 4 directors, excluding directors who are audit and supervisory committee members, and 3 outside directors who are audit and supervisory committee members. In addition to meeting once a month, the Board holds extraordinary meetings as necessary, makes decisions on matters prescribed by laws and regulations and important management matters, and supervises the execution of duties.」
As a company with an audit and supervisory committee, the company again discloses the Board of Directors' oversight structure comprising 4 directors other than audit and supervisory committee members and 3 outside audit and supervisory committee members. - FY2021RestatedAnnual report
「The audit and supervisory committee consists of 3 directors who are audit and supervisory committee members, all of whom are outside directors.」
The structure of a company with an audit and supervisory committee, in which all 3 audit and supervisory committee members are outside directors, is disclosed again. - FY2020AdvancedAnnual report
「At the 62nd Annual General Meeting of Shareholders held on 27 May 2020, the company elected 3 outside directors.」
The company disclosed that 3 outside directors serving on the audit and supervisory committee were elected at the 62nd Annual General Meeting of Shareholders, providing details of the external oversight structure. - FY2018RestatedAnnual report
「Based on a resolution of the annual general meeting of shareholders held on 25 May 2016, the company changed from a company with a board of corporate auditors to a company with an audit and supervisory committee.」
The transition to a company with an audit and supervisory committee, and the oversight function of the audit and supervisory committee composed of 3 outside directors, are disclosed again. - FY2017AchievedAnnual report
「Based on a resolution of the annual general meeting of shareholders held on 25 May 2016, the company changed from a company with a board of corporate auditors to a company with an audit and supervisory committee.」
The company explains that the transition from a company with a board of corporate auditors to a company with an audit and supervisory committee has been completed. All 3 audit and supervisory committee members are outside directors, with the aim of strengthening the Board of Directors' oversight function and governance.