Strengthening Oversight Functions through Outside Officers and the Audit Framework
First written in FY2016. 5 of 11 entries say "Advanced", first in FY2019. Latest entry: 2026-06-02.
The whole theme swung hardest in 2023: 14 of 103 companies on the "Worse" side.
- 2026-06-02AdvancedGeneral Meetings of Shareholders
「We would like to request the election of 6 directors, including 3 outside directors.」
The company nominated 6 directors, including 3 outside directors, to serve after the annual general meeting of shareholders. It also presented a proposal for the election of 3 directors who are Audit and Supervisory Committee members. - FY2025AdvancedAnnual report
「To further strengthen the Board of Directors' oversight function, the company has established a board structure in which 6 of the 9 directors, including 3 directors who are Audit and Supervisory Committee members, are outside directors, including 5 independent outside directors, giving outside directors a majority.」
While maintaining a structure with 6 outside directors, the company expressly states that 5 are independent outside directors, clarifying the composition of its external oversight function. - FY2024AdvancedAnnual report
「The company's Board of Directors comprises 6 directors who are not Audit and Supervisory Committee members, including 3 outside directors, and 3 directors who are Audit and Supervisory Committee members, all of whom are outside directors. As 6 of the 9 directors are outside directors, the company considers its external management oversight function sufficiently effective.」
The Board of Directors was reorganized into a structure of 9 directors, including 6 outside directors, expanding the external oversight function from the previous fiscal year's structure of 5 outside directors. - FY2023Expansion of the Board of Directors and outside director structureAnnual report
「The company considers its external management oversight function sufficiently effective because its directors who are not Audit and Supervisory Committee members comprise 5 directors, including 2 outside directors, while its directors who are Audit and Supervisory Committee members comprise 4 directors, including 3 outside directors.」
The structure changed from 3 directors who were not Audit and Supervisory Committee members in the previous fiscal year to 5, resulting in a structure with 5 outside directors. The company also stated that it had newly appointed 2 independent outside directors. - FY2022Change in the composition of the board of directorsAnnual report
「The company considers its external management oversight function sufficiently effective because its directors who are not Audit and Supervisory Committee members comprise 3 directors, while its directors who are Audit and Supervisory Committee members comprise 4 directors, including 3 outside directors.」
The Company with an Audit and Supervisory Committee structure has been maintained, while the number of directors who are not Audit and Supervisory Committee members changed from the 7 stated previously to 3. There are 4 Audit and Supervisory Committee members, including 3 outside directors. - FY2021RestatedAnnual report
「The company is a Company with an Audit and Supervisory Committee. The purpose is to further strengthen corporate governance and enhance corporate value by achieving faster decision-making and greater management efficiency through the progressive delegation of authority to executive directors to make important business decisions, while strengthening the Board of Directors' oversight function by having the Board perform its core functions of deciding management policies and important business matters and supervising the execution of directors' duties, and by having directors who are Audit and Supervisory Committee members hold voting rights at Board meetings. The company considers its external management oversight function sufficiently effective because its directors who are not Audit and Supervisory Committee members comprise 7 directors, including 1 outside director, and its directors who are Audit and Supervisory Committee members comprise 4 directors, including 3 outside directors.」
Under the Company with an Audit and Supervisory Committee structure, the company has reconfirmed its oversight structure comprising 7 directors who are not Audit and Supervisory Committee members and 4 Audit and Supervisory Committee members, including 4 outside directors. - FY2020AdvancedAnnual report
「The company is a Company with an Audit and Supervisory Committee. The purpose is to further strengthen corporate governance and enhance corporate value by achieving faster decision-making and greater management efficiency through the progressive delegation of authority to executive directors to make important business decisions, while strengthening the Board of Directors' oversight function by having the Board perform its core functions of deciding management policies and important business matters and supervising the execution of directors' duties, and by having directors who are Audit and Supervisory Committee members hold voting rights at Board meetings. The company considers its external management oversight function sufficiently effective because its directors who are not Audit and Supervisory Committee members comprise 7 directors, including 1 outside director, and its directors who are Audit and Supervisory Committee members comprise 4 directors, including 3 outside directors.」
Under the Company with an Audit and Supervisory Committee structure, the company has 7 directors who are not Audit and Supervisory Committee members and 4 Audit and Supervisory Committee members, including 4 outside directors. - FY2019AdvancedAnnual report
「The company is a Company with an Audit and Supervisory Committee. The purpose is to further strengthen corporate governance and enhance corporate value by achieving faster decision-making and greater management efficiency through the progressive delegation of authority to executive directors to make important business decisions, while strengthening the Board of Directors' oversight function by having the Board perform its core functions of deciding management policies and important business matters and supervising the execution of directors' duties, and by having directors who are Audit and Supervisory Committee members hold voting rights at Board meetings.」
Under the Company with an Audit and Supervisory Committee structure, the company has 3 outside directors who are Audit and Supervisory Committee members, implementing swift execution through delegated authority and strengthening the oversight function. - FY2018ReframedAnnual report
「The company is a company with an Audit and Supervisory Committee and consists of 5 directors who are not Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members, all 3 of whom are outside directors.」
The company changed from the previous structure of outside directors and outside corporate auditors to a Company with an Audit and Supervisory Committee, including 3 outside directors. - FY2017RestatedAnnual report
「The company has 3 outside directors and 2 outside corporate auditors. The outside directors and outside corporate auditors are responsible for strengthening oversight of the company's business execution, establishing an appropriate governance structure, and ensuring systems for proper internal control.」
The company has reiterated its structure for oversight and internal control involving 3 outside directors and 2 outside corporate auditors. - FY2016First statedAnnual report
「The company has 3 outside directors and 2 outside corporate auditors. The outside directors and outside corporate auditors are responsible for strengthening oversight of the company's business execution, establishing an appropriate governance structure, and ensuring systems for proper internal control.」
The company uses a structure including 3 outside directors and 2 outside corporate auditors to oversee business execution and ensure internal control.