Independence Criteria for Outside Officers and External Oversight Functions
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2025-Q1.
The whole theme swung hardest in 2019: 1 of 12 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2025-Q1RestatedAnnual report
「Pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act, the company has undergone a quarterly review by 晄和監査法人 of the quarterly financial statements for the first quarter accounting period (1 March 2024 to 31 May 2024) and the cumulative first-quarter period (1 March 2024 to 31 May 2024).」
It has been reconfirmed that, following the change in accounting auditors, 晄和監査法人 is responsible for the quarterly review of the current first-quarter accounting period and cumulative period. - FY2024AdvancedAnnual report
「The 2 outside directors and 2 outside audit & supervisory board members are independent officers as defined by the Tokyo Stock Exchange.」
The document states that the 2 outside directors and 2 outside audit & supervisory board members, 4 people in total, are independent officers, up from the 3 independent officers previously disclosed. - FY2022RestatedAnnual report
「The company considers its outside officers and candidates for outside officer positions to be independent of the company if they meet all of the following requirements.」
The independence criteria for outside officers, 3 independent officers and an objective, neutral monitoring function provided from outside have been reconfirmed. - FY2021RestatedAnnual report
「The company considers its outside officers and candidates for outside officer positions to be independent of the company if they meet all of the following requirements.」
The independence criteria for outside officers, 3 independent officers and an objective, neutral monitoring function provided from outside continue to be described. - FY2020First statedAnnual report
「The company considers its outside officers and candidates for outside officer positions to be independent of the company if they meet all of the following requirements.」
The independence criteria for outside officers are defined based on such factors as relationships with group officers and employees and major shareholders, major business relationships, professional service fees of ¥10 million or more, and donations of ¥10 million or more. The document also describes a system under which outside officers cooperate with the board of directors and the Internal Audit, Compliance and Internal Control Committee in exercising oversight.