Addressing Director Liability Risks Through Directors and Officers Liability Insurance
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026RestatedAnnual report
「The company has entered into a directors' and officers' liability insurance agreement with an insurance company, naming all directors and executive officers as insured persons, as provided for in Article 430-3, Paragraph 1 of the Companies Act.」
The company continues its directors' and officers' liability insurance agreement covering directors and executive officers, with annual renewal and exclusions for criminal conduct and other matters. - FY2026-H1AdvancedAnnual report
「Based on the disposal of treasury shares as restricted stock compensation approved by the Board of Directors on 27 June 2025, the company disposed of 11,600 treasury shares on 25 July 2025.」
For restricted stock compensation, the company disposed of 11,600 treasury shares, an increase from the 10,200 shares disposed of in the previous disclosure. - FY2023AdvancedAnnual report
「Under the insurance agreement, the insurer indemnifies losses that may arise if an insured person is held liable in connection with the performance of their duties or receives a claim seeking to enforce such liability. The agreement is renewed annually. However, to ensure that the proper performance of duties by directors and other officers is not impaired, losses incurred by an officer personally as a result of criminal conduct such as bribery, or intentional unlawful conduct, are excluded from coverage.」
The company specifies the coverage, annual renewal, exclusions for criminal conduct and other matters, and the company's full payment of the insurance premiums under its directors' and officers' liability insurance. - FY2021First statedAnnual report
「The company has entered into a directors' and officers' liability insurance agreement with an insurance company, naming all directors, audit & supervisory board members, and executive officers as insured persons, as provided for in Article 430-3, Paragraph 1 of the Companies Act.」
The company disclosed for the first time a directors' and officers' liability insurance agreement covering directors, audit & supervisory board members, and executive officers, stating that the agreement is renewed annually.