Transition to a Company with an Audit and Supervisory Committee
First written in FY2016. 5 of 10 entries say "Restated". Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Board of Directors consists of 11 directors, including 6 outside directors, and generally meets at least once every 2 months. Important management matters are thoroughly deliberated in advance by the Management Strategy Meeting, which comprises the full-time directors, including the chair of the Audit & Supervisory Committee, before being submitted to the Board of Directors.」
The Board of Directors increased from 10 to 11 members, while the structure including 6 outside directors and prior deliberation by the Management Strategy Meeting continued. - 2026-06-04RestatedGovernance
「At the same time, while serving as chair of the Nomination and Compensation Committee, you are responsible for improving the effectiveness of audits by the Audit and Supervisory Committee, the Audit and Supervisory Committee, and the Board of Directors.」
In connection with the continued designation of the independent officer, the role of the outside director in the Nomination and Compensation Committee, the Audit and Supervisory Committee, and the Board of Directors was reaffirmed. - FY2024AdvancedAnnual report
「The Board of Directors consists of 10 directors, including 6 outside directors, and generally meets at least once every 2 months. Important management matters are thoroughly deliberated in advance by the Management Strategy Meeting, which comprises the full-time directors, including the chair of the Audit & Supervisory Committee, before being submitted to the Board of Directors.」
The Company disclosed details of its structure as a company with an Audit & Supervisory Committee, comprising 10 directors including 6 outside directors, with prior deliberation by the Management Strategy Meeting. - FY2022RestatedAnnual report
「During the fiscal year, the Company held a total of 10 Audit & Supervisory Committee meetings, each lasting approximately 2 hours.」
The structure of the Audit & Supervisory Committee, comprising 5 members (1 full-time and 4 outside members), and the record of 10 meetings held during the year continued to be disclosed. - FY2021AdvancedAnnual report
「The Audit and Supervisory Committee meets at least once every 2 months in principle. During the current fiscal year, it met 10 times in total, with each meeting lasting approximately 2 hours.」
The Audit & Supervisory Committee consists of 5 members, and its 10 meetings held during the year and the matters deliberated were disclosed in detail. - FY2020AdvancedAnnual report
「The Audit and Supervisory Committee comprises 5 Audit and Supervisory Committee members, including 1 full-time member and 4 members who are outside directors. In principle, it meets at least once every 2 months to deliberate and resolve important management matters, the results of audits by the Audit and Supervisory Committee and internal audits, and the results of audits by the accounting auditor, among other matters.」
The composition of the Audit and Supervisory Committee, its 5-member structure including 4 outside directors, its meeting frequency and the matters deliberated were disclosed in specific terms. - FY2019RestatedAnnual report
「The Board of Directors is positioned as the body responsible for making decisions on matters prescribed by law and important matters concerning management, as well as supervising the directors.」
The corporate governance structure of a company with an Audit and Supervisory Committee and the supervisory structure provided by the Board of Directors, including outside directors, continue. - FY2018RestatedAnnual report
「The Board of Directors comprises 8 members, including 4 outside directors. It is positioned as the body responsible for making decisions on matters prescribed by law and important matters concerning management, as well as supervising the directors.」
The structure following the transition to a company with an Audit and Supervisory Committee continues, with a supervisory structure provided by the Board of Directors, including 4 outside directors. - FY2017RestatedAnnual report
「At the Annual General Meeting of Shareholders held on 24 June 2016, amendments to the Articles of Incorporation providing for the transition to a company with an Audit and Supervisory Committee were approved. Accordingly, the Company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee as of that date.」
The corporate governance structure following the transition to a company with an Audit and Supervisory Committee, including the supervisory structure with outside directors, continues. - FY2016First statedAnnual report
「At the Annual General Meeting of Shareholders held on 24 June 2016, amendments to the Articles of Incorporation providing for the transition to a company with an Audit and Supervisory Committee were approved. Accordingly, the Company changed from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee as of that date. Following the transition, the structure comprises 5 directors excluding directors who are Audit and Supervisory Committee members, including 1 outside director, and 4 directors who are Audit and Supervisory Committee members, including 3 outside directors.」
The corporate governance structure changed as of 24 June 2016, with the Company stating that the supervisory function of the Board of Directors would be strengthened through directors who are Audit and Supervisory Committee members.