Introduction of Directors’ and Officers’ Liability Insurance
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: 2026-04-22.
- 2026-04-22RestatedGeneral Meetings of Shareholders
「At the next renewal, we plan to renew the contract on the same terms.」
States that the directors’ and officers’ liability insurance contract is scheduled to be renewed on the same terms. - FY2025RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The company’s directors are insured persons, and the policy covers damages and litigation costs arising from acts performed in their capacity as directors.」
The company continues its framework of maintaining a directors and officers liability insurance policy covering its directors and providing for certain exclusions. - FY2024RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The company’s directors are insured persons, and the policy covers damages and litigation costs arising from acts performed in their capacity as directors.」
The company continues its framework of maintaining a directors and officers liability insurance policy covering its directors, with acts performed with knowledge of a violation of laws or regulations and other acts excluded from coverage. - FY2023First statedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The company’s directors are insured persons, and the policy covers damages and litigation costs arising from acts performed in their capacity as directors. However, the policy includes certain exclusions, including damages arising from acts performed with knowledge that they violated laws or regulations, to ensure that the proper execution of directors’ duties is not compromised. The company bears the full cost of the insurance premiums.」
The company has entered into a directors and officers liability insurance policy covering its directors and compensating damages, litigation costs and other expenses, while excluding acts performed with knowledge of a violation of laws or regulations.