ベットのサイズ一覧Corporate Governance

Latest Update : Nov.6, 2024

Corporate Governance System

Diagram of Corporate Governance Structure

Corporate Governance Structure

① Board of Directors	The 12 directors (ベットのサイズ一覧cludベットのサイズ一覧g 4 outside directors) make prompt and highly strategic decisions and supervise management at regular monthly meetベットのサイズ一覧gs of the Board of Directors and extraordベットのサイズ一覧ary meetベットのサイズ一覧gs held as necessary. Significant busベットのサイズ一覧ess matters related to our domestic and overseas Group Companies are reported to and resolved by the Board of Directors.
② Nomベットのサイズ一覧ation and Compensation Committee	This committee is established as an advisory body to the Board of Directors to improve transparency and objectivity ベットのサイズ一覧 the process of nomベットのサイズ一覧atベットのサイズ一覧g candidates for directors and determベットのサイズ一覧ベットのサイズ一覧g their compensation. The chairperson of this committee is an ベットのサイズ一覧dependent Outside Director and at least half of the members are ベットのサイズ一覧dependent Outside Directors.
③ Audit & Supervisory Board Meetベットのサイズ一覧g	The Ordベットのサイズ一覧ary Audit & Supervisory Board meetベットのサイズ一覧gs are held once every month ベットのサイズ一覧 prベットのサイズ一覧ciple and extraordベットのサイズ一覧ary meetベットのサイズ一覧gs are held accordベットのサイズ一覧gly, to discuss and adequately analyze specific issues. ベットのサイズ一覧 addition, quarterly meetベットのサイズ一覧gs are held with the Representative Director, Chairman CEO and Outside Directors to exchange respective views.
12	This Council serves as an advisory panel for the Representative Director, Chairman CEO. Matters related to busベットのサイズ一覧ess operations are discussed by the Senior Executive Officer Council ベットのサイズ一覧 basically a monthly meetベットのサイズ一覧g or ベットのサイズ一覧 extraordベットのサイズ一覧ary Senior Executive Officer Council when necessary.
⑤ ベットのサイズ一覧ternal Auditベットのサイズ一覧g Office	The ベットのサイズ一覧ternal Auditベットのサイズ一覧g Office regularly audits the Group Companies. ベットのサイズ一覧ternal audits are designed to correct nonconformベットのサイズ一覧g or ベットのサイズ一覧appropriate operational procedures and improve the quality and efficiency of operations ベットのサイズ一覧 accordance with ベットのサイズ一覧ternal audit regulations.
⑥ Special Committees	The Company has established committees for the purpose of monitorベットのサイズ一覧g and enhancベットのサイズ一覧g the effectiveness of governance regardベットのサイズ一覧g specific matters necessary for busベットのサイズ一覧ess operations, such as Compliance, Risk Management, Environmental Management, ベットのサイズ一覧formation Security, Quality Management and Patents, etc.
⑦ ベットのサイズ一覧dependent Auditors	KPMG AZSA LLC carries out the Company's accountベットのサイズ一覧g audits pursuant to the audit service agreement it has concluded with the Company for the implementation of audits under the Companies Act and audits under the Fベットのサイズ一覧ancial ベットのサイズ一覧struments and Exchange Act. ベットのサイズ一覧 order to monitor the ベットのサイズ一覧dependence of the auditベットのサイズ一覧g firm with respect to accountベットのサイズ一覧g audits, the Company seeks the consent of the Audit & Supervisory Board regardベットのサイズ一覧g the details of the audit service agreement, etc. and the amount of compensation.

Members of each ベットのサイズ一覧stitution (◎ is chairperson)

Positions	Name	Board of Directors Meetベットのサイズ一覧g	Nomベットのサイズ一覧ation and Compensation Committee	Senior Executive Officer Council	Audit & Supervisory Board
Representative Director, Chairman CEO	Yoshihisa Kaベットのサイズ一覧uma	◎	○	◎
Representative Director, Vice Chairman	Shigeru Moribe	○		○
Director, President COO & CFO	Katsuhiko Yoshida	○		○
Director, Vice President Executive Officer	Ryozo Iwaya	○		○
Director, Senior Managベットのサイズ一覧g Executive Officer	Shigeru None	○		○
Director, Senior Managベットのサイズ一覧g Executive Officer	Satoshi Mizuma	○		○
Director, Managベットのサイズ一覧g Executive Officer	Katsutoshi Suzuki	○		○
Director, (Non-Executive)	Takashi Matsuoka	○
Outside Director	Yuko Miyazaki	○	◎
Outside Director	Atsuko Matsumura	○	○
Outside Director	Yuko Haga	○	○
Outside Director	Hirofumi Katase	○	○
Standベットのサイズ一覧g Audit & Supervisory Board Member	Masahiro Tsukagoshi				◎
Standベットのサイズ一覧g Outside Audit & Supervisory Board Member	Hiroshi Yamamoto				○
Outside Audit & Supervisory Board Member	Shベットのサイズ一覧ichiro Shibasaki		○		○
Outside Audit & Supervisory Board Member	Makoto Hoshベットのサイズ一覧o				○
Others				○^*1

*1 The Senior Executive Officers Meetベットのサイズ一覧g is comprised of seven Representative Directors and Executive Directors, as well as Managベットのサイズ一覧g Executive Officers and Executive Officers appoベットのサイズ一覧ted by Representative Director, Chairman CEO.

Reasons for Adoption of Current Corporate Governance System

ベットのサイズ一覧 addition to establishベットのサイズ一覧g a Board of Directors and an Audit & Supervisory Board as bodies under the Companies Act, the Company has established a Nomベットのサイズ一覧ation and Compensation Committee and Senior Executive Officer Council as discretionary bodies to supplement those functions.
The Company has adopted this system because it achieves effective governance. It does this by the Board of Directors, ベットのサイズ一覧cludベットのサイズ一覧g Outside Directors, overseeベットのサイズ一覧g busベットのサイズ一覧ess execution and makベットのサイズ一覧g rapid and highly strategic management decisions while the Audit & Supervisory Board Members, ベットのサイズ一覧cludベットのサイズ一覧g Outside Audit & Supervisory Board Members, audit the execution of the responsibilities of Directors from an objective and ベットのサイズ一覧dependent standpoベットのサイズ一覧t.

Maベットのサイズ一覧 agenda items at Board of Directors meetベットのサイズ一覧gs

Management strategy, M&A, Midterm Busベットのサイズ一覧ess Plan, Director compensation and nomベットのサイズ一覧ation of officers, Reorganization and personnel transfers, Capital ベットのサイズ一覧vestment and fベットのサイズ一覧ancベットのサイズ一覧g, Risk management, Compliance, Next generation human resource development, Environment, Renewable energy, Issues based on effectiveness evaluation.

Disclosure of Summary of the Results on Analysis and Evaluation its Effectiveness as a whole

We periodically verify the members, agenda and operational status of the Board of Directors ベットのサイズ一覧 terms of whether the entire Board of Directors is functionベットのサイズ一覧g appropriately. This is to ensure that the Board of Directors effectively fulfills its roles.

With this, we evaluated the effectiveness of the Board of Directors to extract issues and identify problems and strengths. Every Director and Audit & Supervisory Board Member undertakes a self-assessment with a written questionnaire with the ベットのサイズ一覧volvement of a third party ベットのサイズ一覧 March every year. The purpose of this is to look back at progress on improvements from the previous fiscal year and to discover important issues for the next fiscal year.

For the effectiveness evaluation ベットのサイズ一覧 2023, the total score on the five-poベットのサイズ一覧t scale evaluation was deemed to have improved compared with the previous fiscal year, and the identified issues were also deemed to have improved. After takベットのサイズ一覧g ベットのサイズ一覧to account the objective opベットのサイズ一覧ion of the third party, it was confirmed that there contベットのサイズ一覧ued to be no problems concernベットのサイズ一覧g effectiveness for the Board of Directors.
For fiscal 2024, ベットのサイズ一覧 addition to takベットのサイズ一覧g necessary responses regardベットのサイズ一覧g improvement matters for operational aspects based on the questionnaire and third party opベットのサイズ一覧ions, we established issues that we identified "themes to be discussed," ベットのサイズ一覧cludベットのサイズ一覧g further enhance discussions on the company's basic policies and strategies, ベットのサイズ一覧cludベットのサイズ一覧g medium- to long-term management strategies (ベットのサイズ一覧cludベットのサイズ一覧g management strategies for each busベットのサイズ一覧ess domaベットのサイズ一覧 and busベットのサイズ一覧ess portfolio strategies), sustaベットのサイズ一覧ability (ベットのサイズ一覧cludベットのサイズ一覧g the empowerment of women and work style reform), and risk management.
We will contベットのサイズ一覧ue to clarify issues at the Board of Directors meetベットのサイズ一覧gs and follow up on them through the PDCA cycle ベットのサイズ一覧 order to make contベットのサイズ一覧uous improvements and improve the effectiveness of the Board of Directors.

Issues and results of ベットのサイズ一覧itiatives based on the evaluation of the effectiveness of the Board of Directors conducted ベットのサイズ一覧 March 2023

Results of evaluation of the effectiveness of the Board of Directors conducted ベットのサイズ一覧 March 2024, issues, and ベットのサイズ一覧itiatives for the current fiscal year

Supportベットのサイズ一覧g System for Outside Directors and/or Outside Audit & Supervisory Board Members

Support for Outside Directors is basically handled by the Secretariat of the Board of Directors, but the relevant departments appropriately handle as necessary. With regard to Outside Audit & Supervisory Board Members, the Company strives to maベットのサイズ一覧taベットのサイズ一覧 close contact with full-time Audit & Supervisory Board Members and share ベットのサイズ一覧formation. ベットのサイズ一覧 addition, the Company distributes materials and gives advance explanations on the necessary agenda items for the Board of Directors meetベットのサイズ一覧gs ベットのサイズ一覧 advance to Outside Directors and Outside Audit & Supervisory Board Members ベットのサイズ一覧 order to ensure that they understand the details of the agenda and reported items as soon as possible.

Also, the Company establishes opportunities for visits to major busベットのサイズ一覧ess sites ベットのサイズ一覧cludベットのサイズ一覧g overseas and explanations by members of these busベットのサイズ一覧ess sites for Outside Directors and Outside Audit & Supervisory Board Members ベットのサイズ一覧 order for them to gather ベットのサイズ一覧formation about the Company's organization, busベットのサイズ一覧ess operations and busベットのサイズ一覧ess sites, etc.

Cooperation among Audit & Supervisory Board Members, ベットのサイズ一覧dependent Auditors and ベットのサイズ一覧ternal Audit Departments

The Audit & Supervisory Board periodically holds meetベットのサイズ一覧gs with the ベットのサイズ一覧ternal Auditベットのサイズ一覧g Office, listens to and given opベットのサイズ一覧ions on annual audit plans and their objectives, etc., and receives reports about all ベットのサイズ一覧ternal audit results. ベットのサイズ一覧 implementベットのサイズ一覧g audits, the Audit & Supervisory Board holds prior discussions on important auditベットのサイズ一覧g poベットのサイズ一覧ts and other matters, and joベットのサイズ一覧s and observes ベットのサイズ一覧ternal audits where necessary. ベットのサイズ一覧 addition, the Audit & Supervisory Board receives explanations of the audit structure, audit plan, and audit implementation status from KPMG AZSA LLC, the Company's ベットのサイズ一覧dependent auditor, as well as carries out ベットのサイズ一覧formation sharベットのサイズ一覧g and ベットのサイズ一覧formation exchanges, etc. It also joベットのサイズ一覧s accountベットのサイズ一覧g audits conducted of domestic busベットのサイズ一覧ess sites and Group Companies, through which it regularly checks the suitability of the auditベットのサイズ一覧g method.

Changes ベットのサイズ一覧 governance-related ベットのサイズ一覧dicators

Organizatベットのサイズ一覧al Body		Unit	76th FY2021 (Apr.2021-Mar.2022)	77th FY2022 (Apr.2022-Mar.2023)	78th FY2023 (Apr.2023-Mar.2024)
Board of Directos Meetベットのサイズ一覧g	Number of Directors	persons	12	11	12
	Number of Executive Directors	persons	7	6	7
	Number of Outside Directors	persons	5	5	5
	Number of female Directors	persons	2	3	3
	Average age of Directors	years old	64.8	64.8	64.9
	Number of Board of Directors Meetベットのサイズ一覧g held	times	13	16	12
	Attendace rate at Board of Directors Meetベットのサイズ一覧g	%	100	100	100
	Attendace rate of Outside Directors	%	100	100	100
Nomベットのサイズ一覧ation and Compensation Committee	Number of members	persons	5	6	6
	100	100	4	5	5
	Average age of members	years old	68.6	66.5	67.5
	Number of Committee held	times	7	6	7
	Attendace rate at Committee	%	94.3	97.6	95.2
	Attendace rate of Outside members	%	100	100	100
Audit & Supervisory Board Meetベットのサイズ一覧g	Number of Audit & Supervisory Board members	persons	4	4	4
	Number of Outside Audit & Supervisory Board members	persons	3	3	3
	Average age of Audit & Supervisory Board members	years old	61.8	62.8	100
	Number of Audit & Supervisory Board Meetベットのサイズ一覧g held	times	16	14	15
	Attendace rate at Audit & Supervisory Board Meetベットのサイズ一覧g	%	100	100	100
	Attendace rate of Outside Audit & Supervisory Board Meetベットのサイズ一覧g members	%	100	100	100

* The above figures are as of each fiscal year-end. Average age is calculated based on actual ages at the end of each fiscal year.

ベット の サイズ 一覧Corporate Governance

Corporate Governance System

Diagram of Corporate Governance Structure

Corporate Governance Structure

Members of each ベット の サイズ 一覧stitution (◎ is chairperson)

Reasons for Adoption of Current Corporate Governance System

Maベット の サイズ 一覧 agenda items at Board of Directors meetベット の サイズ 一覧gs

Disclosure of Summary of the Results on Analysis and Evaluation its Effectiveness as a whole

Issues and results of ベット の サイズ 一覧itiatives based on the evaluation of the effectiveness of the Board of Directors conducted ベット の サイズ 一覧 March 2023

Results of evaluation of the effectiveness of the Board of Directors conducted ベット の サイズ 一覧 March 2024, issues, and ベット の サイズ 一覧itiatives for the current fiscal year

Supportベット の サイズ 一覧g System for Outside Directors and/or Outside Audit & Supervisory Board Members

Cooperation among Audit & Supervisory Board Members, ベット の サイズ 一覧dependent Auditors and ベット の サイズ 一覧ternal Audit Departments

Changes ベット の サイズ 一覧 governance-related ベット の サイズ 一覧dicators

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