Basic Concept/Corporate Governance Structure
Basic Concept
We believe in the importance of improving management efficiency and integrity through establishing a transparent and fair management organization, speeding up the decision-making for important matters on the management, and strengthening the supervisory function of business execution, all of which contribute to improving corporate value.
We are well aware that it is the duty of the Company's directors and employees to put these ideas into practice, as well as complying with all laws and regulations and maintaining discipline, with consideration towards environmental and social issues to conduct a fair, transparent and appropriate business in an atmosphere of free competition. In this way, we show all stakeholders, including our shareholders, customers, business partners, employees, and local communities, that we value the trust that they place in us.
Our Company's officers and employees are small in number, allowing for uncomplicated information gathering and operations management when compared to a large-scale corporation with many staff members. Our corporate organization reflects this feature. We also appropriately arrange our human resources and strive to maintain a sense of balance between each department and committee to fully exert the functions of our organization.
Corporate Governance Structure
※Consisting of Directors who are Audit＆Supervisory Committee Members
Summary of Boards, Meetings, and Committees
| Name | Chairperson | Summary | Number of meetings held (FYE March 2025) |
|---|---|---|---|
|
Board of Directors |
President and Chief Executive Officer |
As a general rule, the board holds a meeting once a month to determine important matters on the management and supervise the status of execution of duties. |
11 times |
|
Audit & Supervisory Committee |
Audit & Supervisory Committee Member (Standing) |
The committee audits the Directors' execution of duties and the Company's internal control system, and receives reports from the Independent Accounting Auditor on matters including the quarterly financial results and the year-end audit report. |
12 times |
|
Management Meeting |
President and Chief Executive Officer |
The standing officers and general managers in charge of each department attend this meeting to report and review the status and plans of such operation under the basic policy determined by the Board of Directors. |
11 times |
|
Nomination and Remuneration Committee |
Outside Director |
The committee deliberates on personnel matters, including the election and dismissal of the management team. Matters such as compensation for the management team are also deliberated. The chairperson and the majority of the committee members are Independent Outside Directors. |
4 times |
|
Sustainability Committee |
President and Chief Executive Officer |
The committee, which is chaired by the President, consists of members of the Sustainability Promotion Group and members appointed by each department. It convenes regularly and reports on its activities to the Management Meeting and the Board of Directors if necessary. |
5 times |
|
Compliance Committee |
Executive Officer in Charge |
The committee, which is an organization under the direct control of the President, consists of a chairperson and several members selected from various departments. It convenes regularly and reports on its activities to the President, as well as the Management Meeting and the Board of Directors if necessary. |
4 times |
|
Risk Management Committee |
Executive Officer in Charge |
The committee, which is an organization under the direct control of the President, consists of a chairperson and several members selected from various departments. It convenes regularly and reports on its activities to the President, as well as the Management Meeting and the Board of Directors if necessary. |
5 times |
※The number of meetings of the Audit & Supervisory Committee is the number of meetings of the Audit & Supervisory Board held before the transition. ※In addition to the number of meetings of the Board of Directors listed above, there was one written resolution that was deemed to be a resolution of the Board of Directors in accordance with Article 370 of the Companies Act and the Articles of Incorporation of the Company. ※In addition to the number of meetings of the Nomination and Remuneration Committee listed above, there was one written resolution.