Corporate Governance Overview

As of April 1,2017

Organizational structure Company with an Audit & Supervisory Board
Chairman of the Board of Directors Kengo Sakurada
Number of Directors 12, of which 4 are Outside Directors
Number of Audit & Supervisory Board Members 5, of which 3 are Outside Audit & Supervisory Board Members
Board of Directors meetings Held 14 times
Attendance: 98.9% of Directors, 100% of Audit & Supervisory Board Members
  • Orientation meetings for Outside Directors are held in conjunction with Board of Directors meetings to ensure effective Board of Directors meeting operation.
  • Please refer to Corporate Governance Policy 3 for details regarding Directors and Board of Directors meetings.
(Fiscal 2016 Results)
Audit & Supervisory
Board meetings
Held 13 times
Attendance: 100%
  • Please refer to Corporate Governance Policy 4 for details regarding Audit & Supervisory Board Members and Audit & Supervisory Board meetings.
(Fiscal 2016 Results)
Voluntary committee equivalent
to Nomination Committee and
Compensation Committee
Nomination and Compensation Committee
  • Comprising 5 committee members (4 Outside Directors, 1 Internal Directors) and chaired by an Outside Director.
  • Please refer to Corporate Governance Policy 5 for details regarding Nomination and Compensation Committee.
Appointment of Directors and
Audit & Supervisory Board
Members
Formulates policies for appointment of officers through the resolution of the Board of Directors in light of advice from the Nomination and Compensation Committee, functioning as an advisory body to the Board of Directors
  • Please refer to Corporate Governance Policy 7 for details regarding policies for appointment of officers.
Number of Independent Directors
and Independent Audit &
Supervisory Board Members
4 Outside Directors and 3 Outside Audit & Supervisory Board Members
  • All Outside Directors and Audit & Supervisory Board Members are independent as defined by the Financial Instruments and Exchange Act.
  • Standards regarding Independence of Outside Directors and Outside Audit & Supervisory Board Members is disclosed in the Corporate Governance Report.
Determination of compensation, etc. Formulates policies on decisions pertaining to compensation for officers through the resolution of the Board of Directors in light of advice from the Nomination and Compensation Committee, functioning as an advisory body to the Board of Directors
  • Please refer to Corporate Governance Policy 9 for details regarding policies on decisions pertaining to compensation for officers.