Sustainability
Governance
We will improve our corporate value by strengthening our corporate governance and IR.
Corporate Governance Compatible with the Prime Market
Our company was listed on the Prime Market in accordance with the revision of the market classification of the Tokyo Stock Exchange in 2022. Following this, we aim to enhance corporate value through constructive dialogue with global investors and the establishment of a more sophisticated governance structure. We will proceed toward achieving our SDGs, respecting the diversity of our employees, and creating a satisfying work environment. We will create products based on Asian history and culture and thus contribute to society. As one of Japan's leading global companies, we will continue to pursue our vision of becoming "The World's No.1 Digital Entertainment Company" under the ethos of "Creativity & Contribution".
Following the Corporate Governance Code
In FY2022, we assigned one new Outside Director, formulated a skill matrix for our Board members, and set up a Special Committee. In addition, as a listed company on the Prime Market, we will continue to strengthen our governance system in accordance with the Corporate Governance Code.
Governance Improvement Through Outside Directors
Of the 12 members of our Board of Directors, 5 are independent outside directors (as of June 20, 2024). We are a listed company with a controlling shareholder (KOYU HOLDINGS Co., Ltd.). By setting up a Nomination & Remuneration Committee and a Special Committee, we have strengthened our supervisory stance using outside directors and established governance that safeguards the profits of our minority shareholders.
Accomplishments
- Following the Corporate Governance Code
- Formulated a skill matrix for Directors.
- Operated a special committee made exclusively of independent outside directors to appropriately monitor and supervise deals with the controlling shareholders.
- Operated a Nomination & Remuneration Committee comprised of representative directors and independent outside directors for appointing and paying executives.
- Improved functions of the Board of Directors
- Continue to make continuous improvements through effective evaluations (self-evaluation) for the Board of Directors.
- Visibility and documentation of the management policies and strategies
- Disclosure of integrated reports.
- Formulated a medium-term management plan and announced it internally and externally.
- To ensure the transparency of our basic principles and management plan, we distribute a video message from the top management to Group executives and employees eight times per year.
- Per the decision of the Board, a management meeting to discuss and decide general management issues is held once a week.
- Dialogue with shareholders and investors regarding IR activities
- Held individual meetings (including conferences) with institutional investors and analysts to promote understanding of our management plan, performance, and value creation model.
- Financial results briefings by top management (interim and year-end) and financial results meetings by CFO and Corporate Planning Department (Q1, Q3) were held in the form of interactive webinars.
- Internal evaluations and improvements on our corporate and IR websites
- Underwent evaluation by an external evaluation company and revised internal evaluation criteria.
- Complete renewal of the site following the corporate governance code.