The Mitsui Fudosan Group aims to build and maintain optimum corporate governance from the standpoint of improving the soundness, transparency and efficiency of management in order to earn the trust of all stakeholders.
Mitsui Fudosan has both a Board of Directors and a Board of Audit & Supervisory Board Members and has also established a Compensation Advisory Committee and Nomination Advisory Committee to enhance management transparency regarding compensation for directors and nomination of directors and Audit & Supervisory Board Members. It has also adopted a corporate officer system to enhance the soundness and efficiency of management by separating and strengthening management and executive functions. Mitsui Fudosan also invites and appoints outside directors to strengthen the oversight functions of the directors and enhance management transparency.
In addition, Audit & Supervisory Board Members conduct audits to evaluate the status of business execution by directors while coordinating with the Audit Department and the certified public accountant. Moreover, steps have been taken to put in place the Mitsui Fudosan Group Compliance Policies, as well as a structure that will ensure that Group directors and employees engage in business activities in an appropriate manner.
The Board of Directors, headed by Chairman Masanobu Komoda and comprising thirteen members, including eight internal directors (Masanobu Komoda, Takashi Ueda, Takashi Yamamoto, Shingo Suzuki, Makoto Tokuda, Nobuhiko Mochimaru, Akiko Kaito, and Mizuho Wakabayashi) and five outside directors (Eriko Kawai, Mami Indo, Takashi Hibino, Yo Honma, and Tsuyoshi Nagano ), decides on issues material to Mitsui Fudosan and monitors the execution of business by directors. The Adit & Supervisory Board Members also attend meetings of the Board of Directors and provide opinions as necessary.
The Compensation Advisory Committee, headed by independent outside director Takashi Hibino as Chairman and comprising seven members, including five independent outside directors (Eriko Kawai, Mami Indo, Takashi Hibino, Yo Honma, and Tsuyoshi Nagano ), President and Chief Executive Officer Takashi Ueda, and one internal director (Makoto Tokuda), meets on matters pertaining to the compensation of directors.
The Nomination Advisory Committee, headed by independent outside director Takashi Hibino as Chairman and comprising seven members, including five independent outside directors (Eriko Kawai, Mami Indo, Takashi Hibino, Yo Honma, and Tsuyoshi Nagano), President and Chief Executive Officer Takashi Ueda, and one internal director (Makoto Tokuda), meets on matters pertaining to the nomination of directors and Audit & Supervisory Board Members, as well as the appointment and dismissal of managers.
Audit & Supervisory Board, comprising five Audit & Supervisory Board Members, including two internal Audit & Supervisory Board Members (Wataru Hamamoto and Yoshihiro Hirokawa) and three outside Audit & Supervisory Board Members (Minoru Nakazato, Mayo Mita and Michiko Chiba), formulates auditing policies and determines assignments. It also receives reports and discusses material items on audits conducted according to these policies and assignments. Note that Audit & Supervisory Board Members' Department has been established specifically to assist the Audit & Supervisory Board Members with their work, and each Audit & Supervisory Board Member has been assigned two dedicated employees.
The introduction of a corporate officer system promotes the separation and reinforcement of the management and executive functions, the system enhances management soundness and efficiency. In addition, seeking to further reinforce Mitsui Fudosan Group management, we have also introduced a Group corporate officer system, under which executives at Group companies have been given a status and mission similar to those of the corporate officers. We have 32 managing officers and 14 Group officers (as of June 26, 2026).
The Executive Management Committee, consisting of executive corporate officers, has been formed to deliberate and report on important matters related to business execution and conduct reporting. Full-time Audit & Supervisory Board Members also attend meetings to stay informed of important decision-making processes and the status of business execution, and provide opinions as necessary.
Mitsui Fudosan has concluded an auditing contract with KPMG AZSA LLC as its certified public accountant, which conducts audits. There is no shared interest between the auditor and the Company, nor between employees conducting operations for the auditor and the Company.
The following matters shall be resolved by or reported to the Mitsui Fudosan Board of Directors as stipulated by laws and regulations, the Company’s Articles of Incorporation, and company rules such as those regarding the Board of Directors.
Each year, the Company analyzes and evaluates the efficacy of the Board of Directors, continually aiming to further enhance its functions. As for the method of analysis and evaluation, we used a third-party body for the development of a questionnaire and the analysis of the result. An overview and results of our evaluation of the Board of Directors’ efficacy are provided below.
Each evaluation item in the questionnaire received a high evaluation in general. According to the evaluation on the questionnaire and interviews, it was confirmed that the Board of Directors’ efficacy was properly maintained because the improvement initiatives are being implemented on the basis of the previous efficacy evaluation as listed below to achieve sustained increases in the Group’s corporate value.
[Major Initiatives Based on the Previous Efficacy Evaluation]Corporate Governance Report
Corporate Governance Report(768KB)
