| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |
|---|---|---|---|---|---|
| Number of Compliance Violations | 29 | 32 | 64 | 48 | 44 |
Tax payments of the Group by country/region are as follows:
| Country/region | FY2022 |
|---|---|
| Japan | 108,493 |
| Hong Kong | 3,318 |
| UK | 375 |
| Taiwan | 368 |
| China | 87 |
| Luxembourg | 35 |
| Canada | -47 |
| US | -1,485 |
| Total | 111,144 |
| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |
|---|---|---|---|---|---|
| Corruption-related Fines, Surcharges, and Arbitrations |
0 | 0 | 0 | 0 | 0 |
| Number of Directors and Auditors (as of June 30, 2024) | |
|---|---|
| Directors | 13 |
| Independent outside directors | 5 |
| Female directors | 2 |
| Auditors | 5 |
| Independent outside auditors | 3 |
| Female auditors | 2 |
| Name | Reason for Appointment | FY2022 Attendance at Board of Directors Meetings and Board of Corporate Auditors Meetings |
|---|---|---|
| Managing Director Tsunehiro Nakayama |
Tsunehiro Nakayama has amassed a wealth of experience and broad insight having served for many years in top management positions. During meetings of the Board of Directors, he has provided many recommendations and findings regarding finance, risk management and other matters from an objective and specialist viewpoint. He has contributed greatly to invigorating discussions of the Board of Directors and improving its effectiveness. In addition, as a member of the Nomination Advisory Committee and Compensation Advisory Committee, he has participated in discussions from an objective standpoint, contributing to ensuring transparency in the selection process for managing directors and corporate auditors and in the decision process for compensation of managing directors. As the Company’s outside director, he has played an appropriate role aimed at reinforcing the supervision functions of the Board of Directors and ensuring transparency. He is expected to make further contributions going forward, and because there is no possibility of conflicts of interest with general shareholders, he has been appointed as an outside director and independent officer. |
12/12 |
| Managing Director Shinichiro Ito |
Shinichiro Ito has amassed a wealth of experience and broad insight having served for many years in top management positions. During meetings of the Board of Directors, he has provided recommendations and findings regarding branding, global business development, and other matters from an objective and specialist viewpoint. He has contributed greatly to invigorating the discussions by the Board of Directors and improving its effectiveness. In addition, as a member of the Nomination Advisory Committee and Compensation Advisory Committee, he has participated in discussions from an objective standpoint, contributing to ensuring transparency in the selection process for managing directors and corporate auditors and in the decision process for compensation of managing directors. As the Company’s outside director, he has played an appropriate role aimed at reinforcing the supervision functions of the Board of Directors and ensuring transparency. He is expected to make further contributions going forward, and because there is no possibility of conflicts of interest with general shareholders, he has been appointed as an outside director and independent officer. |
12/12 |
| Managing Director Eriko Kawai |
Eriko Kawai has served for many years overseas where she amassed a wealth of experience and broad insight as a management consultant while working for international organizations and universities. During meetings of the Board of Directors, she has provided recommendations and findings regarding the promotion of women’s activities, ESGs, sustainability, and other matters from an objective and professional viewpoint. She has contributed greatly to invigorating discussions by the Board of Directors and improving its effectiveness. In addition, as a member of the Nomination Advisory Committee and Compensation Advisory Committee, she has participated in discussions from an objective standpoint, contributing to ensuring transparency in the selection process for managing directors and corporate auditors and in the decision process for compensation of managing directors. As the Company’s outside director, she has played an appropriate role aimed at reinforcing the supervision functions of the Board of Directors and ensuring transparency. She is expected to make further contributions going forward, and because there is no possibility of conflicts of interest with general shareholders, she has been appointed as an outside director and independent officer. |
12/12 |
| Managing Director Mami Indo |
Mami Indo has amassed a wealth of experience and broad insight, having served as an analyst/consultant in a securities company and a think tank and as a commissioner of the Securities and Exchange Surveillance Commission. During meetings of the Board of Directors, she has provided recommendations and findings regarding the promotion of finance sector and risk management, and other matters from an objective and professional viewpoint. She has contributed greatly to invigorating discussions by the Board of Directors and improving its effectiveness. In addition, as a member of the Nomination Advisory Committee and Compensation Advisory Committee, she has participated in discussions from an objective standpoint, contributing to ensuring transparency in the selection process for managing directors and corporate auditors and in the decision process for compensation of managing directors. As the Company’s outside director, she has played an appropriate role aimed at reinforcing the supervision functions of the Board of Directors and ensuring transparency. She is expected to make further contributions going forward, and because there is no possibility of conflicts of interest with general shareholders, she has been appointed as an outside director and independent officer. |
10/10 |
| Managing Director Takashi Hibino |
Takashi Hibino has been elected as an outside director based on his broad insight and diverse experience in the finance and capital markets and management in general, having served as president and chairman of a securities company. The expectation is that he will provide various opinions to the Company’s management aimed at reinforcing the supervisory function of the Board of Directors and ensuring transparency and because there is no risk of a conflict of interest with general shareholders. He will also serve on the Nomination Advisory Committee and Compensation Advisory Committee to increase transparency in the selection process for managing directors and corporate auditors and in the decision process for compensation of managing directors. | - |
| Corporate Auditor Minoru Nakazato |
Minoru Nakazato is currently fulfilling appropriate roles as an outside auditor, sufficiently realizing his function of monitoring the execution of duties by the managing directors. Going forward, Minoru Nakazato is expected to make further contributions, and because there is no possibility of conflicts of interest with general shareholders, he has been appointed an outside auditor and independent officer. |
Board of Director Meetings:10/10 Board of Corporate Auditors Meetings:10/10 |
| Corporate Auditor Mayo Mita |
Mayo Mita is currently fulfilling appropriate roles as an outside auditor, sufficiently realizing her function of monitoring the execution of duties by the managing directors. Going forward, Mayo Mita is expected to make further contributions, and because there is no possibility of conflicts of interest with general shareholders, she has been appointed an outside auditor and independent officer. |
Board of Director Meetings:9/10 Board of Corporate Auditors Meetings:8/10 |
| Corporate Auditor Michiko Chiba |
Michiko Chiba has professional insight on finance and corporate accounting as a certified public accountant, also she has extensive auditing experience at an auditing corporation. She has been elected as an outside corporate auditor because she is expected appropriately audit the performance of the managing directors’ duties based on her insight and experience and there is no risk of a conflict of interest with general shareholders. | - |
| Title | Total Compensation (Millions of Yen) |
Amount of Compensation by Type (Millions of Yen) |
Number of Applicable Executives | ||
|---|---|---|---|---|---|
| Basic Compensation | Bonus | Restricted stock compensation | |||
| Internal directors | 1,593 | 645 | 596 | 351 | 12 |
| Internal corporate auditors | 106 | 106 | - | - | 3 |
| Outside directors and corporate auditors | 148 | 148 | - | - | 10 |
| Name | Title | Amount of Compensation by Type (Millions of Yen) |
Total Compensation (Millions of Yen) |
||
|---|---|---|---|---|---|
| Basic Compensation | Bonus | Restricted stock compensation | |||
| Masanobu Komoda | Chairman of the Board and Chief Executive Officer (Representative) | 138 | 141 | 104 | 384 |
| Takashi Ueda | President and Chief Executive Officer (Representative) | 138 | 172 | 95 | 405 |
| Takashi Yamamoto | Managing Director (Representative) | 68 | 67 | 30 | 178 |
| Managing Director of Mitsui Fudosan Residential Co., Ltd. | 11 | - | - | ||
| Takayuki Miki | Managing Director | 63 | 51 | 25 | 139 |
| Yoshihiro Hirokawa | Managing Director | 47 | 51 | 19 | 118 |
