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Under our management philosophy of “Connecting people and society to the future with a smile” and our management vision of “Becoming an infrastructure hub for a better life through the power of home appliances and ICT,” Joshin is developing a system of management that contributes to building a sustainable society through the creation of two social values: helping to strengthen the resilience of an aging society and achieving carbon neutrality in households.
Joshin examined the changes in our business environment from the viewpoint of their risks and opportunities, while incorporating them into our management strategies and business portfolio. We intend to continue improving our corporate governance system to better manage the value creation processes that we have built up, using our capital flow in a beneficial cycle to create more social and economic value.
To improve the effectiveness of the Board of Directors, Joshin has worked to improve our corporate governance framework by ensuring diversity through increased independent outside directors and female directors; introducing the executive officer system; establishing a Nomination and Compensation Committee and Board of Directors Evaluation Committee made up of a majority of outside directors; and implementing a performance-linked stock-based compensation system.
In order to enhance these initiatives, Joshin transitioned from being a company with a Board of Auditors to a company with an Audit and Supervisory Committee with the approval of the 77th Annual General Meeting of Shareholders held in June 2025. This aimed to further accelerate decision-making by largely transferring the Board of Directors’ authority over business execution decisions to the business executive side of the Company, while also improving the effectiveness of the Board of Directors through focused discussion at the Board of Directors of medium- to long-term management strategy, capital policy, and other items that contribute to improving corporate value. Additionally, the Audit and Supervisory Committee, comprised exclusively of independent outside directors, will be responsible for auditing and supervising the legality and appropriateness of business execution, with the aim of further bolstering Joshin’s corporate governance systems and achieving more transparent management.
