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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 a hub for the infrastructure of 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 types of social value: helping to strengthen the resilience of an aging society and achieving household carbon neutrality.
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 process that feeds the social and economic value created through the use of capital back into a further virtuous cycle of capital.
To improve the effectiveness of the Board of Directors, Joshin has worked to improve our corporate governance framework by ensuring diversity through increasing the number of independent outside directors and appointing female directors; introducing the executive officer system; establishing a Nomination and Compensation Committee and a Board of Directors Evaluation Committee made up of a majority of outside directors; and implementing a performance-linked stock compensation plan.
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 in June 2025. This will further accelerate decision-making by largely transferring the Board of Directors’ authority over business execution decisions to the business execution 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.
