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Investor Relations

Corporate Information Corporate Governance

Basic Views on Corporate Governance

To earn the trust of its various stakeholders, the OKI Group recognizes ensuring sustainable growth and increasing corporate value over the medium to long term as its most important management priorities. To this end, we are working to enhance corporate governance based on our fundamental policies, including "enhancement of management fairness and transparency," "timely decision-making processes," and "full compliance and fortification of risk management."

Compliance with Japan's Corporate Governance Code

OKI is responding to the principles prescribed in the Corporate Governance Code of the Tokyo Stock Exchange. However, the following principles are not implemented for the following reasons set out below.

(Based on the Corporate Governance Code revised in 2018)

[Principle 1-4: Cross-Shareholdings]

  1. Policy on cross-shareholdings

    The Company is gradually reducing its cross-shareholdings, taking into overall consideration such factors as enhancing the medium- to long-term corporate value of the Company and the share-issuing companies.

  2. Details on verifying cross-shareholdings

    The Board of Directors reviews cross-shareholdings each year. The Company considers quantitative and qualitative factors when determining the suitability of its holdings of each stock.

  3. Standards for the exercise of voting rights on cross-shareholdings

    In exercising its voting rights on cross-shareholdings, the Company categorizes agenda items as follows. We make decisions and exercise voting rights based on exercise criteria.

    • When appointing executives, the Company considers such factors as the total number of executives and the ratio of Independent Directors.
    • For executive compensation, the Company looks at such factors as business performance and the status of assets.
    • For the appropriation of surpluses, the Company considers such factors as business performance and retained earnings.
    • The Company gives special consideration to proposals related to anti-takeover measures, M&A, and third-party share allocations.

[Principle 5-2: Establishing and Disclosing Business Strategies and Business Plans]

The Company's capital policy is to invest for sustainable growth, to maintain a sound financial structure that allows for such risks, and to provide stable and continuous returns to shareholders.

In the "Medium-Term Business Plan 2022" up to FY2022, we have set targets for profitability, stability, and capital efficiency, and are implementing various measures such as structural reforms and growth strategies. Based on the progress made, the Company will continue to consider about reviewing of its business portfolio and allocation of management resources.

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