Corporate Governance
Policies, Systems and Initiatives
Composition of the Board of Directors
Boundary | Unit | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |||
---|---|---|---|---|---|---|---|---|---|
Composition of the Board of Directors | Male | SG Holdings | Persons | 8 | 8 | 7 | 7 | 7 | |
Female | 1 | 1 | 1 | 1 | 1 | ||||
Total | 9 | 9 | 8 | 8 | 8 | ||||
Breakdown | Outside Directors | Male | Persons | 1 | 2 | 2 | 2 | 2 | |
Female | 1 | 1 | 1 | 1 | 1 | ||||
Independent Outside Directors | Male | Persons | 1 | 2 | 2 | 2 | 2 | ||
Female | 1 | 1 | 1 | 1 | 1 | ||||
Percentage of Female Directors | % (Person(s)/Persons) |
11 (1/9) |
11 (1/9) |
12.5 (1/8) |
12.5 (1/8) |
12.5 (1/8) |
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Percentage of Independent Officers | % (Person(s)/Persons) |
22 (2/9) |
33 (3/9) |
37.5 (3/8) |
37.5 (3/8) |
37.5 (3/8) |
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Average Tenure | year | 3.7 | 4.3 | 5.0 | 6.0 | 5.1 |
Status of meetings of the Board of Directors
(Unit: Sessions)
Boundary | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |
---|---|---|---|---|---|---|
Regular meetings of the Board of Directors | SG Holdings | 12 | 11 | 12 | 12 | 12 |
Irregular meetings of the Board of Directors | 4 | 4 | 4 | 5 | 4 | |
Total | 16 | 15 | 16*1 | 17 | 16*2 |
*1In addition to the number of meetings of the Board of Directors shown above, there was one written resolution (one extraordinary meeting of the Board of Directors) deemed to be resolutions of the Board of Directors pursuant to the provisions of Article 370 of the Companies Act and Article 25 of the Company’s Articles of Incorporation.
*2In addition to the number of meetings of the Board of Directors shown above, there was two written resolution (one extraordinary meeting of the Board of Directors) deemed to be resolutions of the Board of Directors pursuant to the provisions of Article 370 of the Companies Act and Article 25 of the Company’s Articles of Incorporation.
Attendance of Board of Directors
Attendance of Board of Directors | Position | Appointed | Retired/ Resigned |
Unit | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Incumbent Members | Eiichi Kuriwada | Chairperson, CEO | March 2006 | % (Meetings attended/ meetings held) |
100 (16/16) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|
Hidekazu Matsumoto | President, COO | June 2019 | 100 (12/12) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Masahide Motomura | Director | June 2019 | 100 (12/12) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Katsuhiro Kawanago | Director | June 2019 | 100 (12/12) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Kimiaki Sasamori | Director | June 2023 | - | - | - | - | 100 (13/13) |
|||
Mika Takaoka | Director (Outside) | June 2018 | 100 (16/16) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
94 (15/16) |
|||
Osami Sagisaka | Director (Outside) | June 2019 | 91 (11/12) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Masato Akiyama | Director (Outside) | June 2020 | - | 100 (10/10) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Satoshi Tajima | Audit & Supervisory Board Member (Outside) | July 2020 | - | 100 (9/9) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Tomonari Niitomo | Audit & Supervisory Board Member | June 2023 | - | - | - | - | 100 (13/13) |
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Kenichiro Okamura | Audit & Supervisory Board Member (Outside) | June 2015 | 100 (16/16) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Yoshitaka Ooshima | Audit & Supervisory Board Member (Outside) | October 2017 | 100 (16/16) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (16/16) |
|||
Departed Members | Hideo Araki | President and COO | June 2014 | June 2021 | 100 (16/16) |
100 (15/15) |
100 (4/4) |
- | - | |
Shunichi Nakajima | Director | June 2014 | June 2023 | 100 (16/16) |
100 (15/15) |
100 (16/16) |
100 (17/17) |
100 (3/3) |
||
Tomoki Sano | Director | June 2017 | June 2020 | 93 (15/16) |
- | - | - | - | ||
Takashi Nakanishi | Audit & Supervisory Board Member | June 2015 | June 2023 | 100 (16/16) |
93 (14/15) |
94 (15/16) |
100 (17/17) |
100 (3/3) |
||
Masayuki Tominaga | Audit & Supervisory Board Member (Outside) | June 2008 | June 2020 | 100 (16/16) |
- | - | - | - |
*The incumbent members are members from the end of the 17th Ordinary General Meeting of Shareholders held on June 23,2023 to the 18th Ordinary General Meeting of Shareholders held on June 26, 2024.
*The positions of departed officers are the positions at the time of their departure.
*Members who resigned as of the end of the 13th Ordinary General Meeting of Shareholders held on June 25, 2019 are not included.
*Hideo Araki stepped down as President and COO and was appointed as Honorary Advisor at the 15th Ordinary General Meeting of Shareholders held on June 25, 2021.
Composition of Audit & Supervisory Board
Boundary | Unit | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |||
---|---|---|---|---|---|---|---|---|---|
Composition of Audit & Supervisory Board | Male | SG Holdings | Persons | 4 | 4 | 4 | 4 | 4 | |
Female | 0 | 0 | 0 | 0 | 0 | ||||
Total | 4 | 4 | 4 | 4 | 4 | ||||
Breakdown | Outside Audit & Supervisory Board Members | Male | Persons | 3 | 3 | 3 | 3 | 3 | |
Female | 0 | 0 | 0 | 0 | 0 | ||||
Independent Outside Directors | Male | Persons | 3 | 3 | 3 | 3 | 3 | ||
Female | 0 | 0 | 0 | 0 | 0 | ||||
Percentage of Independent Officers among Audit & Supervisory Board Members | % (Person(s)/Persons) | 75 (3/4) |
75 (3/4) |
75 (3/4) |
75 (3/4) |
75 (3/4) |
Status of meetings of the Audit & Supervisory Board
(Unit: Sessions)
Boundary | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |
---|---|---|---|---|---|---|
Regular meetings of the Audit & Supervisory Board | SG Holdings | 12 | 12 | 12 | 12 | 12 |
Irregular meetings of the Audit & Supervisory Board | 1 | 2 | 1 | 1 | 2 | |
Total | 13 | 14 | 13 | 13 | 14 |
Attendance of Audit & Supervisory Board
Position | Name | Career Summary, etc. | FY2023 Attendance Rate |
---|---|---|---|
Full-time Audit & Supervisory Board Member (Outside) | Satoshi Tajima | He is qualified as a Certified Public Accountant, and has considerable knowledge of finance and accounting. | 100% (14/14) |
Full-time Audit & Supervisory Board Member | Takashi Nakanishi | He has abundant experience as the person responsible for the Legal Affairs Department, and has considerable knowledge of corporate legal affairs. | 100% (4/4) |
Full-time Audit & Supervisory Board Member | Tomonari Niitomo | He is a licensed U.S. attorney and has extensive work experience as the head of the legal and financial departments, and has considerable knowledge of corporate legal and financial matters. | 100% (10/10) |
Audit & Supervisory Board Member (Outside) | Kenichiro Okamura | He is qualified as a Certified Public Accountant, and has considerable knowledge of finance and accounting. | 100% (14/14) |
Audit & Supervisory Board Member (Outside) | Yoshitaka Ooshima | He is qualified as an attorney at law, and has specialized knowledge of general legal affairs including corporate legal affairs. | 100% (14/14) |
*Takashi Nakanishi resigned his position at the conclusion of the 17th Ordinary General Meeting of Shareholders to be held on June 23, 2023. Tomonori Niimoto was appointted as a new member of Audit & Supervisory Board.
Status of Major Meetings
(Unit: Sessions)
Meeting Name | Main Attendees | Boundary | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 |
---|---|---|---|---|---|---|---|
Investment Committee | SG Holdings Directors, Executive Officers, Department Managers | Group | 25 | 22 | 25 | 32 | 27 |
Group Budget Committee | SG Holdings Directors, Executive Officers, Department Managers | Group | 7 | 10 | 10 | 8 | 8 |
Group Management Strategy Meetings | SG Holdings Directors, Executive Officers, Department Managers, and Group company presidents | Group | 12 | 12 | 12 | 12 | 12 |
Group Risk Management Meetings | SG Holdings Directors, Executive Officers, Department Managers, and Group company presidents | Group | 11 | 12 | 12 | 12 | 12 |
Group Administration Department Managers' Meetings | SG Holdings Directors, Executive Officers, Department Managers, and Group company presidents | Group | 10 | 11 | 11 | 11 | 11 |
Sustainability Committee | SG Holdings Directors, Executive Officers, Department Managers | Group | 4 | 3 | 3 | 4 | 4 |
*Full-time Audit & Supervisory Board Members participate in each meeting as observers.
*"CSR Committee" changed its name to "Sustainability Comittiee" since September 2022.
Total amount of Remuneration, etc. of Directors and Audit & Supervisory Board Members
(Unit: Million yen)
Boundary | Officer Category | Number of Persons Paid | Total Amount of Remuneration, etc. | Total Amount of Remuneration, etc. by Type | |
---|---|---|---|---|---|
Fixed remuneration | Performancelinked remuneration | ||||
SG Holdings | Director (excluding Outside Directors) | 6 | 490 | 481 | 9 |
Outside Director | 3 | 42 | 42 | - | |
Audit & Supervisory Board Member (excluding Outside Audit & Supervisory Board Member) | 2 | 25 | 25 | - | |
Outside Audit & Supervisory Board Member | 3 | 46 | 46 | - | |
Total | 14 | 603 | 594 | 9 |
*The above includes one Director (not Outside Director) and one Audit & Supervisory Board Member (not Outside Audit & Supervisory Board Member) who resigned due to expiration of their terms of office at the conclusion of the 17th Ordinary General Meeting of Shareholders held on June 23, 2023.
*Performance-linked remuneration is stated as the provision for share-based remuneration for directors in the relevant business year.
*One Director (not Outside Director) also received separate remuneration from Sagawa Express Co., Ltd., which is a consolidated subsidiary. The total amount of remuneration from our subsidiary was 149 million yen.
*Three of the Directors (not Outside Directors) covered by the above information were paid a total of 10 million yen as company housing expenses in addition to the above amounts in accordance with the Company's Director Rules. Two of the Audit & Supervisory Board Members (one Outside Audit & Supervisory Board Member) covered by the above information was paid a total of 2 million yen as company housing expenses in addition to the above amounts in accordance with the Company's Audit & Supervisory Board Member Rules.
Disclosure of Individual Remuneration of Officers
(Unit: Million yen)
Name | Officer Category | Total Amount of Consolidated Remuneration, etc. | Total Amount of Consolidated Remuneration, etc. by Type | ||
---|---|---|---|---|---|
Fixed remuneration | Performance-linked remuneration | Officer Bonuses | |||
Eiichi Kuriwada | Director | 305 | 300 | 5 | - |
Hidekazu Matsumoto | Director | 119 | 117 | 1 | - |
*The persons listed are limited to those whose total amount of consolidated remuneration, etc. is 100 million yen or more.
Amount of Remuneration, etc. of Accounting Auditor
(Unit: Million yen)
Boundary | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | |||||
---|---|---|---|---|---|---|---|---|---|---|
Remuneration based on audit certification operations | Remuneration based on non-audit operations | Remuneration based on audit certification operations | Remuneration based on non-audit operations | Remuneration based on audit certification operations | Remuneration based on non-audit operations | Remuneration based on audit certification operations | Remuneration based on non-audit operations | Remuneration based on audit certification operations | Remuneration based on non-audit operations | |
SG Holdings | 70 | 12 | 64 | 9 | 69 | 21 | 73 | 94 | 81 | 3 |
Consolidated subsidiaries | 106 | 27 | 109 | 18 | 104 | 32 | 106 | 33 | 108 | 3 |
Total | 177 | 39 | 173 | 28 | 173 | 53 | 179 | 128 | 190 | 7 |
Matters Related to Shares
Breakdown | Unit | |
---|---|---|
Total number of authorized shares | Shares | 1,800,000,000 |
Total number of issues shares | Shares | 640,394,400 |
Treasury shares | Shares | 14,926,839 |
Number of shareholders | Persons | 25,541 |
Percentage of shares held by foreign nationals | % | 17.21 |
*As of March 31, 2024
Major Shareholders (Top 10)
Name | Number of Shares Held | Percentage of Voting Rights (%) |
---|---|---|
Shinsei Kosan Co., Ltd. | 107,771,600 | 17.23 |
The Master Trust Bank of Japan, Ltd. (Trust Account) | 51,839,300 | 8.28 |
SGH Culture and Sports Promotion Foundation | 48,400,362 | 7.73 |
Sumitomo Life Insurance Company | 25,200,000 | 4.02 |
Mitsui Sumitomo Insurance Company, Limited | 25,200,000 | 4.02 |
Custody Bank of Japan, Ltd. (Trust Account) | 23,493,200 | 3.75 |
Sagawa Printing Co., Ltd. | 22,816,400 | 3.64 |
Sumitomo Mitsui Banking Corporation | 20,750,000 | 3.31 |
MUFG Bank, Ltd. | 20,750,000 | 3.31 |
Tanaka Industry Co.,Ltd. | 19,990,700 | 3.19 |
*As of March 31, 2024
Stock
Our Thinking in Regard to the Acquisition and Holding of Shares (Cross-shareholding, etc.)
We hold shares of companies we do business with if we judge doing so necessary or reasonable from the perspective of the maintenance and development of mid- to long-term business relationships, the creation of synergies or other purposes. In exercising the voting rights of the shares held, we judge each proposal on its merits taking into consideration the rationale for our holding the stock and potential contribution to the increase of the company's value and its shareholders' profits.