TOTO LTD.
Regarding Director Candidates and Transition to New Management Structure
At the 160th Annual General Meeting of Shareholders scheduled for June 2026, a change in the board of directors' composition and transition to a new management structure will be decided. The company aims to increase the ratio of outside directors and strengthen the authority of executive directors.
Key Figures
- New Outside Director (Non-Audit & Supervisory Committee Member): Kenji Yoshida
- New Outside Director (Audit & Supervisory Committee Member): Shuichi Horikoshi
- Board composition change planned at 160th Annual General Meeting of Shareholders in June 2026
AI要約
Overview of Transition to New Management Structure
At the 160th Annual General Meeting of Shareholders scheduled for June 2026, a proposal will be made to change the composition of the board of directors. Tokumi Kiyota is scheduled to assume office as Representative Director Chairman, and Shinya Tamura as Representative Director President and Executive Officer. Authority will be delegated to some executive directors to focus on execution and expedite decision-making. Additionally, the ratio of outside directors will be increased to strengthen management oversight functions.
Background and Future Outlook
In response to changes in the global environment, diversification of consumer behavior due to advances in digital technology, and changing business conditions, the company is establishing a new system aimed at accelerating management decision-making. Against the backdrop of deteriorating performance in the Mainland China housing equipment business, declining profitability in the Japan housing equipment business, and fluctuations in the ceramics business, the company aims to create new value together with stakeholders.
