Treasure Factory Co.,LTD. [3093.T]
TOKYO, May 27 (Pulse News Wire) – Treasure Factory CO.,LTD. (3093.T) announced today the results of its evaluation aimed at enhancing the effectiveness and functionality of its board of directors for the fiscal year ending February 2026.
The assessment involved five directors and three auditors through a questionnaire conducted by the board secretariat. Based on the aggregated survey responses and free-form comments, the company's board meeting held in May confirmed that the frequency of meetings, annual schedules, discussion times, risk-taking atmosphere, conflict-of-interest management, and information provision systems were generally well-managed. However, areas such as pre-meeting review time for submitted materials, long-term strategic discussions, succession planning oversight, and board composition require further improvement. To address these findings, Treasure Factory plans to implement several measures.
These include advancing the submission timing of monthly financial reports and operational analysis documents, reviewing documentation submission processes for consolidated subsidiaries, and ensuring sufficient preparation time for directors and auditors. Additionally, the company intends to share internal mid-term roadmaps and activities related to sustainability initiatives within the board to enrich discussions on long-term strategies and environmental responsibility. Succession planning efforts will involve developing a senior executive system and regularly reporting deliberation outcomes from advisory committees to strengthen supervisory functions. Furthermore, the company will continue evaluating the optimal number and skills needed for board members based on expanding business operations, international expansion, new ventures, and enhanced management capabilities.
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