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Leadership Details
- *As of December 31, 2023
Leadership Details
Skill Matrix for the Board of Directors and Audit & Supervisory Board
When naming Directors, the Company takes a holistic approach considering the balance of the overall skill matric with emphasis on the necessary experience and professional knowledge of each candidate, and independent officers must be meet the independency criteria. Finally, the Company also pays consideration to the diversity of the board as well as ensuring that each Director possesses the personal qualities to serve as officers.
In addition, based on our Mid-Term Management Plan, we have selected 10 skill areas. We disclose the following skill matrix with the intention of achieving a balanced and diverse composition, both overall and in terms of scale, for the Board of Directors and Audit & Supervisory Board.
(Note: The table below does not represent all the knowledge and experience possessed by each director and auditor.)
| Position in the Company (scheduled) | Name | Skills and experience | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Practice of corporate philosophy* |
Management experience |
Global | Sustainability | Real estate |
Financial sector |
Technology | Legal affairs/ Risk management |
Accounting/ Finance |
M&A | ||
| Representative Director, Chairperson |
INOUE Takashi | ||||||||||
| Representative Director, President, Managing Officer |
ITO Yuji | ||||||||||
| Director | SHISHIDO Kiyoshi |
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| Director | SHIMIZU Tetsuro |
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| Director, Managing Officer |
YAMADA Takashi |
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| Outside Director |
KOBAYASHI Masatada |
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| Outside Director |
NAKAO Ryuichiro |
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| Outside Director |
OKUBO Kazutaka |
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| Outside Director |
KIMURA Naonori |
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| Audit & Supervisory Board Member (Full-time) |
OHSUMI Shoko |
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| Outside Audit & Supervisory Board Member |
NAKAMORI Makiko |
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| Outside Audit & Supervisory Board Member |
MATSUSHIMA Kie |
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| Outside Audit & Supervisory Board Member |
NISHIGAKI Atsushi |
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- *Corporate Philosophy: Credo: Altruism. Corporate Philosophy: Create a society where everyone can attain "comfort" and "happiness" through continuous social innovations
Reason for Nominating Directors and Audit & Supervisory Board Members
| Title | Name | Reason for Nominating Directors and Audit & Supervisory Board Members |
|---|---|---|
| Representative Director, Chairperson |
INOUE Takashi | INOUE Takashi is the founder of the Company and has served as CEO since founding the Company. He plays an important role in the growth of the Group by demonstrating strong leadership in determining and implementing management policies and business strategies with his extensive experience and knowledge of the real estate industry and internet-based services. |
| Representative Director, President, Managing Officer |
ITO Yuji | ITO Yuji has been involved in various markets, such as those of the Rental and Sale divisions, since he joined the Company in April 2006. Currently, he oversees the LIFULL HOME'S Business Department, the core business of the Company, and we judge that we can expect him to continue contributing to sustainable improvement in the corporate value of the Company in the future. |
| Director | SHISHIDO Kiyoshi | SHISHIDO Kiyoshi has held positions as an executive director and representative director of the Mitsubishi Corporation and its affiliated companies, has abundant experience as a corporate manager and is familiar with global business. He has also served as an Outside Audit & Supervisory Board Member of the Company (full-time) since June 2016 and is familiar with the Company’s businesses. |
| Director | SHIMIZU Tetsuro | SHIMIZU Tetsuro has experience working in the financial industry for many years, serving in a succession of posts as director in the same industry. |
| Director, Managing Officer |
YAMADA Takashi | YAMADA Takashi has been involved in the development of the Company’s in-house services as a system engineer since he joined the Company in March 2000. Currently, he oversees the AI Strategy Office and Product Planning Division of the LIFULL HOME'S Business Department, two major divisions of the Company. |
| Outside Director | KOBAYASHI Masatada | KOBAYASHI Masatada has worked at Rakuten Group, Inc. for many years since its foundation, serving in a succession of posts such as executive and director at the firm and its affiliates. |
| Outside Director | NAKAO Ryuichiro | NAKAO Ryuichiro worked at Recruit Holdings Co., Ltd. and its affiliates serving in a succession of posts such as executive and representative director, so he has expertise and experience in a wide variety of areas including business development, marketing, organizational invigoration and KPI management, in addition to being familiar with the housing and technology sectors. |
| Outside Director | OKUBO Kazutaka | OKUBO Kazutaka is not only familiar with governance and finance with his auditing experience as a certified public accountant at a major auditing firm, but also has abundant expertise and experience in the fields of compliance and CSR, having served in succession as an expert committee member at various government offices and as secretary of business circles. |
| Outside Director | KIMURA Naonori | KIMURA Naonori has been involved in the fields of management reform and business strategies for many years, serving in a succession of posts as an executive for domestic and overseas businesses. Therefore, we believe he has extensive knowledge and experience in overall corporate management. |
| Audit & Supervisory Board Member(Full-time) | OHSUMI Shoko | Since joining the Company in September 2008, OHSUMI Shoko has served as a person in charge of the Financial Department, and has supervised the Internal Audit Office and Internal Control Department. She, therefore, has extensive knowledge related to finance, accounting, and governance. |
| Outside Audit & Supervisory Board Member | NAKAMORI Makiko | Although NAKAMORI Makiko has not been involved with corporate management other than as an outside officer, she has considerable knowledge on financial affairs and accounting as a certified public accountant. |
| Outside Audit & Supervisory Board Member | MATSUSHIMA Kie | Although MATSUSHIMA Kie has not been involved with corporate management other than as an outside officer, she has considerable experience and broad insight as an attorney-at-law. |
| Outside Audit & Supervisory Board Member | NISHIGAKI Atsushi | NISHIGAKI Atsushi has many years of experience working in the financial industry, serving in a succession of posts as executive and director at construction consulting companies. |
Number of the Company’s shares held by Directors and Audit & Supervisory Board Members and Attendance at Meetings
| Title | Name | Number of the Company’s shares | Attendance | |
|---|---|---|---|---|
| FY2023/9 | FY2022/9 | |||
| Representative Director, Chairperson |
INOUE Takashi | 42,476,700 | Board of Directors: 19/19 |
Board of Directors: 18/18 |
| Representative Director, President, Managing Officer |
ITO Yuji | 18,900 | Board of Directors: 19/19 |
Board of Directors: 18/18 |
| Director | SHISHIDO Kiyoshi （Full-time Outside Audit & Supervisory Board Member until December 21,2023） |
16,200 | Board of Directors: 19/19 Audit & Supervisory Board Meetings: 17/17 |
Board of Directors: 18/18 Audit & Supervisory Board Meetings: 17/17 |
| Director, Managing Officer |
YAMADA Takashi | 166,600 | Board of Directors: 19/19 |
Board of Directors: 18/18 |
| Director | SHIMIZU Tetsuro (Assumed position as Director on November 14, 2023) |
11,000 | Board of Directors: 15/15 (Assumed position as Outside Director on December 22, 2022) |
― |
| Outside Director | TAKAHASHI Masato (Stepped down on December 22, 2022) |
― | ― | Board of Directors: 18/18 |
| Outside Director | KOBAYASHI Masatada | ― | Board of Directors: 19/19 |
Board of Directors: 18/18 |
| Outside Director | NAKAO Ryuichiro | ― | Board of Directors: 19/19 |
Board of Directors: 18/18 |
| Outside Director | OKUBO Kazutaka | 12,100 | Board of Directors: 19/19 |
Board of Directors: 18/18 |
| Outside Director | KIMURA Naonori | ― | Board of Directors: 19/19 |
Board of Directors: 18/18 |
| Audit & Supervisory Board Member(Full-time) | OHSUMI Shoko （Assumed position as Full-time Audit & Supervisory Board Member on December 21,2023） |
― | ― | ― |
| Outside Audit & Supervisory Board Member | HANAI Takeshi (Stepped down on December 22, 2022) |
― | ― | Board of Directors: 18/18 Audit & Supervisory Board Meetings: 17/17 |
| Outside Audit & Supervisory Board Member | NAKAMORI Makiko | ― | Board of Directors: 19/19 Audit & Supervisory Board Meetings: 17/17 |
Board of Directors: 18/18 Audit & Supervisory Board Meetings: 17/17 |
| Outside Audit & Supervisory Board Member | MATSUSHIMA Kie | ― | Board of Directors: 19/19 Audit & Supervisory Board Meetings: 17/17 |
Board of Directors: 18/18 Audit & Supervisory Board Meetings: 17/17 |
| Outside Audit & Supervisory Board Member | NISHIGAKI Atsushi (Assumed position on December 22, 2022) |
― | Board of Directors: 15/15 Audit & Supervisory Board Meetings: 13/13 (Assumed position on December 22, 2022) |
― |
- *Shares of the Company owned as of December 31, 2023
Executive Remuneration
Determination Process for Remuneration of Directors and Auditors
Policies for determining remuneration for directors and corporate auditors are described in the Corporate Governance and Securities Reports.
As directors are responsible for increasing value provided by the Company, the basic remuneration policy for directors is to secure and maintain an appropriate level for the execution of duties compared to the wage level of employees. Remuneration for full-time directors is based on sharing interests such as profits and risks due to changes in the Company's business performance and stock prices with shareholders with consideration to mid- to long-term contributions to business performance and improvement of corporate value. Remuneration for other officers consists solely of basic remuneration for their duties.
Remuneration for directors is determined by their LIFULL Group Vision Achievement Score (LVAS), a proprietary evaluation system that incorporates evaluation criteria, including 1) altruistic contributions, referring to contributions to society; 2) degree of growth and innovation; 3) contributions to the Group; and 4) embodiment of the organization’s vision. The amount calculated based on each officer's LVAS is paid as monthly remuneration over the following period.
Furthermore, remuneration amounts for each director and Auditory & Supervisory Board member are determined by the Board of Directors with approval from the Audit & Supervisory Board within the limits determined at the General Meeting of Shareholders with consideration given to Company performance, management duties, economic conditions and other factors.
Total Executive Remuneration
(For FY 2023/9)
| Position Executives | Receiving Payment | Total Remuneration(JPY mil.) |
|---|---|---|
| Directors (Outside Officers) | 8 (5) | 138 (29) |
| Auditors (Outside Officers) | 5 (5) | 42 (42) |
| Total (Outside Officers) | 12 (9) | 180 (71) |
Budget for Director Remuneration: ¥240 Million / Year
Budget for Auditor Remuneration: ¥50 Million / Year
- *At the end of the current fiscal year, there are currently 8 Directors (including 5 Outside Directors) and the number of auditors is 4 (all of whom are outside auditors). The above table does not include one outside director who serves without remuneration. The discrepancy with the number of auditors in the table is due to the inclusion of one auditor (including one outside auditor) who retired at the conclusion of the 28th Ordinary General Meeting of Shareholders held on December 22, 2022.