Mitsui E&S Group
IR Information

Independence Criteria for Outside Directors

MITSUI E&S Co., Ltd. judges that persons who conflict the Independence Criteria of the Tokyo Stock Exchange and, in principle, who meet the requirements of the "Independence Criteria for Outside Directors of MITUI E&S Co., Ltd." below, are not independent.

Independence Criteria for Outside Directors of MITSUI E&S Co., Ltd. (Updated February 29, 2024)

MITSUI E&S Co., Ltd. (hereinafter referred to as"the Company") will judge the independency of its Outside Directors by taking into account  the following requirements in addition to the Independence Criteria set by the Tokyo Stock Exchange.

  1. Persons whose principal business partners are the Company or its consolidated subsidiaries (hereinafter referred to as "the Company Group")(*1) or those who execute their operations.
  2. Principal business partners of the Company Group(*2) or those who execute their operations.
  3. Major creditors of the Company(*3) or those who execute their operations.
  4. Major shareholders of the Company(*4) or those who execute their operations.
  5. Persons belonging to an auditing firm that conducts statutory audits of the Company Group.
  6. Consultants, accounting experts, or legal experts who have received monetary or other financial benefits totaling 10 million yen or more in the most recent fiscal year from the Company Group, excluding executive compensation (if the recipient is a corporation, partnership, or other organization, this refers to persons belonging to said organization).
  7. Persons who have fallen under any of categories 1 to 6 within the past year.
  8. Close relatives of any of the persons listed in categories 1 to 7, excluding those who are not significant.(*5)

*1: Persons whose principal business partners are the Company Group: Those whose transaction amount with the Company Group in the most recent fiscal year exceeds 2% of their annual consolidated total sales.
*2: Principal business partners of the Company Group: Those whose transaction amount with the Company Group in the most recent fiscal year exceeds 2% of the Company Group’s annual consolidated total sales.
*3: Major creditors: Financial institutions or other creditors that are essential for the Company's financing and have no viable substitutes.
*4: Major shareholders: Shareholders who hold 10% or more of voting rights for the  Company.
*5: Close relatives: Spouses or relatives within the second degree of kinship.