Administration of Directors and Officers Liability Insurance (D&O Insurance)

「The D&O insurance policy has a one-year term and is scheduled to be renewed by board resolution before the end of that term.」

「We have entered into a directors' and officers' liability insurance agreement (the “D&O Insurance”) with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. Under the policy, if an officer, namely a director or Audit & Supervisory Board member, is subject during the insurance period to a claim for damages from a shareholder, investor, employee or other third party arising from the officer's duties, the policy will cover losses incurred by the insured in paying damages, litigation costs and other related amounts. The D&O Insurance has a term of 1 year and is scheduled to be renewed following a resolution of the Board of Directors before the term expires.」