Transition to a Company with an Audit and Supervisory Committee

「In June 2025, following approval at the 22nd annual general meeting of shareholders, the Company transitioned from a company with a board of corporate auditors to a company with an audit and supervisory committee. As part of this transition, the Company will significantly delegate authority to make decisions on the execution of operations from the Board of Directors to individual directors, enabling prompt management decision-making through the separation of supervision from execution and the delegation of authority. By appointing directors who are audit and supervisory committee members, the Company also aims to strengthen the Board of Directors' monitoring function, further enhance corporate governance, and increase corporate value.」

「As an agenda item for approval at the 22nd Annual General Meeting of Shareholders scheduled for 25 June 2025, the Company has proposed the "Partial Amendments to the Articles of Incorporation" in order to transition to a company with an Audit and Supervisory Committee. The transition is intended to strengthen the Board of Directors' monitoring function by appointing directors who are Audit and Supervisory Committee members with voting rights at Board meetings, further enhance corporate governance, and further increase corporate value.」