Enhancing the Transparency of Appointment and Compensation Procedures through the Nomination and Compensation Advisory Committee

「The company held 3 meetings of the Nomination and Compensation Advisory Committee during the fiscal year, and the attendance of individual directors was as follows.」

「The company has also established a Nomination and Compensation Advisory Committee as an advisory body to the Board of Directors, with a majority of its members being independent outside directors. The committee currently consists of Representative Director, Chairman and CEO Ota Akio (太田明夫), Representative Director, President and COO Seimiya Shigeki (清宮茂樹), Outside Director and Audit and Supervisory Committee Member Miya Naohito (宮直仁), Outside Director and Audit and Supervisory Committee Member Yamauchi Yutaka (山内豊), and Outside Director and Audit and Supervisory Committee Member Iwase Junichi (岩瀬淳一). It meets as necessary before meetings of the Board of Directors to ensure transparency and objectivity in procedures concerning proposals for the appointment and dismissal of directors, the selection and dismissal of representative directors, the appointment and dismissal of senior executive officers, and compensation and other matters for directors, excluding directors who are Audit and Supervisory Committee Members, and senior executive officers.」

「The company has also established a Nomination and Compensation Advisory Committee as an advisory body to the Board of Directors, with more than half of its members being independent outside directors. The committee is intended to ensure transparency and objectivity in the procedures for selecting and dismissing representative directors, appointing and dismissing senior executive officers, and determining compensation and other matters for directors and senior executive officers.」