Return of the Excess Amount of Audit & Supervisory Board Member Compensation and Review of the Decision-Making Process

「The annual compensation of the company's audit & supervisory board members had been approved by the general meeting of shareholders at no more than ¥50.000 million. However, since the fiscal year ended June 2019, compensation paid to audit & supervisory board members had exceeded this ceiling. The company requested the return of the excess amount for the relevant period, and the full amount has been returned. Going forward, the company will review the process for determining audit & supervisory board member compensation, the appropriate level of the ceiling and the verification procedures.」