Introduction of Directors and Officers Liability Insurance Contracts

「The insurance policy generally provides that the insurance company will indemnify the insured persons for losses that may arise from their being held liable in connection with the performance of their duties or from receiving claims seeking to hold them liable. The policy is renewed annually.」

「The company has entered into a directors and officers liability insurance policy with an insurance company, covering its directors, corporate auditors, executive officers and managerial employees as insured persons, as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The company bears the full cost of the premiums.」