Strengthening Oversight Functions through an Audit and Supervisory Committee Structure

「We have adopted the current structure because we believe that strengthening supervision and auditing functions by highly independent outside directors and the Audit and Supervisory Committee will maintain a highly transparent governance structure and contribute to the continuous enhancement of corporate value.」

「To strengthen the Board of Directors' supervisory function and enhance corporate governance, the company changed to a Company with an Audit and Supervisory Committee pursuant to a resolution of the annual general meeting of shareholders held on 30 November 2017, and has established a general meeting of shareholders, a Board of Directors, an Audit and Supervisory Committee and an accounting auditor.」