Strengthening Oversight Functions through a Company with an Audit and Supervisory Committee and Outside Directors

「We have adopted the Company with an Audit & Supervisory Committee structure because we believe it will strengthen the auditing and oversight functions over management and ensure the appropriateness of operations and the effectiveness of internal controls. Audit & Supervisory Committee members have voting rights at meetings of the Board of Directors, and the highly independent Audit & Supervisory Committee, which consists of a majority of outside directors, conducts audits in appropriate cooperation with the personnel responsible for internal audits and the accounting auditor.」