Strengthening Management and Internal Management Systems

「The board of directors comprises 5 members, including 3 outside directors, and the board of corporate auditors comprises 3 outside corporate auditors. We have also established a nomination and compensation committee, a voluntary advisory body to the board of directors, to further enhance corporate governance by strengthening the fairness, transparency and objectivity of procedures relating to the nomination and compensation of directors.」

「We recognize that strengthening our internal management system in line with business expansion is an important challenge for further growth. We will continue working to further enhance corporate governance.」

「From the current interim accounting period, we changed to a co-representative system comprising Representative Director and President 高橋 and Representative Director and Executive Vice President 権藤. We also made organizational changes, including establishing business divisions, to optimize management resources and strengthen the execution structure.」

「Based on the basic regulations for internal controls over financial reporting and the risk management regulations, we have established a Risk and Compliance Committee chaired by the representative director. From the perspective of legal compliance, the committee oversees whether internal controls over financial reporting are appropriately established and operated and whether the risk of false statements in financial reporting is being managed. It also promotes risk management across the company and facilitates the sharing of information necessary for risk management.」

「We recognize that strengthening the internal management system in line with business expansion is an important challenge for further growth. We will continue enhancing corporate governance, taking into account the application of the internal control reporting system under the Financial Instruments and Exchange Act.」