Confirmation of Audit Quality Under Selection and Evaluation Criteria for the Independent Auditor

「As a result, we have confirmed that the audits conducted by the audit corporation are appropriate.」

「Our Audit & Supervisory Board Members and Audit & Supervisory Board have established evaluation criteria for the accounting auditor based on the Practical Guidelines for Audit & Supervisory Board Members, etc. on the Evaluation and Selection Criteria for Accounting Auditors published by the Japan Audit & Supervisory Board Members Association, and conduct evaluations accordingly. As a result, we have confirmed that the audits conducted by the audit corporation are appropriate.」

「In selecting the accounting auditor, our Audit & Supervisory Board has established selection criteria based on the Practical Guidelines for Audit & Supervisory Board Members, etc. on the Evaluation and Selection Criteria for Accounting Auditors published by the Japan Audit & Supervisory Board Members Association. The selection is made after comprehensive consideration of the auditor’s independence in conducting financial statement audits, the audit structure taking into account our business activities and risks, and the quality control system based on the results of quality reviews by the Japanese Institute of Certified Public Accountants and inspections by the Certified Public Accountants and Auditing Oversight Board.」