Strengthening Audit and Oversight Through the Transition to a Company with an Audit and Supervisory Committee

「At a Company with an Audit and Supervisory Committee, the Board of Directors may delegate decisions on important business execution to Directors responsible for business execution, enabling faster management decisions and more agile business execution. At the same time, the Board of Directors can devote more attention to discussions and monitoring concerning the company's management policies and business strategies, which we believe will strengthen the Board's functions.」

「The company changed from a Company with an Audit & Supervisory Board to a Company with an Audit and Supervisory Committee, in order to further enhance the effectiveness of the Board of Directors' audit and supervisory functions, strengthen governance and improve the agility of business execution by having Audit and Supervisory Committee members with voting rights at the Board of Directors audit the legality and appropriateness of business execution.」