Introduction of Performance-Based Restricted Stock Compensation

「For directors, excluding outside directors, hereinafter referred to as “Eligible Directors,” we will submit to the 12th Annual General Meeting of Shareholders a proposal to introduce a new performance-based restricted stock compensation plan for Eligible Directors, separate from the compensation limit for directors approved at the Annual General Meeting of Shareholders held on 20 June 2019. The purpose is to provide incentives for the sustainable improvement of the Company’s medium- to long-term corporate value and shareholder value, promote value sharing with shareholders, clarify the linkage between performance targets and compensation, and foster a commitment to performance.」