Strengthening oversight through the transition to a company with an Audit & Supervisory Committee

「The Company's Audit and Supervisory Committee comprises 4 directors serving as Audit and Supervisory Committee members, all 4 of whom are outside directors.」

「To further strengthen the management structure, we are asking shareholders to elect 5 directors, an increase of 2.」

「At the annual general meeting of shareholders held on 24 June 2025, a resolution was passed to amend the Articles of Incorporation to transition to a company with an Audit and Supervisory Committee. Accordingly, effective that date, the Company transitioned from a company with a Board of Corporate Auditors to a company with an Audit and Supervisory Committee. The purpose of this transition is to establish a structure for more transparent management and to respond more effectively to the expectations of stakeholders in Japan and overseas, with an Audit and Supervisory Committee comprising a majority of outside directors responsible for auditing and supervising the legality and appropriateness of business execution.」