Execution and renewal of directors’ and officers’ liability insurance contracts

「In summary, under the insurance contract, the insurer covers losses that may arise if the insured officers become liable in connection with the performance of their duties or receive a claim seeking to establish such liability. The contract is renewed annually.」

「In summary, under the insurance contract, the insurer covers losses that may arise if the insured officers become liable in connection with the performance of their duties or receive a claim seeking to establish such liability. The contract is renewed annually. The Company has taken measures to ensure that the proper execution of the insured parties' duties is not compromised by setting a limit on the amount of coverage. The contract is scheduled to be renewed on the same terms at the next renewal.」

「The Company has entered into a directors and officers liability insurance contract with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The insured parties are the directors, audit and supervisory board members, and executive officers of the Company and its subsidiaries, including those who held office during the fiscal year, and the Company bears the full cost of the premiums. The Company has taken measures to ensure that the proper execution of the insured parties' duties is not compromised by setting a limit on the amount of coverage. The contract is scheduled to be renewed on the same terms at the next renewal.」