A Governance Structure Supporting Transparent, Efficient and Sound Corporate Management

「The Company has adopted a company with an Audit & Supervisory Board structure as its corporate governance system. The Board of Directors, which is responsible for formulating corporate strategies and overseeing their execution, works with the Audit & Supervisory Board, which audits the execution of duties by the directors, to ensure the effectiveness of corporate governance.」

「We established an Internal Control Committee chaired by the Representative Director and President. The committee deliberates and formulates basic policies concerning internal control, confirms their effectiveness, determines basic policies and measures concerning compliance, risk management and compliance with the J-SOX Act, confirms the status of their operation, and periodically reports the results to the Board of Directors.」

「The Company has adopted a company with an Audit & Supervisory Board structure as its corporate governance system. It has established an Internal Control Committee, a Sustainability Committee and meetings of related companies as forums for internal control matters.」

「In connection with the transition to the holding company structure described in ③, the Company will remain listed on the First Section of the Tokyo Stock Exchange as a joint holding company, maintain its independence as a listed company contributing to local communities in the Chugoku and Shikoku regions, and promote a fair and highly transparent governance structure and a flexible, innovative corporate culture.」

「The Company considers realizing its basic management policies, enhancing transparency, and conducting efficient and sound corporate management to be among its most important priorities.」