Establishment of the Nomination and Compensation Committee

「During the fiscal year, we held 9 Board of Directors meetings and 4 Nomination and Compensation Committee meetings.」

「We established the Nomination and Compensation Committee effective 24 February 2022 to ensure the fairness, transparency and objectivity of procedures concerning the nomination and compensation of directors and to enhance corporate governance. The Nomination and Compensation Committee comprises the Representative Director and President and the outside directors, with independent outside directors constituting a majority. It deliberates on the appointment and dismissal of directors and executive officers, the selection and dismissal of Representative Directors and others, compensation for directors, excluding directors who are Audit and Supervisory Committee members, and executive officers, as well as other important management matters, and reports its findings to the Board of Directors.」