Strengthening oversight and decision-making through the transition to a company with an Audit and Supervisory Committee

「The Company transitioned to a company with an Audit and Supervisory Committee based on a resolution to amend its Articles of Incorporation at the 67th Annual General Meeting of Shareholders held on 22 June 2018. By establishing an Audit and Supervisory Committee comprising a majority of outside directors, the Company aims to further enhance corporate governance by strengthening the Board of Directors’ supervisory function, while improving the soundness and efficiency of management and further increasing corporate value through rapid decision-making and business execution enabled by the delegation of authority.」