System

Corporate Governance Organization
(As of June 2019)

The corporate governance organization shown below ensures management transparency and soundness.

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Board of Directors

Following the general shareholder’s meeting as of June 27, 2019, the system of the Board of Directors consists of six internal directors and three outside directors. One of the internal directors is a non-Japanese national (president of our subsidiary company in India). The three outside directors are all former company managers, one of whom has experience as a CFO and possesses knowledge of finance and accounting. In terms of the diversity of these outside directors, they consist of one Japanese male, one Japanese female, and one non-Japanese male, with all three individuals having submitted notification as independent officers as prescribed by the Tokyo Stock Exchange.

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Audit & Supervisory Board

Following general shareholder’s meeting as of June 27, 2019, the structure of the audit & supervisory board consists of two internal audit & supervisory board members and two outside audit & supervisory board members. Both of the internal audit & supervisory board members are Japanese males, while one of the outside audit & supervisory board members is a Japanese male and one is a non-Japanese male. Both outside audit & supervisory board members have submitted notification as independent officers as prescribed by the Tokyo Stock Exchange. One of the internal audit & supervisory board members has many years of experience in our Group’s Finance and Accounting Division, while one of the outside audit & supervisory board members is a qualified chartered accountant, with both individuals possessing knowledge of finance and accounting. Also, one of the outside audit & supervisory board members is a qualified lawyer overseas, and is learned in matters pertaining to law.

Executive Officer System

We have instituted an executive officer system to clarify job responsibilities by separating management decision making and oversight functions from business execution functions and to establish a structure to respond speedily and flexibly to changes in the business environment. Among the officers, the total number of non-directors is 19 persons (male).