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Investor Relations Corporate Governance

Basic concept of corporate governance

We base our management on the basic policy of promoting corporate activities that take our social mission into consideration, and growing together with society by developing technologies that fit user needs and contribute to a healthy global environment. To achieve sustainable growth and medium-to-long term improvement of corporate value, we believe that it is important to enhance the supervisory function to enable prompt and appropriate decision-making and business execution, and to ensure thorough compliance through the transparency of management. We are committed to enhancing corporate governance.

Corporate governance system

Our organization is a company that utilizes corporate auditors.

The Board of Directors consists of nine directors, of which two are external. In order to ensure the efficiency of the execution of duties by the directors, we hold monthly regular Board of Directors meetings. In addition, special Board of Directors meetings are held as necessary to decide matters stipulated in law as well as important matters concerning management, and to oversee the execution of business operations.

In addition, as a general rule we hold management meetings every week, and promptly make business decisions and execute duties by reviewing target development and confirming progress on tasks. We have also implemented an executive officer system in order to strengthen our business execution structure and promote speedy business decisions. The executive officers in charge of each division decide and implement specific measures based on important management matters determined at the management meetings.

Corporate governance system

Corporate governance system

Our organization is a company that utilizes corporate auditors.

The Board of Directors consists of nine directors, of which two are external. In order to ensure the efficiency of the execution of duties by the directors, we hold monthly regular Board of Directors meetings. In addition, special Board of Directors meetings are held as necessary to decide matters stipulated in law as well as important matters concerning management, and to oversee the execution of business operations.

In addition, as a general rule we hold management meetings every week, and promptly make business decisions and execute duties by reviewing target development and confirming progress on tasks. We have also implemented an executive officer system in order to strengthen our business execution structure and promote speedy business decisions. The executive officers in charge of each division decide and implement specific measures based on important management matters determined at the management meetings.

Internal audits and corporate auditor

We have established the Internal Audit Office, with a staff of 5, as the internal auditing department and formulated an internal audit plan based on the "Internal Audit Regulations". The Internal Audit Office conducts internal audits on the status of business execution and management for each division of the Group and makes suggestions and recommendations as necessary.

Results of the audits are periodically reported to the directors and corporate auditors.

The Board of Corporate Auditors consists of one full-time corporate auditor and three external corporate auditors. They attend the Board of Directors and other important management-related meetings. In addition, we draft corporate auditor audit plans for each fiscal year, and monitor and supervise management by reviewing important documents, conducting discussion meetings with the CEO and visiting major business offices.

External directors and corporate auditors

There are two external directors and three external corporate auditors.

External officers are expected to provide managerial advice and supervisory functions to the directors from an objective and expert standpoint, and to act on the basic principle of ensuring that there will be no conflicts of interest with general shareholders. If the following items do not apply to a candidate or their relatives in the second degree, now or in the past 10 years, they are judged to be independent.

  • Business executives of our company or its affiliates, major shareholders, principal business partners, or companies that consider us a major partner
  • Non-executive directors or accounting advisors of affiliated companies
  • Consultant, accounting expert or legal expert who receives cash payment or other compensation other than remuneration from our company
  • Director or other business executives of organizations that receive donations or subsidies exceeding a certain amount from our company or affiliates



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