Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Securities Code: 9644
June 4, 2024
To Our Shareholders:
Takahiko Wakamatsu
President and Chief Executive Officer
Tanabe Consulting Group Co., Ltd.
3-3-41 Miyahara, Yodogawa-ku, Osaka

Notice of the 62nd Annual General Meeting of Shareholders
We are pleased to announce the 62nd Annual General Meeting of Shareholders of the Company to be held as follows.
For the convocation of this General Meeting of Shareholders, the Company has adopted the electronic provision
measure for information in the General Meeting of Shareholders Reference Documents, etc. (Matters concerning
Electronic Provision Measure), and posted them on the following websites, so please access any of the websites toconfirm the information.
[Company website]
https://www.tanabeconsulting-group.com/ir/(Please refer to the “Notice of the 62nd Annual General Meeting of Shareholders” on the above website.)[Website for General Meeting of Shareholders documents]
https://d.sokai.jp/9644/teiji/ (in Japanese)[Tokyo Stock Exchange website (Listed Company Search)]https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(To confirm the information, please access the TSE website (Listed Company Search), enter or search by Issue name
(Tanabe Consulting Group Co., Ltd.) or the securities code (9644), select “Basic information” and then “Documentsfor public inspection/PR information,”) and review “Notice of Annual General Meeting of Shareholders/Reference
Documents for the General Meeting of Shareholders.”
We ask shareholders who are unable to attend the Meeting in person to exercise your voting rights using either of themethods set out on pages 3 to 4 (in Japanese only).
1. Date and time:
2. Venue:

Tuesday, June 25, 2024, at 10:00 a.m. (JST)“MODERN SUITE,” LAGUNAVEIL Premier
28F, North Gate Building
OSAKA STATION CITY
3-1-3 Umeda, Kita-ku, Osaka(The Meeting will be held at a different venue from the last Meeting.)

3. Agenda
Matters to be reported:
1. Business Report, Consolidated Financial Statements, and Audit Reports on the Consolidated Financial
Statements by Accounting Auditor and Audit and Supervisory Committee for the 62nd Fiscal Year (April 1,
2023 - March 31, 2024)
2. Non-consolidated Financial Statements for the 62nd Fiscal Year (April 1, 2023 - March 31, 2024)
Matters to be resolved:
Proposal No. 1
Appropriation of Surplus for the 62nd Fiscal Year
Proposal No. 2
Election of Six (6) Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
Proposal No. 3
Election of One (1) Substitute Director Who Is an Audit and Supervisory Committee
Member-1-

1. For this General Meeting of Shareholders, a document stating the Matters concerning Electronic Provision Measure will be
uniformly sent to all shareholders, regardless of the Request for Delivery of Documents. Of the Matters concerning Electronic
Provision Measure, the following items are not included in the document to be sent pursuant to the provisions of law and Article 15of the Company’s Articles of Incorporation.
・“Framework to Ensure Proper Business Operations and the Operational Status of This Framework” in the Business Report
・Notes to the Consolidated Financial Statements
・Notes to the Non-consolidated Financial Statements
Accordingly, the Business Report, Consolidated Financial Statements and Non-Consolidated Financial Statements included in thisdocument are a part of the audited documents for the preparation of the Audit Report and the Accounting Audit Report by the Audit
and Supervisory Committee and the Accounting Auditor, respectively.
2. Any revisions to the Matters concerning Electronic Provision Measure shall be posted on the respective websites listed on page 1
to that effect, describing the matters before and after the revision.

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Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1

Appropriation of Surplus for the 62nd Fiscal Year

The Company sets the return of profits to its shareholders as one of the management issues of the highest priority.
And, we strive to stably and actively pay dividends from retained earnings based on profits generated through ourbusiness activities, while making growth investments to achieve “return on equity (ROE) of 10%,” a target under“TCG Future Vision 2030” medium-term management plan 2021-2025, and enhance corporate value further, andmaintaining a robust financial foundation to provide against sudden changes in the operating environment.
In accordance with this policy, the Company proposes to pay a year-end dividend for the 62nd fiscal year, as follows.
Year-end dividends
1. Type of dividend assets
To be paid in cash.
2. Allotment of dividend property and their aggregate amountThe Company proposes to pay a dividend of ¥26 per common stock of the Company.
In this event, the total dividends will be ¥433,954,352.
Accordingly, the annual dividend, including the interim dividend (¥18 per share), will be ¥44 per share.
3. Effective date of dividends of surplus
The effective date will be June 26, 2024.
(Note) The Company conducted a two-for-one share split on October 1, 2021. A converted figure is stated above as
the “annual dividend per share,” taking the said share split into consideration.

-3-

Proposal No. 2

Election of Six (6) Directors (Excluding Directors Who Are Audit and Supervisory Committee
Members)

The terms of service of all five (5) Directors (excluding Directors who are Audit and Supervisory Committee
Members; the same applies to the rest of this proposal) will expire at the conclusion of this General Meeting of
Shareholders. Accordingly, the Company requests an increase in the number of Directors by one (1) and the electionof six (6) Directors with the aim to enhance its management structure further.
Having taken into account the execution of business by candidates for Director and performance in the fiscal year
under review, the Audit and Supervisory Committee has expressed the opinion that each of the individuals is asuitable candidate for Director of the Company.
The candidates for Director are as follows:
Candidate
No.

Name

Current position in the Company

1

Reelection

Takahiko Wakamatsu

President and Chief Executive Officer

2

Reelection

Yoshikuni Nagao

Executive Vice President

3

Reelection

Norihito Minamikawa

Senior Managing Director

4

Reelection

Masaru Warata

Senior Managing Director

5

Reelection

Masahiro Matsunaga

Managing Director

6

New election

Itaru Okumura–-4-

Attendance atBoard of Directors
in FY2023
15/15(100%)
15/15(100%)
15/15(100%)
15/15(100%)
15/15(100%)–(–)

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Mar. 1989
Oct. 2001
June 2003
Apr. 2006
June 2008

Apr. 2009
Apr. 2010

Takahiko Wakamatsu(March 2, 1965)

Apr. 2012

Reelection

June 20121
Apr. 2014

June 2014

Apr. 2022
Oct. 2022

Joined the Company
General Manager of Osaka Head OfficeDirector and General Manager of Osaka Head
OfficeDirector with Responsibility for Osaka Head
Office and Chugoku/Shikoku Branch Office
Managing Director with Responsibility for
Chubu Head Office, Osaka Head Office andChugoku/Shikoku Branch OfficeSenior Managing Director and General
Manager of Consulting Department
Senior Managing Director and General
Manager of Consulting Department with
Responsibility for Network Department
Executive Vice President and General Manager
of Consulting Department with Responsibility
for Network Department
Executive Vice President and General Manager
of Consulting Department with Responsibility
for Network Department and Administration
Department
President and Chief Executive Officer with
Responsibility for Administration Department
and Compliance
President and Chief Executive Officer with
Responsibility for Compliance (current
position)
President and Chief Executive Officer of
Tanabe Consulting Company
President and Chief Executive Officer of
Tanabe Consulting Company, in charge ofCompliance (current position)

Number ofCompany shares
held132,803 shares

Reasons for nomination as candidate for Director
As the Chairperson of the Board of Directors of the Company, Takahiko Wakamatsu has managed the Board of
Directors appropriately, and as the head of overall management and strategies, he has provided proper supervision.
While practicing and pursuing with the management philosophy, he has promoted the “TCG Future Vision 2030”
medium-term management plan 2021-2025, worked as Chair of the Compliance Committee, and done his utmost toachieve sustainable growth and enhance the Group’s corporate value over the medium- to long-term.
For these reasons, the Company requests reelection of the candidate as Director.
Special Interests with the Company
None

-5-

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Mar. 1985
Apr. 2002
June 2005
Apr. 2006
Apr. 2008

Apr. 2009
Apr. 2013
Apr. 2014
Apr. 2015
Yoshikuni Nagao(December 23, 1964)
Reelection

Apr. 20162
Apr. 2018

June 2018

June 2021
Apr. 2022
June 2022

Joined the Company
Head of Hokkaido Branch OfficeDirector and Head of Hokkaido Branch OfficeDirector with Responsibility for Tokyo Head
Office and Hokkaido Branch OfficeDirector with Responsibility for Tokyo Head
Office, Hokkaido Branch Office, and Niigata
Branch Office
Managing Director and Deputy General
Manager of Consulting Department
Senior Managing Director and Deputy General
Manager of Consulting Department
Senior Managing Director and General
Manager of Consulting Department
Senior Managing Director and General
Manager of Consulting Strategy Department
with Responsibility for the Strategic Laboratory
and SP Consulting Department
Executive Vice President and General Manager
of Consulting Strategy Department with
Responsibility for the Strategic Laboratory and
SP Consulting Department
Executive Vice President and General Manager
of Management Consulting Department with
Responsibility for the Strategic Laboratory and
SP Consulting Department
Executive Vice President and General Manager
of Management Consulting Department with
Responsibility for the Strategic Laboratory
Executive Vice President and General Manager
of Management Consulting Department
Executive Vice President (current position)
Director and Executive Vice President of
Tanabe Consulting Company (current position)

Number ofCompany shares
held

98,095 shares

Reasons for nomination as candidate for Director
Yoshikuni Nagao properly manages the Company’s Board of Directors by supporting its Chairperson, and properly
supervises all management consulting business of Tanabe Consulting Company, which is our main operating company.
He has promoted the “TCG Future Vision 2030” medium-term management plan 2021-2025, and done his utmost toachieve sustainable growth and enhance the Group’s corporate value over the medium- to long-term.
For these reasons, the Company requests reelection of the candidate as Director.
Special Interests with the Company
None

-6-

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1993
Oct. 2004
Apr. 2007
June 2012
Apr. 2013
Apr. 2014

Apr. 2015

Apr. 2017

Apr. 2018

Apr. 20193

Norihito Minamikawa(March 4, 1963)
Reelection

Apr. 2020

Jan. 2021
Apr. 2021

Apr. 2022

June 2022
Oct. 2022

Apr. 2024

Joined the Company
Deputy General Manager of Western Head
OfficeGeneral Manager of Western Head OfficeDirector and General Manager of Western Head
OfficeDirector with Responsibility for Western Head
Office and Okinawa Branch OfficeDirector with Responsibility for Western Head
Office, Chugoku/Shikoku Branch Office, andOkinawa Branch Office
Managing Director with Responsibility for
Kyushu Head Office, Chugoku/Shikoku Branch
Office, and Okinawa Branch Office
Managing Director with Responsibility for
Consulting Strategy Department, Kyushu Head
Office, Chugoku/Shikoku Branch Office, andAlliance Strategy
Managing Director with Responsibility forManagement Consulting Department, Kyushu
Head Office, Chugoku/Shikoku Branch Office,and Stage-up Consulting Strategy, M&A
Alliance Consulting Strategy, and Financial
Domain Consulting Strategy
Managing Director with Responsibility forManagement Consulting Department, Kyushu
Head Office, Chugoku/Shikoku Branch Office,
M&A Alliance Consulting Strategy, andFinancial Domain Consulting Strategy
Managing Director with Responsibility forManagement Consulting Department, Kyushu
Head Office, Chugoku/Shikoku Branch Office,and M&A Alliance Consulting Department
Director of Growin’ Partners Inc. (current
position)
Senior Managing Director of the Company with
Responsibility for Management Consulting
Department Tokyo, M&A Consulting
Department, and Domain Consulting Strategyof the Company
Senior Managing Director with Responsibility
for Strategy and Domain Consulting
Department, General Manager of M&A
Alliance Consulting Department
Senior Managing Director of Tanabe
Consulting Company
Senior Managing Director of the Company(current position)
Senior Managing Director of Tanabe
Consulting Company, in charge of Strategy andDomain Consulting Department, General
Manager of M&A Alliance Consulting
Department (currently M&A Consulting)Senior Managing Director of Tanabe
Consulting Company, in charge of Strategy andDomain Consulting Department and M&A
Consulting Department (current position)-7-

Number ofCompany shares
held

42,926 shares

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company

Number ofCompany shares
held

Reasons for nomination as candidate for Director
Norihito Minamikawa leads the Strategy and Domain Consulting Department and M&A Consulting Department of ourmain operating company, Tanabe Consulting Company, and also serves as Director of our operating company, Growin’
Partners Inc. Based on his wealth of business experience and broad knowledge of management in general, he ispromoting our Medium-term Management Plan (2021-2025), “TCG Future Vision 2030,” and is committed to thesustainable growth of our Group and the enhancement of its corporate value over the medium to long term.
For these reasons, the Company requests reelection of the candidate as Director.
Special Interests with the Company
None

-8-

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Oct. 2000
Apr. 2006
Apr. 2011
June 2014
Apr. 2016
Apr. 2017

Apr. 2018

Apr. 2019

Apr. 2020

Jan. 2021
4

Masaru Warata(July 19, 1965)

Apr. 2021

Reelection

Apr. 2022

June 2022
Oct. 2022

Apr. 2023

Apr. 2024

Joined the Company
Deputy General Manager of Osaka Head Office
General Manager of Osaka Head OfficeDirector and General Manager of Osaka Head
OfficeDirector with Responsibility for Osaka Head
OfficeDirector with Responsibility for Consulting
Strategy Department, Osaka Head Office, andOkinawa Branch OfficeDirector with Responsibility for Management
Consulting Department, Osaka Head Office,Okinawa Branch Office, and HR Development
Consulting Strategy
Director with Responsibility for Management
Consulting Department Osaka, Okinawa
Branch Office, and HR Development
Consulting Strategy
Director with Responsibility for Management
Consulting Department Osaka, Okinawa
Branch Office, and Function Consulting
Strategy
Director of Growin’ Partners Inc. (current
position)Managing Director with Responsibility forManagement Consulting Department Osaka,and General Manager of Consulting Support for
Osaka Head Office with Responsibility for
Function Consulting Strategy of the Company
Senior Managing Director with Responsibility
for Corporate Finance Consulting Department,
Digital Consulting Department and CRM
Consulting/Consulting Support (Osaka, Tokyo)
Senior Managing Director of Tanabe
Consulting Company
Senior Managing Director of the Company(current position)
Senior Managing Director of Tanabe
Consulting Company, in charge of Corporate
Finance Consulting Department, Digital
Consulting Department and CRM
Consulting/Consulting Support (Osaka, Tokyo)
Senior Managing Director of Tanabe
Consulting Company, in charge of Digital
Consulting Department and Corporate FinanceConsulting Department
Senior Managing Director of Tanabe
Consulting Company, in charge of Corporate
Finance Consulting Department (current
position)-9-

Number ofCompany shares
held

36,761 shares

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company

Number ofCompany shares
held

Reasons for nomination as candidate for Director
Masaru Warata has led Corporate Finance Consulting Department of our main operating company, Tanabe Consulting
Company, and also serves as Director of our operating company, Growin’ Partners Inc. Based on his wealth of businessexperience and broad knowledge of management in general, he is promoting our Medium-term Management Plan
(2021-2025), “TCG Future Vision 2030,” and is committed to the sustainable growth of our Group and theenhancement of its corporate value over the medium to long term.
For these reasons, the Company requests reelection of the candidate as Director.
Special Interests with the Company
None- 10 -

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 2014

June 2014

Oct. 2014
Apr. 2015
Masahiro Matsunaga(February 13, 1959)

Apr. 2019

Reelection
June 2022
Oct. 2022
5
Apr. 2024

Joined the Company
General Manager of Administration Department
and General Manager of General Affairs
Division, Administration Department
Director, General Manager of Administration
Department, and General Manager of General
Affairs Division, Administration Department
Director and General Manager of
Administration Department
Director and General Manager of Business
Administration Department
Director with Responsibility for Corporate
Department (currently Corporate Strategy
Department)
Director of Tanabe Consulting Company
Director of Tanabe Consulting Company, incharge of Corporate Department (currently
Corporate Strategy Department)
Managing Director of the Company, with
Responsibility for Corporate Strategy
Department (current position)
Managing Director of Tanabe Consulting
Company, in charge of Corporate Strategy
Department (current position)

Number ofCompany shares
held

44,242 shares

Reasons for nomination as candidate for Director
Masahiro Matsunaga leads the promotion of our Group’s corporate strategy, and based on his extensive operating
experience and broad knowledge of management in general, he promotes the medium-term Management Plan (20212025) “TCG Future Vision 2030” from the perspective of strengthening the Group’s corporate strategy division. He iscommitted to the sustainable growth of our Group and the enhancement of its corporate value over the medium to longterm.
For these reasons, the Company requests reelection of the candidate as Director.
Special Interests with the Company
None- 11 -

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Jan. 2009
Apr. 2017
Apr. 2019Nov. 2019
Apr. 2020
Apr. 2021
June 2021

Itaru Okumura(September 26, 1975)

Apr. 2022

New election
June 2022
6

Oct. 2022

Apr. 2024

Joined the Company
Deputy General Manager of Consulting
Strategy Department and Kyushu Head Office
Deputy General Manager of the Strategic
Laboratory
Director of Leading Solutions Co., Ltd.
Executive Officer and Deputy General Managerof the Strategic Laboratory of the Company
Executive Officer and General Manager of theStrategic Laboratory
Director and General Manager of the Strategic
Laboratory
Managing Director and General Manager of
Digital Consulting Department and theStrategic Laboratory, with Responsibility for
CRM consulting strategy promotion
Managing Director of Tanabe Consulting
Company
Managing Director and General Manager of
Digital Consulting Department and theStrategic Laboratory of Tanabe Consulting
Company, in charge of CRM consulting
strategy promotion
Senior Managing Director and General
Manager of Digital Consulting Department of
Tanabe Consulting Company, in charge of theStrategic Laboratory (current position)

Number ofCompany shares
held

10,201 shares

Reasons for nomination as candidate for Director
Itaru Okumura has supported the development of a large number of companies as a management consultant, andcurrently leads Digital Consulting Department of our main operating company, Tanabe Consulting Company. He also
leads the Strategic Laboratory with the aim to enhance consulting support functions. The Company believes that, basedon his wealth of field experience and broad knowledge of management in responsible operations, he will be able toappropriately supervise management of the Company and contribute to its sustainable growth and the enhancement of
its corporate value over the medium to long term.
For these reasons, the Company requests the election of the candidate as new Director.
Special Interests with the Company
None[Summary of directors and officers liability insurance policy]
Pursuant to the provisions of Article 430-3, paragraph 1 of the Companies Act, the Company has entered into a
directors and officers liability insurance policy with an insurance company. The scope of the insured under thisinsurance policy includes Directors, Corporate Auditors, Executive Officers, important employees, Directors andCorporate Auditors temporarily posted outside the company of the Company and the Company’s subsidiaries listed
on page 28 of the Business Report under “I 3 2. Main subsidiaries (in Japanese only),” and all six candidates for
Director become the insured. All insurance premiums will be paid by the Company.
In summary, this insurance liability policy provides for the insurance company to cover the insured for any loss
arising from responsibility incurred during the execution of their duties, or for claims incurred during the pursuit ofthose responsibilities, and is renewed on an annual basis. In addition, when the policy is renewed, the Company plansto renew the policy with the same terms.

- 12 -

Reference
Expertise and experience of Directors (skill matrix)
As our policy, the Board of Directors shall consist of human resources with abundant knowledge, deep insight, andadvanced expertise required by the Group, and as for outside Directors, to have them supervise business execution
from various perspectives, considering the expertise, experience, diversity, and balance of all outside Directors, weshould elect talent with expertise and experience that allow them to properly oversee the Group’s medium- to longterm management issues.
If Proposal No. 2 “Election of Six (6) Directors (Excluding Directors Who Are Audit and Supervisory Committee
Members)” is approved, the Board of Directors of the Company will consist of members with the following skills.

Expertise and experience
Position and Name
Corporate
management

Takahiko
Wakamatsu
Yoshikuni
Nagao
Norihito
Director

Minamikawa
MasaruWarataItaru
OkumuraMasahiro
Matsunaga

Director

Ryo Ichida(Audit andHiroshiSupervisory
KanbaraCommittee
member)Maki Imura

OutsideMarketing

Finance/accounting

Legal affairs
Riskdevelopment

management

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

OutsideOutsideHuman
resource●●

Corporate
Governance

●

●

●

●

●

●

●

●

- 13 -ESG●

Proposal No. 3

Election of One (1) Substitute Director Who Is an Audit and Supervisory Committee Member

To provide against a situation in which the number of Directors who are Audit and Supervisory Committee Members
falls below the number required by laws and regulations, the Company requests the election in advance of one
Substitute Director who is an Audit and Supervisory Committee Member.
In addition, the consent of the Audit and Supervisory Committee has been obtained for this proposal.
Candidate for the role of Substitute Director who is an Audit and Supervisory Committee Member is as follows:
Name(Date of birth)

Career summary and significant concurrent positions outside theCompany

Number ofCompany shares
held

Apr. 1988

Joined The Toyo Trust and Banking Company,
Limited (currently Mitsubishi UFJ Trust andBanking Corporation)
Aug. 2010
General Manager of Corporate Agency Sales
No.4 Division of Mitsubishi UFJ Trust andBanking Corporation
Yoshitaka Mio
0 shares(August 15, 1965)
June 2014
General Manager of Osaka Corporate Agency
Sales Division
June 2015
Executive Officer and General Manager of
Osaka Corporate Agency Sales Division
June 2017
Director and Vice President of Mitsubishi UFJ
Daiko Business Co., Ltd. (current position)
Reason for nomination as candidate for substitute Outside Director who is an Audit and Supervisory Committee
Member and summary of expected roles
The Company judges that, due to Yoshitaka Mio’s expert knowledge and extensive experience in areas related tomonetary affairs and financial affairs, he will be able to appropriately execute audit and supervision duties at theCompany, take an objective viewpoint of the way in which the selection of candidates for and remuneration of Director
are determined, and contribute to fairer and more transparent management of the Company. Accordingly, we requestthat he be elected as Substitute Outside Director who is an Audit and Supervisory Committee Member.

Notes:

Special Interests with the Company
None
1. Yoshitaka Mio is a candidate for Substitute Outside Director who is an Audit and Supervisory Committee Member.
2. Yoshitaka Mio satisfies the requirements for an independent officer as provided for by Tokyo Stock Exchange, Inc., andin the event that he is appointed Outside Director who is an Audit and Supervisory Committee Member, the Company
plans to submit notification to the aforementioned exchange concerning his designation as an independent officer.
3. In the event that Yoshitaka Mio is appointed Outside Director who is an Audit and Supervisory Committee Member, in
accordance with the Articles of Incorporation of the Company, the Company intends to enter into a limited liability
agreement with him, summarized as follows.
・ In cases that satisfy the requirements of laws and regulations in relation to liability pursuant to Article 423, paragraph
1 of the Companies Act, the liability of the individual shall be limited to the total of the amounts set out in each of theitems of Article 425, paragraph 1 of the Companies Act.

[Summary of directors and officers liability insurance policy]
Pursuant to the provisions of Article 430-3, paragraph 1 of the Companies Act, the Company has entered into a
directors and officers liability insurance policy with an insurance company. The scope of the insured under thisinsurance policy includes Directors, Corporate Auditors, Executive Officers, important employees, Directors andCorporate Auditors temporarily posted outside the company, of the Company and the Company’s subsidiaries listed
on page 28 of the Business Report under “I 3 2. Main subsidiaries (in Japanese only),” with all insurance premiums
paid by the Company.
In summary, this insurance liability policy provides for the insurance company to cover the insured for any loss
arising from responsibility incurred during the execution of their duties, or for claims incurred during the pursuit ofthose responsibilities, and is renewed on an annual basis. In addition, when the policy is renewed, the Company plansto renew the policy with the same terms.
Furthermore, in the event that Yoshitaka Mio is appointed Outside Director who is an Audit and Supervisory
Committee Member, he will be included in those insured under this insurance liability policy.

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