The outline of the Board of Directors, the Audit & Supervisory Board and the committees established on avoluntary basis is as follows:
NameBoard ofDirectorsOutlineMembers



7 members (including 5 External Directors) (and 5 Audit & Supervisory Board Members (including 3

External Audit & Supervisory Board Members))
Representative Director, President and CEO, Mr. Masaaki Yajima serves as the Chair of the Board ofDirectors.

PurposeOur Board of Directors is entrusted by shareholders and makes the best decisions based on fair judgment.
In addition, our Board of Directors exercises its supervisory function for the execution of its businessand aims to maximize corporate value.

Our Board of Directors conducts a review of our medium- to long-term management strategy and socialissues, as well as decision-making regarding material matters as stipulated in applicable laws andregulations or in our Articles of Incorporation. The Company will formulate basic policies onsustainability issues, and monitor the allocation of management resources and the implementation ofbusiness portfolio strategies to contribute to sustainable growth.

StructureIn accordance with the number of Directors as prescribed in our Articles of Incorporation, the Board ofDirectors is composed of an appropriate number of Directors who are capable of performing thefunctions of the Board of Directors in the most effective and efficient manner, taking into account theportfolio and size of business.
The Board of Directors consists of a diverse group of Directors, taking into account gender, international
experience and background, professional experience, age and other factors, while ensuring that theDirectors have the requisite balance of skills, such as knowledge, experience and expertise, each in light

of management strategies.
Independent External Directors shall include those who have management experience at othercompanies, and at least one-third of all Directors shall be Independent External Directors.

Frequency

NameNominationof Directors
AdvisoryCommittee

In principle, the ordinary meeting of the Board of Directors is held once a month, while extraordinary
meetings are convened whenever necessary.
OutlineMembers

5 members (including 3 External Directors)
External Director Mr. Tsunehiko Iwai serves as the Chair of the Committee.

PurposeThis Committee discusses and provides recommendations to our Board of Directors on matters relatedto evaluation, election, dismissal, and promotion of Directors, and on matters regarding establishment
and revisions of rules and bylaws of Directors.

Structure

Attendance and approval of all committee members is required to pass resolutions.

This Committee is composed of the following 5 members. A majority of the members the Committee
consist of Independent External Directors to enhance its independence and objectivity.
Representative Director and President, Director of Supervisor of Group Business Management, and
FrequencyIndependent External Directors (3 members)
The Committee is also attended by 1 Independent External Director as an observer.
In principle, the Committee holds meetings in July, November and January when the Board of Directors’
meetings are held, while extraordinary meetings are convened whenever necessary.

NameRemunerationof Directors
Advisory
Committee

OutlineMembers
Purpose

5 members (including 3 External Directors)

External Director Mr. Tsunehiko Iwai serves as the Chair of the Committee.

This Committee discusses and provides recommendations to our Board of Directors on mattersregarding performance review and remuneration of Directors, and matters regardingStructure

remuneration system of Directors.
Attendance and approval of all committee members is required to pass resolutions.
This Committee is composed of the following 5 members. A majority of the members theCommittee consist of Independent External Directors to enhance its independence andobjectivity.
Director of Supervisor of Group Business Management, Director in charge of Group Personnel

Frequency

Name
Independent
ExternalAuditors &Directors
Meeting(or Corporate Officer), and Independent External Directors (3 members)
The Committee is also attended by 1 Independent External Director as an observer.
In principle, the Committee holds meetings in April, July and February when the Board ofDirectors’ meetings are held, while extraordinary meetings are convened whenever necessary.
OutlineMembers

Purpose

12 members (including 5 External Directors and 3 External Audit & Supervisory Board Members)

Representative Director, Vice President and Executive Officer and CFO in charge of Group Business
Management, Mr. Akira Miyagi serves as the Chair of the Committee.

The meeting attendees, mainly composed of our Independent Officers, exchange and share opinions
regarding corporate governance and our Board of Directors. The meeting attendees analyze and evaluate
the effectiveness of our Board of Directors, identify issues, compile improvement measures, and provide
recommendations to our Board of Directors.

StructureThis Meeting is composed of all External Officers (8 members of External Directors and External Audit& Supervisory Board Members), Director of Supervisor of Group Business Management, Standing
Audit & Supervisory Board Members (2 members) as well as General Manager of Corporate Planning.

Frequency

Name
Audit &Supervisory
BoardThe Meeting is held at least once a year to discuss issues and measures in aim to improve theeffectiveness of our Board of Directors.
OutlineMembersPurpose

5 members (including 3 External Audit & Supervisory Board Members)

Standing Audit & Supervisory Board Member Mr. Shinichi Kitagawa serves as the Chair of the Board.

The Audit & Supervisory Board is entrusted by shareholders to discuss or resolve important mattersrelating to the audit and establish a high-quality corporate governance system that responds to socialtrust.

Structure

The Board builds a system to enhance the effectiveness of audit by each Audit & Supervisory BoardMember.

The Company appoints a person as an Audit & Supervisor Board Member who has the appropriate
experience, ability and necessary knowledge to perform the audit function. Especially, we appoint atleast one Audit & Supervisor Board Member who has sufficient knowledge of finance and accounting.

FrequencyA majority of the members are External Audit & Supervisory Board Members.

In principle, the Board holds meeting every month prior to the ordinary meeting of the Board ofDirectors, while extraordinary meetings are convened whenever necessary.

NameGroupManagement
Meeting

OutlineMembersPurposeStructureFrequency

Members

NameCorporate
Ethics andRiskManagement
Committee

Outline
Purpose

StructureFrequency

Members

Purpose

NameSustainability
Committee

8 members (Note: excluding the employees of the Company as well as the Directors and employees ofour domestic and overseas group companies)
Representative Director, Vice President and Executive Officer and CFO in charge of Group Business
Management, Mr. Akira Miyagi serves as the Chair of the Committee.
The Meeting considers matters concerning the management strategy of our group and importantmanagement issues.
The Meeting also conducts preliminary deliberations on important matters mainly related to businessexecution, prior to resolutions by the Board of Directors, from the viewpoint of legality, objectivity andrationality.
This Meeting is composed of Executive Directors who are below the Representative Director, Presidentand CEO, and the Standing Audit & Supervisory Board Members, as well as the Corporate Officers who
are appointed by the Chair, and the employees of the Company as well as the Directors and employees
of our domestic and overseas group companies who are responsible for execution.
In principle, the Meeting is held twice a month (early and later in the month).

11 members (Chair and standing committee members) (in addition, 7 non-standing committee members)(Note: including the employees of the Company as well as the Directors and employees of our domestic
and overseas group companies)
Representative Director, Vice President and Executive Officer and CFO in charge of GroupManagement, Mr. Akira Miyagi serves as the Chair of the Committee.
The Committee identifies risks related to the overall management of our group, and build and strengthen
our risk management system.
This Committee prescribes the “Risk Management Basic Rules” subject to the approval of the Board ofDirectors. The Committee clarifies the responsibilities by risk category pursuant to these rules, andformulates a risk management system that thoroughly and/or comprehensively controls potential risk
within our group.
This Committee promotes risk-mitigation initiatives, identifies risks, monitors the implementation ofcountermeasures, and reports the operation status of our risk management system to the Board ofDirectors on a quarterly basis.
This Committee is composed of Representative Director, President and CEO, who serves as theadministrative manager, the Executive Directors, and the Corporate Officers who are appointed by theChair, and the employees of the Company, as well as the Directors and employees of our domestic andoverseas group companies.
In principle, the Committee holds quarterly meetings, while extraordinary meetings are convened
whenever necessary.
Outline

StructureFrequency

6 members (Note: including the Directors of our group companies)
Representative Director, President and CEO (administrative manager), Mr. Masaaki Yajima concurrently
serves as the Chair of the Committee.
In order to accelerate our initiatives to achieve balancing “to resolve social issues” and “sustainablegrowth” through our business, this Committee formulates specific measures, monitors progress, andevaluates the status of achievement based on our basic policy on sustainability issues including climatechange, global environmental issues and human rights issues.
The Board of Directors monitors the allocation of management resources and the implementation ofstrategies related to the business portfolios to ensure that the initiatives of the Sustainable Committee
contribute to sustainable growth.
This Committee is composed of the Representative Director, President and CEO, who serves as theadministrative manager, the Executive Directors, the Corporate Officers who are appointed by the Chair,and Directors of our group companies.
The Committee broadly categorizes issues surrounding sustainability, and holds quarterly meetings, inprinciple, while extraordinary meetings are convened whenever necessary.

The members and chairpersons of the Board of Directors, the Audit & Supervisory Board and the committees
established on a voluntary basis are as follows. While the members of the Group Management Meeting, theCorporate Ethics and Risk Management Committee and the Sustainability Committee include the employees of theCompany as well as the Directors and employees of our domestic and overseas group companies, only theDirectors, Audit & Supervisory Board Members and Corporate Officers are shown below (as of June 28, 2023).
Audit &Supervisory
Board
MeetingNominationof Directors
Advisory
Committee

Remunerationof Directors
Advisory
Committee

Independent
External
Auditors &Directors
Meeting

Group
Management
Meeting

CorporateEthics andRisk
Management
Committee

Sustainability
Committee

○☆

☆◎◎

◎

〇

Title

Name

Board ofDirectors’Meeting

Representative
Director, Presidentand CEO

MasaakiYajima◎○Representative
Director, Vice
President andExecutive Officer

AkiraMiyagi○〇〇◎

External Director

Shigeru
Saito○○○〇△

External Director

Tsunehiko
Iwai○◎◎〇△

External Director

Chizuru
Yamauchi

○○○

○

△

External Director

Hisae Sato○○△

External Director

Koji Nitto○○△

Standing Audit &Supervisory Board
MemberShinichi
Kitagawa□◎○○△△

Standing Audit &Supervisory Board
MemberKatsuhiro
Okamoto

□○○○

△

△

External Audit &Supervisory Board
MemberMitsuhiro
Hamamoto□○○△

External Audit &Supervisory Board
MemberHitoshi
Suzuki□○○△

External Audit &Supervisory Board
MemberMotoko
Tanaka□○○△Corporate Officer

Katsuya
Hirooka△Corporate Officer

AtsukoShinoduka△

Corporate Officer

Shinsuke
Fukazawa△

Corporate Officer
Corporate Officer△△○○○○〇〇〇〇〇Takuya
Yoshitomi●●Teruo
Fukumoto〇〇〇△(Note) The name in the family register of Corporate Officer Ms. Atsuko Shinoduka is Ms. Atsuko Yoshimura.
(☆: supervisor, ◎ chair or chairperson, 〇 member, □ Attendee, △ observer, ● non-standing member)