MARUI GROUP’s Governance Focused on Six Stakeholder Groups

Corporate Governance System
The Board of Directors and the Company’s various committees engage in discussions that are not bound by previous conventions insearch of the strategies, organizational structures, and human resources that will be necessary for achieving MARUI GROUP’s three
impact goals. The Sustainability Committee has been chaired by Peter David Pedersen since November 2021. Also at this time, theStrategy Committee, which is chaired by Yasunori Nakagami, was established with the goal of examining medium- to long-term businessstrategies while directly incorporating the perspectives of shareholders and other investors. The Strategy Committee invites external
experts to take part in discussions as appropriate based on the given subject matter in order to delve deeper into business strategies
from a variety of perspectives. In addition, the Human Resource Strategy Committee was established in April 2022 to develop humanresource strategies that are linked to Groupwide management strategies. Coordination is pursued between the Strategy Committee andthe Human Resource Strategy Committee in order to accelerate governance with a focus on our six stakeholder groups and to facilitate
the generation of MARUI GROUP’s desired impact.
Ordinary General Meeting of Shareholders
Appoint / Dismiss

Advisory
Committees

Audit & Supervisory Board
Nominating and Compensation Committee
Sustainability Committee
Strategy Committee
Human Resource Strategy Committee

Select /Discharge

Appoint / Dismiss

Audit

Board of Directors

President
ReportReport / Advise
Report / Advise

ReportInstruct

Report / Advise
Report / Advise

Management Committee

Compliance Promotion Board
ReportInstructPublic Relations IR Committee, Internal Control Committee, ESG Committee, Information Security
Committee, Safety Control Committee, Insider Trading Prevention Committee, Financial Risk Committee

Committee Structures and Purpose
Human Resource Strategy Committee

Strategy Committee

Chairman

Tomoo Ishii, Senior Managing Executive Officer and CHRO*

ChairmanYasunori Nakagami, External Director

Members

Three internal/external directors/executive officers

Members

Four internal/external directors/executive officers

Purpose

PurposeEstablished in April 2022 to develop human resource strategies thatare linked to Groupwide management strategies and thereby
contribute to ongoing improvements in corporate valueRoles• Provision of advice regarding required human resources andhuman resource portfolio• Advisory of recruitment and development plans and humanresource systems

Established in November 2021 to discuss and examine strategies
from the perspective of shareholders and other investors in order toformulate strategies for developing businesses with future potential,
including those with high barriers to participation, and thereby
facilitate management emphasizing stakeholders

Meeting
frequency

Coordination

Once every two months, in principle

Role• Provision of advice regarding medium- to long-term strategies

Meeting
frequency

Once every two months, in principle* CHRO (Chief Human Resources Officer)

Advisors
Masakazu Masujima
Partner, Mori Hamada & Matsumoto

Fintech Specialist

Social Specialist

Member of Sustainability Committee
Yoshiki Ishikawa
Doctor of Medicine; Preventative Medicine Researcher;
Representative Director, Well-being for Planet Earth Foundation
Tomohiro Miyasaka
Venture Capitalist

Committee Membershipwww.0101maruigroup.co.jp/pdf/committee_members_en.pdf

Member of Sustainability Committee
University student

Masayoshi Suzuki
Executive Vice President, BORDERLESS JAPAN CORPORATION

Kyoko Ozawa

Sota Watanabe
CEO, STAKE TECHNOLOGIES PTE. LTD.

Well-being
Specialist

SustainabilitySpecialist
PublicBlockchain

Director, Japan Blockchain Association

Specialist

Ryunosuke Fukai

Liberal Arts

CEO, COTEN INC

Specialist

VentureInvestment
Specialist

MARUI GROUP Corporate Governance Guidelineswww.0101maruigroup.co.jp/pdf/
cgg_20230509_en.pdf

Corporate Governance Reportwww.0101maruigroup.co.jp/pdf/
cgr_en.pdf