INVESTORSBasic Structure for Corporate Governance

Shift to an Operating Holding Company and Adoption of an Executive Officer System

The Company prioritizes fair management with enhanced transparency toward shareholders and other stakeholders.
With its reorganization as of April 1, 2013, the Company shifted from a pure holding company to the operating holding company. The Company will maintain and continue its various functions as the controller of management of the group by monitoring--auditing and supervising--group companies' activities and promoting compliance as well as through promotion of growth strategies of the Group, building on its experience as a pure holding company. To separate management functions from business execution, the Company introduced the executive officer system. In addition, in June 2013, one Outside Director was elected to enhance and clarify management supervision function.
Through these measures, the Company is strengthening corporate governance to raise the reliability of management.

Corporate Governance Structure