Reason for election and activity status

As Chairman & CEO of the Company, he has been leading the Group by appropriately utilizing overall resources to maximize synergy effects within the Group based on his extensive knowledge of M&A and group business expansion.

The Company deems that he is a person who will continue to contribute to the enhancement of corporate value of the Group, and therefore has nominated him as a candidate for Director.

Board of Directors Meetings :

12/13 (92.0%)

As President and Executive Officer of the Company, he exercises strong leadership and appropriately supervises the execution of duties as a Director, formulates and implements strategic visions for the medium to long term, and is responsible for the management of the Company and the Group as a whole.

The Company deems that he is a person who will continue to drive the development of the Group, and therefore has nominated him as a candidate for Director.

Board of Directors Meetings :

13/13 (100.0%)

He has a wealth of experience, track record, and knowledge in accounting and finance, and as the Company’s Director in charge of finance, he appropriately supervises the execution of duties and contributes to strengthening the management of the Company and promoting operational efficiency in companies of the Group.

The Company deems that he is the right person to achieve the continuous growth of the Company and the Group, and therefore has nominated him as a candidate for Director.

Board of Directors Meetings :

13/13 (100.0%)

He has extensive knowledge and insights on corporate management as well as ample experience and achievements particularly concerning corporate planning, public relations strategy, etc. As an Outside Director of the Company, he has evaluated the current status of the Company from an objective point of view and has contributed significantly to the continued growth of the Group and has fulfilled his responsibilities well by providing advice and support to the Board of Directors regarding matters such as the effectiveness of the Board of Directors and public relations strategies.

The Company deems that he will continue to contribute to the continuous growth of the Group, and therefore has nominated him as a candidate for Outside Director.

Board of Directors Meetings :

13/13 (100.0%)

She has ample experience and achievements in executive consulting as well as extensive knowledge and insights on management overall as a corporate manager. She also possesses high ethical standards, independence, understanding of diversity, fairness, and other personal qualities that the Company requires of its Outside Directors.

As an Outside Director of the Company, she provides advice and support from an objective perspective to the Board of Directors, and has made a significant contribution to the continued growth of the Group, particularly in terms of the utilization and development of human resources.

The Company deems that she will continue to contribute to the continuous growth of the Group, and therefore has nominated her as a candidate for Outside Director.

Board of Directors Meetings :

13/13 (100.0%)

She has held key positions and director positions at operating companies, and has abundant experience and achievements in sales planning, as well as in all administrative divisions, including human resources and general affairs.

As an Outside Director of the Company, she has evaluated the current status of the Company from an objective perspective and has fulfilled her responsibilities well, including providing the Board of Directors with much advice and support on the Company’s business activities.

The Company deems that she will continue to contribute to the continuous growth of the Group, and therefore has nominated her as a candidate for Outside Director.

He has led auditing globally as a person in charge of an audit department at operating companies. After joining the Company, he has sufficiently fulfilled his job duties in M&A and the reinforcement of group governance. Since his accumulated work experience and expertise will be conducive to performing responsibilities of the Audit and Supervisory Committee, the Company deems that he is well qualified as a candidate for Director serving on the Audit and Supervisory Committee.

Board of Directors Meetings :

13/13 (100.0%)

Audit and Supervisory Committee Meetings : 14/14 (100.0%)

The Company expects that he will, from an independent and neutral position, provide advice to the Board of Directors regarding the development of management plans and appropriately perform his duties including the confirmation of progress status, etc. and the supervision of Directors, based on his extensive knowledge and insights on corporate management as well as his ample experience and expertise concerning consulting on and planning, design and development of information systems, and therefore the Company deems that he is well qualified as a candidate for Outside Director serving on the Audit and Supervisory Committee.

Board of Directors Meetings :

13/13 (100.0%)

Audit and Supervisory Committee Meetings : 14/14 (100.0%)

As a certified public accountant, he is well versed in finance, M&A, accounting, and tax and has sufficient insights for governing corporate management. Since he is well qualified to perform management monitoring on the basis of his broad experience of being directly involved with corporate management and having served as an outside director for multiple companies and expected to contribute to the reinforcement of the monitoring function of the Board of Directors and to provide advice and opinions from a broad managerial perspective, the Company deems that he is well qualified as a candidate for Outside Director serving on the Audit and Supervisory Committee.

Board of Directors Meetings :

13/13 (100.0%)

Audit and Supervisory Committee Meetings : 14/14 (100.0%)