Reasons for appointment for Outside Directors and Outside Audit & Supervisory Board Members

Mr. Osawa has a track record of actively performing as a top executive at a general trading company and IT services company for many years. The Company elected him as an Outside Director because it expects him to leverage his considerable experience and excellent expertise in company management to provide supervision and recommendations to the Company, and it assessed that he could accomplish the duties as an Outside Director appropriately.
In addition, he is appointed as an independent officer because it was judged that there is no fear of any conflict of interest with general shareholders in light of the criteria for independence of the Tokyo Stock Exchange and the Company.

Mr. Hasebe has a track record of actively performing as a top executive at a telecommunications company and advertisement company for many years. The Company elected him as an Outside Director because it expects him to leverage his considerable experience and excellent expertise in company management to provide supervision and recommendations to the Company, and it assessed that he could accomplish the duties as an Outside Director appropriately.
In addition, he is appointed as an independent officer because it was judged that there is no fear of any conflict of interest with general shareholders in light of the criteria for independence of the Tokyo Stock Exchange and the Company.

Ms. Kawamoto has held key positions in airline companies over many years in charge of improving service quality and facilitating the activities of women. The Company elected her as an Outside Director because it expects her to leverage her considerable experience and excellent expertise in corporate management and the service industry to provide supervision and recommendations to the Company from the perspective of diversity. Moreover, it assessed that she could accomplish the duties as an Outside Director appropriately.
In addition, Ms. Kawamoto is appointed as an independent officer because it was judged that there is no fear of any conflict of interest with general shareholders in light of the criteria for independence of the Tokyo Stock Exchange and the Company.

Ms. Miyahara has held important positions as a certified public accountant at an audit corporation for many years, and has also worked to promote DEI (Diversity, Equity & Inclusion) at a major international accounting firm. The Company elected her as an Outside Director because it expects her to leverage her extensive global experience and excellent expertise in corporate accounting, women's empowerment, and diversity to provide supervision and recommendations to the Company. Moreover, it assessed that she could accomplish the duties as an Outside Director appropriately.
In addition, Ms. Miyahara is appointed as an independent officer because it was judged that there is no fear of any conflict of interest with general shareholders in light of the criteria for independence of the Tokyo Stock Exchange and the Company.

Because Mr. Seijun Suzuki has been in charge of legal and internal audit operations that includes organizing legal compliance system and risk management system at Canon Group for many years. He has extensive experience and outstanding expertise in these fields, and on this basis, the Company assessed that he could accomplish the duties as an Outside Audit and Supervisory Board Member appropriately.

Because Mr. Eiichi Arai has served for many years in senior leadership positions in the sales divisions of insurance companies. Based on his extensive experience and outstanding insight into corporate management and business operations, we expect him to contribute to effective audits.
Accordingly, the Company assessed that he is capable of appropriately performing his duties as an Outside Audit & Supervisory Board Member and appointed him to the position.
In addition, he is appointed as an independent officer because it was judged that there is no fear of any conflict of interest with general shareholders in light of the criteria for independence of the Tokyo Stock Exchange and the Company.

Because Mr. Sayaka Shimura has served for many years as a Certified Public Accountant in the audit firm and the Japanese Institute of Certified Public Accountants. Based on his extensive experience and outstanding insight into corporate accounting and risk management, we expect him to contribute to effective audits. Accordingly, the Company assessed that he is capable of appropriately performing his duties as an Outside Audit & Supervisory Board Member and appointed him to the position.
In addition, he is appointed as an independent officer because it was judged that there is no fear of any conflict of interest with general shareholders in light of the criteria for independence of the Tokyo Stock Exchange and the Company.