Corporate Governance

The Company has adopted a corporate auditor system.

As a general rule, the Board of Directors meets once a month to make decisions on the execution of the Company's important operations and to supervise the duties of the Board.

We have adopted an executive officer system to enhance rapid decision-making and business execution. Executive officers are appointed and assigned duties by resolution of the Board of Directors, and execute their assigned duties. In addition, we have established departments for the purposes of developing risk management systems and enhancing ethical and legal compliance systems as well as specialized departments for the purpose of establishing internal controls and ensuring corporate governance.

The Audit Office established as the Internal Audit Division which reports directly to the Representative Director and President. The Audit Office conducts internal audits on company-wide management issues from the perspectives of efficiency in the execution of duties, risk management, compliance with laws and regulations, etc. For accounting audits, we have concluded an audit contract with Deloitte Touche Tohmatsu LLC, and have received audits under the Companies Act and the Financial Instruments and Exchange Act. The accounting auditor conducts audits of financial statements, etc. from the standpoint of an independent third party, and the Company receives reports on the audit results and exchanges opinions with them.