The Board of Directors consists of five members, with two of them being outside directors, and aims for the enhancement of corporate governance. At a monthly Board of Directors meeting, they not only make decisions on important matters related to management but also request reports on the status of the execution of business operations and promote the active exchange of opinions and discussion regarding policies on management while having the execution of business operations supervised by other directors and auditors.

The Board of Corporate Auditors consists of four members,with three of them being outside auditors. The auditors work together in close coordination, have prior discussions on proposals to be submitted to the Board of Directors at a Board of Corporate Auditors meeting, etc. held before the monthly Board of Directors meeting, and participate in the Board of Directors meeting, expressing opinions appropriately and on a timely basis. An auditor's audit is conducted based on the Code of Audit and Supervisory Board Member Auditing Standards according to the policy and plan on audits, determined by the Board of Corporate Auditors after discussions with the Corporate Audit Division operating as the internal control department.The auditors and the corporate accounting auditor work together in close coordination with regard to the policy and plan on audits, engage in information exchanges, and have prior discussions.

The "Corporate Audit Division" (with five members) has been established within the internal control department as an organization under the direct control of the President. This division, which has functions to enhance the Company's corporate governance and check compliance with corporate ethics and awareness, conducts internal auditing based on the Internal Auditing Implementation Regulations with a focus on the auditing of operational adequacy according to the policy and plan on audits determined by the executive general manager of the Corporate Audit Division after discussing with the auditors, using the voluntary audit results of each department as reference. It reports audit results not only to the representative director but also to the Board of Directors and auditors. Regarding items to be improved, the Corporate Audit Division proposes an improvement plan, tracks its progress,and encourages each department to voluntarily work toward improvements.

PricewaterhouseCoopers Japan LLC has been appointed as the corporate accounting auditor, conducting audits with auditors in accordance with the Companies Act and the Financial Instruments and Exchange Act.

In the Company, the Personnel and Remuneration Advisory Committee has been established under the Board of Directors as a voluntary and independent advisory body mainly composed of independent outside directors, in order to strengthen the independence, objectivity, and accountability of the functions of the Board of Directors relating to matters such as the nomination and remuneration of management personnel and directors. The Personnel and Remuneration Advisory Committee is composed of three members, that is, two independent outside directors and one representative director, appointed as committee members by the resolution of the Board of Directors, and the representative director serves as the committee's president and chairperson. This committee holds meetings as necessary to discuss matters relating to the personnel affairs and remuneration of directors and vice presidents, and reports their conclusions to the Board of Directors.

Discussions regarding succession plans for directors and vice presidents, including the Representative Director, President, and Chief Executive Officer (CEO), are led by the Personnel and Remuneration Advisory Committee, a voluntary and independent advisory body mainly composed of independent outside directors. In FY2023, the Personnel and Remuneration Advisory Committee identified the experience, track record, expected skills, and mindset required of officers based on current and future management strategies as the "ideal President" and "ideal vice president," respectively. In addition to establishing specific criteria for their judgment, the Committee also receives regular reports on the execution of training programs, establishing a structure to monitor their implementation.
The actual selection of directors and vice presidents is decided following discussions by the Personnel and Remuneration Advisory Committee and deliberations by the Board of Directors, ensuring a structure that enhances the independence and objectivity of decisions made regarding personnel affairs of directors and vice presidents.

The remuneration of directors of the Company consists of a performance-based bonus and stock remuneration using a trust, in addition to a basic remuneration, functioning as a sound incentive toward the sustainable growth of the Company.
Their compositional ratio is determined by considering the balance of fixed remunerations and variable remunerations.

The remuneration of auditors of the Company is determined with consideration for various factors such as their full-time / part-time status, their share of auditing duties, and the content and level of the remuneration of directors, functioning as an incentive toward the establishment of a high-quality corporate governance structure that works harmoniously with the Board of Directors.

The risk and compliance supervising department contacts the whistleblower to confirm the details and provide feedback multiple times, as necessary (in case of an attributed report).