Outside Directors. Corporate Auditors

Active Appointment of “Professionals” of high expertise as outside officers for decisionmaking utilizing external
viewpoints and enhancement of supervision of management

Reason for Election of Outside Directors

  • Name
  • Independent
    Officer
  • Reason for Election/State of Major Posts Held Concurrently
  • Katsumi Nakamura
  • [Reason for Election]

    Mr. Katsumi Nakamura has many years of experience as an executive and technician in the automobile industry, which is one of Japan’s core industries. The Company expects him to continue to leverage his abundant business management knowledge and manufacturing experience in order to provide the Company with appropriate advice and recommendations from a global management perspective, and to oversee management from an independent and objective perspective. For these reasons, he is elected for another term.

    [State of Major Posts Held Concurrently]

    Kansai Airports/Outside Director, Member of the Audit and Supervisory Committee

    [Attendance at board meetings April 2021 to March 2022]

    12 out of 12 meetings

  • Takashi Hirai
  • [Reason for Election]

    Mr. Takashi Hirai has many years of experience working as a consultant in a consulting firm operating internationally and experience as an executive in business companies in Japan and the United States, in addition to experience in development of global human resources at a graduate school of corporate management. The Company expects him to continue to provide appropriate advice and recommendations regarding the formulation of corporate strategies, and to oversee management from an independent and objective perspective. For these reasons, he is elected for another term.

    [State of Major Posts Held Concurrently]

    University of Tsukuba/Professor of Graduate School of Business Sciences, MBA Program in International Business
    Waseda University/Visiting Professor of Graduate School of Business and Finance
    MITSUI-SOKO HOLDINGS Co., Ltd./Outside Director

    [Attendance at board meetings April 2021 to March 2022]

    12 out of 12 meetings

  • Koji Osawa
  • [Reason for Election]

    Mr. Koji Osawa, after working at a general trading company, was engaged in venture capital fund management for many years in Silicon Valley. As a fund manager, he has experience with discovering and developing new businesses, as well as with objectively evaluating and overseeing businesses. Furthermore, he is deeply knowledgeable with regard to cutting-edge technologies such as IoT. The Company expects him to continue to provide appropriate advice and recommendations that contribute to the development of the Company’s business and the acquisition of cutting-edge technologies, and to oversee management from an independent and objective perspective. For these reasons, he is elected for another term.

    [State of Major Posts Held Concurrently]

    Global Catalyst Partners L.P./Managing Principal & Co-Founder
    Global Catalyst Partners Japan/Managing Director & Co-Founder

    [Attendance at board meetings April 2021 to March 2022]

    12 out of 12 meetings

Reasons for Election of Outside Corporate Auditors

  • Name
  • Independent
    Officer
  • Reason for Election/State of Major Posts Held Concurrently
  • Kiyohito Hamada
  • [Reason for Election]

    As a certified public accountant familiar with finance, M&A, accounting and taxation, Mr. Kiyohito Hamada has sufficient insight to govern corporate management, and we believe that he can conduct management monitoring independently and objectively.

    [State of Major Posts Held Concurrently]

    Yotsuba-sogo Accounting Office/Partner
    Medical Data Vision Co., Ltd. /Outside Corporate Auditor
    Nice Corporation /Outside Director

    [Attendance at board meetings April 2021 to March 2022]

    12 out of 12 meetings

    [Attendance at Board of Corporate Auditors’ meetings April 2021 to March 2022]

    13 out of 13 meetings

  • Eiko Hakoda
  • [Reason for Election]

    Ms. Eiko Hakoda is a partner in the Mori, Hamada & Matsumoto law firm, familiar with corporate legal affairs, and we believe that she can independently and objectively monitor management.

    [State of Major Posts Held Concurrently]

    Mori Hamada & Matsumoto/LPC Partner

    [Attendance at board meetings April 2021 to March 2022]

    12 out of 12 meetings

    [Attendance at Board of Corporate Auditors’ meetings April 2021 to March 2022]

    13 out of 13 meetings

(as of June 24, 2022)