Independence of outside directors and reasons for appointment

Name Independent Director Reason for Nomination Meeting attendance in fiscal 2022
(Meetings attended/meetings conducted)
Significant concurrent positions (As of June 16, 2023)
Masaaki Sawano
○
He has been appointed as an outside director as he is expected to provide appropriate advice regarding the management of the Company and on the grounds that he is deeply familiar with corporate legal work as a lawyer and has sufficient insight to supervise corporate management. In addition, it has been deemed that he has no material conflict of interest with the Company and that no conflict of interest will arise with general shareholders. Board of Directors 15/16
Governance Committee 5/5
  • Partner of CITY-YUWA PARTNERS
  • Member of Advisory Council on Fundamental Issues in Corporate Management of Urban Renaissance Agency
  • Member of Advisory Council on Fundamental Issues in Corporate
    Management and Rent Council of Urban Renaissance Agency
  • Outside Auditor of Japan Federation of Certified Public Tax Accountants’ Associations
  • Member of Kanto Regional Government Asset Council, Kanto Local Finance Bureau, Ministry of Finance
  • Chairperson of Tokyo Metropolitan Government Election Administration Commission
  • Director of Japan Bar Association
Hiromasa Suzuki
○
He has been appointed as an outside director based on his many years of involvement in the management of Fujirebio Inc. and his wealth of experience in group management as a top executive of a company, which involved orchestrating the establishment of Miraca Holdings Inc. As an outside director, he is expected to provide appropriate advice regarding the management of the Company. In addition, it has been deemed that he has no material conflict of interest with the Company and that no conflict of interest will arise with general shareholders. Board of Directors 16/16
Governance Committee 3/3
  • Outside Director of Nitta Gelatin Inc.
Hiroko Noda
○
She has been appointed as an outside director based on her knowledge, experience, and abilities as a certified public accountant as well as her sufficient expertise in management gained through her years of experience as an outside director and a management consultant. As an outside director, she is expected to provide appropriate advice to the Company’s management. In addition, it has been deemed that she has no material conflict of interest with the Company and that no conflict of interest will arise with general shareholders. Board of Directors 11/12
  • Representative of Noda Certified Public Accountant Office
  • Representative Director of Probity Consulting Co., Ltd.
  • Part-time lecturer, Graduate School of Asian and International Business
  • External Director of MODEC, Inc.,
  • Outside Director (Audit & Supervisory Committee Member) of Okabe Co., Ltd.
  • Outside Director of S.T. CORPORATION