Conducting Constructive Communication with Shareholders

1. Person Responsible for Integrating Shareholder Communication

Representative directors are responsible for integrating communication with shareholders.

2.Responding to Shareholders

If a shareholder requests an individual meeting, the IR department director is generally responsible for coordinating the meeting. However, in certain circumstances, other directors (outside directors) may handle such meetings. If conducting an individual interview with a shareholder is not advisable from a fair disclosure perspective, an individual interview may not be held. Instead, information will be disclosed through alternative methods, and shareholder viewpoints will be received.

3. Cooperation of Internal Divisions to Support Shareholder Communication

To ensure smooth communication with shareholders, the IR division takes the lead in coordinating cooperation with other relevant internal divisions.

4. Providing Alternative Methods of Communication Instead of Individual Meetings

1. (1)Institutional Investors and Securities Analysts
   Business lineup, business policy, business strategy, business plan, and account settlements will be discussed at periodically held meetings.
2. (2)Private Investors
   Business lineup, business policy, business strategy, business plan, and account settlements will be discussed at meetings organized by the stock exchange, The Securities Analysts Association of Japan, or securities companies.
3. (3)Materials used during these briefing meetings will be made available on the company's website.

5. Feedback on Opinions and Views Obtained Through Shareholder Communication

Opinions and views obtained from shareholders through communication will be promptly shared with representative director and reported at the Board of Directors meetings, with a minimum interval of every quarter.

6. Managing Insider Information During Shareholder Communication

The management of insider information will adhere to the "Insider Trading Management Regulation," "Disclosure Policy," and other relevant rules governing information management.

The End