Investor Presentaiton
Copy of Audit Report of the Board of Corporate Auditors
[English Translation of the Audit Report of the Board of Corporate Auditors
Originally Issued in the Japanese Language]
Audit Report
Regarding the performance of duties by Directors for the 36th Fiscal Period from April 1,
2022 to March 31, 2023, the Board of Corporate Auditors hereby submits its audit report as
a collective opinion of all Corporate Auditors, which has been prepared through discussions
based on the audit reports prepared by the respective Corporate Auditors, as follows:
1. Methods and Contents of Audit by Corporate Auditors and the Board of Corporate
Auditors
(1) The Board of Corporate Auditors determined, among other things, the auditing policies
for this fiscal year and work responsibilities; received reports regarding the status of
execution of audit and its results from each Corporate Auditor; received reports from
Directors, other relevant employees and accounting auditors concerning the performance of
their duties; and, when necessary, requested them to provide explanations.
(2) In accordance with the Corporate Auditors' auditing standards specified by the Board of
Corporate Auditors and in conformity with auditing policies for this fiscal year and work
responsibilities, each Corporate Auditor ensured to communicate effectively with Directors,
employees in the internal audit division and other relevant employees; made efforts to
collect necessary information and improve auditing environment, and conducted audit in
the following methods.
(a) The Corporate Auditors attended the meetings of the Board of Directors and
other important meetings; received reports from Directors, employees in the internal
audit division and other relevant employees regarding the performance of their
duties; requested them to provide explanations when necessary; examined important
approval documents and associated information; and studied the operations and
financial conditions at the head office as well as other principal offices. As for the
subsidiaries, the Corporate Auditors ensured to communicate effectively with
directors, corporate auditors and other personnel of subsidiaries and to exchange
information therewith, and, when necessary, received reports from the subsidiaries
regarding their business.
(b) The Corporate Auditors monitored and verified the contents of resolutions of the
Board of Directors regarding the implementation of systems required to be
implemented to ensure the proper operations of corporate groups consisting of
corporations and their subsidiaries under Article 100, Paragraphs 1 and 3 of the
Enforcement Regulations of the Companies Act including a system to ensure that
the performance of duties by Directors is in compliance with the laws, regulations
and the Articles of Incorporation, and the status of the system (internal control
system) implemented according to such resolutions.
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