Investor Presentaiton

Policies of the New Management Structure 1. Transition to Segment Management Purpose Develop and execute strategies by segment including our group companies Clarify management responsibilities and maximize profits at the segment level 2. Delegation of authority and clarification of responsibilities Delegate authority for both qualitative (concept/process) and quantitative (value) aspects to head of each group Create new value Toward sustainable management || Realize speedy decision-making that is sensitive to modern changes Foster next generation of management staff NANKAI 31

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