Important positions of other companies concurrently held

Outside Director of Hitachi, Ltd

Reason for the Selection for Director

Mr. Yoshihara has long-term experience as an expert in finance and accounting as well as management experience gained as Global Managing Partner of an international accounting firm. He also has a track record of participating in the M&A of many companies from a professional standpoint. The Company’s Nomination Committee expects that he will contribute to the improvement of the supervisory function of the Board of Directors of the Company and at the same time provide plenty of advice in regard to M&A, an important measure in the Company’s business strategy,

Important positions of other companies concurrently held

Outside Director of SUBARU CORPORATION

Reason for the Selection for Director

Mr. Abe was primarily engaged in the electric power, machinery, and information fields at Sumitomo Corporation, a general trading company. After being stationed twice in the United States, he served as representative director and president of the company’s electronics and information related subsidiaries. Subsequently, as a representative director of Sumitomo Corporation, he was engaged in the company’s financial, logistics and new business development. The Company’s Nomination Committee has judged that he will contribute to the Board of Directors of the Company through his wide-ranging experience at the general trading company, his global mindset cultivated over the years of stay in the United States, his business experience nurtured as a representative director and president, and his experience as an outside director gained at other companies after leaving Sumitomo Corporation.

Important positions of other companies concurrently held

President and Representative Director, Chairman of the Board of Directors, Group CEO of SWCC Corporation*

* On April 1, 2023, the company renamed from SWCC SHOWA HOLDINGS CO., LTD.

Reason for the Selection for Director

Ms. Hasegawa was engaged for many years as a researcher in the R&D divisions of the SWCC Group, which was originally established in the electric wire and cable industry and expanded widely into the Energy / Infrastructure, Communications/Industrial Devices, and Electrical Equipment/Components businesses, promoting the technological development of the SWCC Group. Since taking office as the first female President and Representative Director from the R&D divisions in the SWCC Group in 2018, she has implemented rapid reform of governance by dividing the business of SWCC SHOWA HOLDINGS CO., LTD. into segments, helping to ensure stable profitability. The Company’s Nomination Committee expects that she will contribute significantly to the Company’s management based on her experience as a manager backed by expertise as an engineer and with regard to initiatives for new business and transformation.

Important positions of other companies concurrently held

Operational Partner of GILDE HEALTHCARE PARTNERS

Reason for the Selection for Director

Ms. Nishimura has over 30 years of experience in the medical technology sector and was engaged in commercialization strategy on a global scale (50 markets in North America, Europe, the Asia-Pacific region, and Central and South America). Through leadership positions, including Director, Global Marketing, she has been involved in clinical and business strategies and has a proven track record in helping to launch franchises that contribute to stable revenue growth. In addition, her experience as a partner in a life science venture fund has given her a broad global perspective on the latest technologies and companies. Based on her past experience, the Company believes that she will contribute to strengthening the supervisory function, primarily in the life science business, and at the same time provide a great deal of advice on business strategy of the Company.

Important positions of other companies concurrently held

Representative Director, Executive Vice President of Panasonic Holdings Corporation
Representative Director, Member of the Board, President and Chief Executive Officer (CEO) of Panasonic Operational Excellence Co., Ltd.

Reason for the Selection for Director

Mr. Sato has extensive experience as a manager at Panasonic Holdings Corporation, a company that develops a wide variety of products globally, including home appliances, audio/visual equipment, automotive products, industrial equipment, and information and telecommunications equipment, primarily on diverse staff functions, including administrative divisions, and has contributed to the company’s business growth and corporate value enhancement. The Company’s Nomination Committee expects that he will contribute significantly to the Company’s management with regard to important issues such as new business and supervision of the entire Group, based on his experience as a manager backed by his wide range of experience in the global manufacturing industry and extensive knowledge of business administration.

Important positions of other companies concurrently held

None

Reason for the Selection for Director

Mr. Ikeda has been leading the Group as Representative Executive Officer, President & CEO, and Director this term, and gives appropriate explanations and reports on strategies based on portfolio management at meetings of the Board of Directors after taking office as Representative Executive Officer, President & CEO in March 2022. He also supervises the execution of operations by other Executive Officers and strives to enhance the corporate value of the Group. The Company’s Nomination Committee believes that he will contribute to important management matters while fulfilling his accountability to the Board of Directors as an Executive Officer of the Company, taking into consideration his past performance as a Director.