(1) Securing shareholder rights
The Company shall treat all shareholders equally in proportion to their interests and take appropriate action to ensure that the rights of shareholders are substantially secured.
（2）General meeting of shareholders
The Company shall recognize that the General Meeting of Shareholders is the highest decision-making body of the Company and shall create an appropriate environment for the exercise of its rights and shall take the following measures
(i) The Company will strive to create an environment in which shareholders can exercise their voting rights in an appropriate manner and provide information, including setting an appropriate date for the General Meeting of Shareholders.
(ii) The Company shall endeavor to send out the notice of the General Meeting as soon as possible to allow the shareholders sufficient time to consider the proposals for the General Meeting, and shall disclose the details of the notice on the Company's website and other media prior to sending it out.
(iii) The Company shall analyze the results of the approval or disapproval of the Company's proposals and consider necessary responses, such as through dialogue with shareholders.
（3）Dialogue with shareholders
In order to promote constructive dialogue with our shareholders, we will strive to develop systems and initiatives in accordance with the following basic policy
(i) The officer in charge of information disclosure shall be the officer in charge of all dialogue with shareholders, and to the extent reasonable, the directors shall handle dialogue with shareholders. In addition, the officer in charge of information disclosure shall be in charge of the relevant departments within the Company and shall coordinate with other departments on a daily basis.
(ii) We will strive to understand the structure of our shareholders and enhance the means of dialogue (individual interviews in Japan and abroad, holding financial results briefings and individual investor briefings, etc.).
(iii) The opinions expressed in the dialogue with shareholders shall be fed back to the Board of Directors for the purpose of enhancing corporate value.
(iv) In dialogue with shareholders, efforts should be made to prevent the divulgence of undisclosed material facts in accordance with the internal rules "Rules for Preventing Insider Trading".
（4）Enhancement of information disclosure
The Company discloses information in accordance with laws and regulations in an appropriate manner and proactively engages in the provision of information other than that required by laws and regulations. In addition, from the perspective of fairness in disclosing information to domestic and foreign investors, the Company will strive to disclose and provide information in English to a reasonable extent.
（5）Basic Capital Policy
Since trends in capital policy can have a significant impact on the interests of shareholders, the Company shall explain its basic capital policy at the general meeting of shareholders, financial results briefings, individual meetings, and other occasions for dialogue with shareholders.
（6）Policy on strategic stock holdings
The Company shall establish the following policies for holding listed shares as policy holdings.
(i) As a company that creates useful "contexts" for the world, we will hold shares in the Company for the purpose of collaborating with various companies based on long-term, stable strategic alliances.
(ii) The Board of Directors shall periodically review the purpose and medium- to long-term economic rationale for each policy-holding stock.
(iii) In exercising the voting rights of policy-holding shares, the Company shall exercise them in an appropriate manner after comprehensively considering whether or not they will contribute to the improvement of the corporate value of the issuing company and the Company over the medium to long term.
（7）Takeover defense measures
The Company has not introduced any takeover defense measures. In the event of a large-scale purchase of the Company's shares, etc., the Company will strive to actively collect and disclose information in a timely and appropriate manner in order to secure the Company's corporate value and the common interests of its shareholders, and will take appropriate measures to the extent permitted by the Financial Instruments and Exchange Law, the Companies Act, other relevant laws and regulations and the Company's Articles of Incorporation.
（8）Transactions between related parties
The Company shall properly monitor transactions with related parties by approving and reporting on such transactions at the Board of Directors' meeting to ensure that such transactions do not harm the Company or the common interests of shareholders.