Corporate Governance Report

Last Update: Xxxxx, xx, 20xx

XXXXX Co, Ltd.

XxxxxXxxxx

Contact: Xxxxx, Xxxxx

Securities Code: XXXX

The corporate governance of XXXXX (the “Company”) is described below.

I.Basic Views on Corporate Governance, Capital Structure, Corporate Profile and Other Basic Information

1.Basic Views

[Reasons for Non-compliance with the Principles of the Corporate Governance Code]

[Disclosure Based on the Principles of the Corporate Governance Code]

2.Capital Structure

Foreign Shareholding Ratio / Less than 10% / From 10% to less than 20% /
From 20% to less than 30% / More than 30%

[Status of Major Shareholders]

Name / Company Name / Number of Shares Owned / Percentage (%)
Controlling Shareholder (except for Parent Company)
Parent Company
Supplementary Explanation

3.Corporate Attributes

Listed Stock Market and Market Section / Tokyo Stock Exchange
First Section / Second Section /Mothers / JASDAQ
Fiscal Year-End / January / February / March / April / May / June / July / August / September / October / November / December
Type of Business / Fishery, Agriculture & Forestry / Mining / Construction / Foods / Textiles & Apparels / Pulp & Paper / Chemicals / Pharmaceutical / Oil & Coal Products / Rubber Products / Glass & Ceramics Products / Iron & Steel / Nonferrous Metals / Metal Products / Machinery / Electric Appliances / Transportation Equipment / Precision Instruments / Other Products / Electric Power & Gas / Land Transportation / Marine Transportation / Air Transportation / Warehousing & HarborTransportation Services / Information & Communication / Wholesale Trade / Retail Trade / Banks / Securities & Commodity Futures/ Insurance / Other Financing Business / Real Estate / Services
Number of Employees (consolidated) as of the End of the Previous Fiscal Year / Less than 100 / From 100 to less than 500 /
From 500 to less than 1000 / More than 1000
Sales (consolidated) as of the End of the Previous Fiscal Year / Less than ¥10 billion /
From ¥10 billion to less than ¥100 billion /
From ¥100 billion to less than ¥1 trillion /
More than ¥1 trillion
Number of Consolidated Subsidiaries as of the End of the Previous Fiscal Year / Less than 10 / From 10 to less than 50 /
From 50 to less than 100 / From 100 to less than 300 /
More than 300

4.Policy on Measures to Protect Minority Shareholders in Conducting Transactions with Controlling Shareholder

5.Other Special Circumstances which may have Material Impact on Corporate Governance

II.Business Management Organization and Other Corporate Governance Systems regarding Decision-making, Execution of Business, and Oversight in Management

1.Organizational Composition and Operation

Organization Form / Company with Supervisory Committee

[Directors]

Maximum Number of Directors Stipulated in Articles of Incorporation
Term of Office Stipulated in Articles of Incorporation
Chairperson of the Board / President / Company Chairperson / Representative Director other than Chairperson or President / Outside Director / Other Director / None
Number of Directors
Number of Outside Directors
Number of Independent Directors
Outside Directors’Relationship with the Company (1)
Name / Attribute / Relationship with the Company*
a / b / c / d / e / f / g / h / i / j / k
From another company / Lawyer / CPA / Tax Accountant / Academic / Other

*Categories for “Relationship with the Company”

*”○” when the director presently falls or has recently fallen under the category;

“△” when the director fell under the category in the past

*“●” when a close relative of the director presently falls or has recently fallen under the category;

“▲”when a close relative of the director fell under the category in the past

a. Executive of the Company or its subsidiaries

b. Non-executive director or executive of a parent company of theCompany

c. Executive of a fellow subsidiary company of the Company

d. A party whosemajor client or supplier is theCompany or an executive thereof

e. Major client or supplier of the listed company or an executive thereof

f. Consultant, accountant or legal professional who receives a large amount of monetary consideration or other property from theCompany besides compensation as a director/kansayaku

g. Major shareholder of theCompany (or an executive of the said major shareholder if the shareholder is a legal entity)

h. Executive of a client or supplier company of theCompany (which does not correspond to any of d, e, or f) (the director himself/herself only)

i. Executive of a company, between which and the Company outside directors/kansayaku are mutually appointed (the director himself/herself only)

j. Executive of a company or organization that receives a donation from theCompany (the director himself/herself only)

k. Others

Outside Directors’Relationship with the Company (2)
Name / Membership of Supervisory Committee / Designation as Independent Director / Supplementary Explanation of
the Relationship / Reasons of Appointment

[Supervisory Committee]

Committee’s Composition and Attributes of Chairperson
All Committee Members / Full-time Members / Inside Directors / Outside Directors / Chairperson
Supervisory Committee / Inside Director / Outside Director / None
Appointment of Directors and/or Staff to Support the Supervisory Committee / Appointed / Not Appointed
Matters Related to the Independence of Such Directors and/or Staff from Executive Directors
Cooperation among Supervisory Committee, Accounting Auditors and Internal Audit Departments

[Voluntary Establishment of Nomination/Remuneration Committee]

Voluntary Establishment of Committee(s)Corresponding to Nomination Committee or Remuneration Committee / Established / Not Established
Committee’s Name, Composition, and Attributes of Chairperson
Committee Corresponding to Nomination Committee / Committee Corresponding to Remuneration Committee
Committee’s Name
All Committee Members
Full-time Members
Inside Directors
Outside Directors
Outside Experts
Other
Chairperson
Supplementary Explanation

[Independent Directors]

Number of Independent Directors
Matters relating to Independent Directors

[Incentives]

Incentive Policies for Directors / Performance-linked Remuneration / Stock Options / Other / None
Supplementary Explanation
Recipients of Stock Options / Inside Directors / Outside Directors / Inside Kansayaku / Outside Kansayaku / Executive Officers (Shikkoyaku) / Employee / Parent Company’s Directors / Parent Company’s Executive Officers (Shikkoyaku) / Parent Company’s Kansayaku / Parent Company’s Employee / Subsidiaries’ Directors / Subsidiaries’ Executive Officers (Shikkoyaku) / Subsidiaries’Kansayaku / Subsidiaries’ Employee / Other
Supplementary Explanation

[Director Remuneration]

Disclosure of Individual Directors’ Remuneration / All Directors / Selected Directors / No Individual Disclosure
Supplementary Explanation
Policy on Determining Remuneration Amounts and Calculation Methods / Established / Not Established
Disclosure of Policy on Determining Remuneration Amounts and Calculation Methods

[Supporting System for Outside Directors]

[Retired presidents/CEOs holding advisory positions (sodanyaku, komon, etc.)]

[Retired presidents/CEOs holding advisory positions (sodanyaku, komon, etc.)]の記載は、任意です。本項目を記載しない場合、本項目については削除をしてください。またこの記載については提出時に削除してください。
Information on retired presidents/CEOs holding advisory positions (sodanyaku, komon, etc.)
Name / Job title/
position / Responsibilities / Employment terms
(Full/part time, with/without compensation, etc.) / Date when former role as president/
CEO ended / Term
Number of retired presidents/CEOs holding advisory positions (sodanyaku, komon, etc.)
Others

2.Matters on Functions of Business Execution, Auditing, Oversight, Nomination and Remuneration Decisions (Overview of Current Corporate Governance System)

3.Reasons for Adoption of Current Corporate Governance System

III.Implementation of Measures for Shareholders and Other Stakeholders

1.Measures to Vitalize the General Shareholder Meetings and Smooth Exercise of Voting Rights

Supplementary Explanations
Early Notification of General Shareholder Meeting
Scheduling AGMs Avoiding the Peak Day
Allowing ElectronicExercise of Voting Rights
Participation in Electronic Voting Platform
Providing Convocation Notice in English
Other

2.IR Activities

Supplementary Explanations
Preparation and Publication of Disclosure Policy
Regular Investor Briefings for Individual Investors
Regular Investor Briefings for Analysts and Institutional Investors
Regular Investor Briefings for Overseas Investors
Posting of IR Materials on Website
Establishment of Department and/or Manager in Charge of IR
Other

3.Measures to Ensure Due Respect for Stakeholders

Supplementary Explanations
Stipulation of Internal Rules for Respecting the Position of Stakeholders
Implementation of Environmental Activities, CSR Activities etc.
Development of Policies on Information Provision to Stakeholders
Other

IV.Matters Related to the Internal Control System

1.Basic Views on Internal Control System and the Progress of System Development

2.Basic Views on Eliminating Anti-Social Forces

V.Other

1.Adoption of Anti-Takeover Measures

Adoption of Anti-Takeover Measures / Adopted / Not Adopted
Supplementary Explanation

2.Other Matters Concerning to Corporate Governance System

1