We strive to strengthen our corporate governance structure in a way that is adapted to the size and nature of our business while enhancing the efficiency, transparency, and fairness of our operations, living up to the trust our stakeholders have placed in us, and upholding our commitment to enhance our corporate value continuously.

We recognize the importance of corporate governance in ensuring the company's existence and continuously increasing its value over the medium to long term based on an appropriate and continuous cooperative relationship with stakeholders with diverse values.
Our corporate group, which consists of our company and its subsidiaries, strives to enhance corporate governance based on its management philosophy, business philosophy, articles of incorporation, "FUJIKURA COMPOSITES Corporate Governance Policy," and "FUJIKURA COMPOSITES Code of Conduct," which is behavioral guidelines for CSR and compliance. We promote fair and sound management, appropriate and prompt decision-making and business operations, positive relationships with stakeholders, and compliance with laws and regulations. We will continue to improve the following: management efficiency and transparency through prompt decision-making suited to the size and nature of our corporate group, detailed business executions by the people who execute the business and is entrusted with delegated authority from the Board of Directors, monitoring and supervision of operations from a broad perspective beyond business segments or duties, such as director and audit and supervisory committee member, and more effective use of management resources.

We have elected Mr. Nagahama as an outside director based on his extensive experience, a proven track record, and broad insight as a businessperson. Our expectation is that he would provide advice on the overall management of our company from a practical viewpoint, contributing to the enhancement of our corporate value through business expansion and strengthening of corporate governance. Mr. Nagahama previously served as an executive officer of our major shareholder. However, since he has retired from management, we have determined that he will not have any influence on the decisions of shareholders or investors, and there is no risk of a conflict of interest with general shareholders. He was, therefore, appointed as an independent director.

Mr. Hosoi is a certified public accountant and a licensed tax accountant with considerable knowledge of finance and accounting. We have elected him as an outside director and audit and supervisory committee member in order to utilize his knowledge to enhance the effectiveness of the audit function as an audit and supervisory committee member. Although there are relevant matters regarding the attributes of independent directors, we have determined that there is no risk of a conflict of interest with general shareholders. He was, therefore, appointed as an independent director.

Ms. Tanaka has a high level of experience and insight in legal matters as an attorney at law. We have elected her as an outside director and audit and supervisory committee member in order to enhance the effectiveness of the audit function as an audit and supervisory committee member. Ms. Tanaka is a member of Abe & Tanaka Law Office, with which our company has a legal advisory agreement. However, we have determined that the transaction amount is so small that there is no risk of a conflict of interest with general shareholders. She was, therefore, appointed as an independent director.

Ms. Tsurumi has abundant knowledge and experience in corporate accounting she accumulated over many years as a certified public accountant. We have determined that she is qualified to serve as an outside director and audit and supervisory committee member with the expectation that she would provide useful opinions to further strengthen our corporate governance and other areas. Although there are relevant matters regarding the attributes of independent directors, we have determined that there is no risk of a conflict of interest with general shareholders. She was, therefore, appointed as an independent director.