Main content Main content

Governance

Audit and Supervisory BoardAs of June 29, 2021

Audit and Supervisory Board Members

Kazuhiro Tsuji

Audit & Supervisory Board Member

Kazuhiro Tsuji

Date of birth: January 25, 1961


Activities
Attended all of the 10 Audit & Supervisory Board meetings and 10 Board of Director meetings held in the year ended March 31, 2021 (attendance rate after his appointment at the General Meeting of Shareholders)
Brief personal profile
Mar 1984
Joined the Company
Mar 2010
General Manager of Human Capital Development Department, Human Resources Division
Apr 2011
General Manager of Shared Services Center, Human Resources Division
Jul 2011
Deputy General Manager of General Administration Center
Apr 2013
General Manager of Secretarial Office
Apr 2018
General Manager of Human Resources Division
Apr 2019
Corporate Vice President
Jun 2020
Audit & Supervisory Board Member (Current)

Shinji Sato
New

Audit & Supervisory Board Member

Shinji Sato

Date of birth: May 2, 1960


Brief personal profile
Apr 1983
Joined MITSUI & CO., LTD.
May 2010
President and Representative Director of Mitsui & Co. Financial Management, Ltd.
Apr 2012
Chief Financial Officer of Asia Pacific Business Unit of MITSUI & CO., LTD.
Senior Vice President of Mitsui & Co. (Asia Pacific) Pte. Ltd.
Apr 2015
Internal Auditor of Internal Auditing Division of MITSUI & CO., LTD.
Dec 2017
Joined the Company Adviser
Apr 2018
Corporate Vice President in charge of finance
General Manager of Finance and Legal Division
President of Ricoh Americas Holdings, Inc.
Jun 2019
Director of RICOH LEASING COMPANY, LTD.
Apr 2020
General Manager of Finance Division
Apr 2021
General Manager of Financial and Accounting Center
Jun 2021
Audit & Supervisory Board Member (Current)

Yo Ota

Outside Audit & Supervisory Board Member

Yo Ota

Date of birth: October 3, 1967


Activities
Attended all of the 14 Audit & Supervisory Board meetings and 12 Board of Director meetings held in the year ended March 31, 2021
Brief personal profile
Apr 2001
A member of staff of Civil Affairs Bureau of The Ministry of Justice (Japanese Commercial Code Group of Counsellor's Office)
Jan 2003
Partner of Nishimura & Asahi (Current)
Jun 2005
Outside Auditor of Culture Convenience Club Co., Ltd.
Jun 2005
Outside Director of Denki Kogyo Co., Ltd.
May 2012
Director of the Japan Association of Corporate Directors (Current)
Apr 2013
Professor of Graduate Schools for Law and Politics of the University of Tokyo
Jun 2013
Councilor of LOTTE Foundation (Current)
Jul 2014
Vice Chairman of Corporate Governance Committee of the Japan Association of Corporate Directors (Current)
Jun 2016
Outside Director of Nippon Kayaku Co., Ltd. (Current)
Jun 2017
Outside Audit & Supervisory Board Member (Current)

Shoji Kobayashi

Outside Audit & Supervisory Board Member

Shoji Kobayashi

Date of birth: December 29, 1953


Activities
Attended all of the 10 Audit & Supervisory Board meetings and 10 Board of Director meetings held in the year ended March 31, 2021 (attendance rate after his appointment at the General Meeting of Shareholders)
Brief personal profile
Apr 1979
Joined Kao Soap Co., Ltd (Current Kao Corporation)
Feb 1998
Director of Chemical Research Laboratories of Kao Corporation
Sep 2002
General Manager of Industrial Materials Business Division of Kao Corporation
Jun 2006
Vice President & Executive Officer, Chemical Business Unit of Kao Corporation Business Division of Kao Corporation
Jun 2010
President & Executive Officer of Chemical Business Unit of Kao Corporation
Mar 2013
Full-time Audit & Supervisory Board Member of Kao Corporation (until March 2017)
Jun 2017
Member of Contract Monitoring Committee, National Institute of Technology and Evaluation (NITE)
Jan 2018
Advisor of SAIWAI TRADING CO., LTD.
Jun 2019
Director in charge of Control Group (Part-time) of SAIWAI TRADING CO., LTD. (Current)
Jun 2020
Outside Audit & Supervisory Board Member (Current)
Jun 2021
Chairman of Contract Monitoring Committee, National Institute of Technology and Evaluation (Current)

Yasunobu Furukawa

Outside Audit & Supervisory Board Member

Yasunobu Furukawa

Date of birth: October 11, 1953


Activities
Attended all of the 10 Audit & Supervisory Board meetings and 10 Board of Director meetings held in the year ended March 31, 2021 (attendance rate after his appointment at the General Meeting of Shareholders)
Brief personal profile
Apr 1976
Joined Tetsuzo Ota & Co. (Current Ernst & YoungShinNihon LLC)
Sep 1980
Registered as a certified public accountant (Current)
May 1999
Representative Partner of Ernst & Young ShinNihon LLC
Aug 2008
Executive Partner of Ernst & Young ShinNihon LLC
Aug 2010
Senior Executive Partner of Ernst & Young ShinNihon LLC
Aug 2012
Senior Advisor of Ernst & Young ShinNihon LLC
Jun 2014
Outside Director of Keisei Electric Railway Co., Ltd. (Current)
Jun 2015
Outside Audit & Supervisory Board Member of Saitama Resona Bank, Limited
Jun 2015
Outside Director of NSK Ltd.
Jun 2019
Outside Director (Audit & Supervisory Committee Member) of Saitama Resona Bank, Limited (Current)
Jun 2020
Outside Audit & Supervisory Board Member (Current)

Outline of audit activities

The Audit and Supervisory Board reviewed risks and issues in the four areas, namely (1) Directors, (2) Business execution, (3) Subsidiaries, (4) Internal audit, and (5) Accounting audit, and formulated annual activity plans. Outline of audit activities in each of these areas are illustrated as follows. Audit and Supervisory Board Members pointed out the issues and provided suggestions to Directors and business divisions, concerning the matters brought to our attention through these audit activities. With respect to the issues regarding the circumstances and response to the financial irregularities at a sales subsidiary in India and the subsequent conditions, etc., Audit and Supervisory Members made sure to stay updated on the latest development, by requesting explanation from the Directors, Executive Officers, and the employees concerned, etc., as well as attending the relevant meetings, in addition to the audit activities.

Notes on the Audit Performance

The Audit and Supervisory Board prepared the Audit Report on the following; (i) Methods and contents of the Audit employed by the Audit and Supervisory Board Members and the Audit and Supervisory Board, and (ii) Audit results. With respect to (i) Methods and contents of the Audit employed by the Audit and Supervisory Board Members and the Audit and Supervisory Board, the Board decided to voluntarily prepare and disclose these Notes, as complementary material to the Audit Report, in order to enhance the effectiveness of the dialogue with stakeholders including shareholders, based on the belief that it is crucial to provide more concrete explanation, to enhance audit transparency.