Audit & Supervisory Board MemberKazuhiro Tsuji
Date of birth: January 25, 1961
Audit & Supervisory Board MemberShinji Sato
Date of birth: May 2, 1960
Outside Audit & Supervisory Board MemberYo Ota
Date of birth: October 3, 1967
Outside Audit & Supervisory Board MemberShoji Kobayashi
Date of birth: December 29, 1953
Outside Audit & Supervisory Board MemberYasunobu Furukawa
Date of birth: October 11, 1953
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.
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.