Management Replacement Cycle

Interview with an Outside Director Outline of Corporate Governance Governance Committee Director Compensation System Management Replacement Cycle Appointment Guideline for Outside Directors Business Risk Compliance

Management Replacement Cycle

Mandatory Retirement at 60 for Directors

・Directors retire from business execution on the last day of the fiscal year (March 31) in which they become 60 years old, becoming non-executive directors (part-time) from April 1.

・At the end of the General Shareholder’s Meeting held in the following June, they retire or resign.

・After retirement, they may not serve as an advisor, consultant or any other role.

Elimination of Hereditary Appointments

・Persons within two degrees of kinship of upper management personnel
(assistant manager and above) are not admitted to join the Daito Group, in order to eliminate hereditary appointments.