Notice of Establishment of an Independent Committee by Resolution of the Audit and Supervisory Committee

Background and Purpose

Based on a resolution of the Audit and Supervisory Committee, the Company has decided to establish an independent external committee. This is intended to clarify the facts from an independent third-party perspective in light of insufficient verification of previous investigative findings related to containerized data center transactions in the Solutions business domain. The background to the establishment notes receipt of a notice from the audit firm Ks Lab., and the independent committee will be conducted in accordance with the Japan Federation of Bar Associations guidelines.

Outlook and Impact

Members of the independent committee are currently being selected and will be announced once decided. The committee will be tasked with investigating the facts, determining causes, and proposing measures to prevent recurrence. The investigation is expected to require an appropriate period, and upon receipt of the investigation report, the Company will disclose the investigation results and its future response policy. Investigation costs are expected to be incurred, and depending on the results, there may be corrections to the interim consolidated financial statements and prior years' consolidated financial statements.