Corporate Governance Report

The Group has filed the Corporate Governance Report to TSE.

Please refer to the Group's Corporate Governance Report (as of 9 July 2025).

Disclosure based on the principles of the Corporate Governance Code

• Supplementary Principle 1.2.2 : Send Convening Notices For General Shareholder Meetings Early, Supplementary Principle 1.2.4 : Exercise of Shareholder Rights at General Shareholder Meetings
• Principle 1.4 : Cross-Shareholdings
  • Policy on nil ownership of politically held listed shares
• Principle 1.7 : Related Party Transactions
  • NSG Group Related Party Transactions Policy
• Supplementary Principle 2.3.1 : Sustainability Issues, Including Social and Environmental Matters
  • Materiality
• Supplementary Principle 2.4.1 : Ensuring Diversity, Including Active Participation of Women
  • Integrated report
• Principle 2.6 : Roles of Corporate Pension Funds as Asset Owners
• Principle 3.1 : Full Disclosure
  • (i) Business principles, business strategies and business plan
  • Management principles "Our Vision"
  • Medium term management plan "2030 Vision: Shift the Phase"
  • (ii) Basic views and guidelines on corporate governance
  • NSG Group Corporate Governance Guidelines
  • (iii) Policies and procedures in determining the compensation for the senior management and Directors
  • Policies and procedures in determining the compensation for the senior management and Directors
  • (iv)(v) Policies and procedures in the appointment and the dismissal of the senior management and the nomination of Director candidates
  • Policies and procedures for the appointment of the senior managers and nomination of the director candidates
• Supplementary Principle 3.1.2 : Full Disclosure
• Supplementary Principle 3.1.3 : Full Disclosure
  • The roadmap for carbon neutrality in 2050
  • Integrated report
• Supplementary Principle 4.1.1 : Roles and Responsibilities of the Board (1)
  • NSG Group Corporate Governance Guidelines
• Supplementary Principle 4.1.3 : Roles and Responsibilities of the Board (1)
  • Terms of reference of Nomination Committee
• Supplementary Principle 4.2.1 : Roles and Responsibilities of the Board (2)
  • Policies and procedures in determining the compensation for the senior management and Directors
• Supplementary Principle 4.2.2 : Roles and Responsibilities of the Board (2)
  • NSG Group Basic Policy on Sustainability
• Supplementary Principle 4.3.2, Supplementary Principle 4.3.3 : Roles and Responsibilities of the Board (3)
  • Terms of Reference of Nomination Committee
  • Policy and Procedure on Appointment and Dismissal of Executive Management
• Supplementary Principle 4.3.4 : Roles and Responsibilities of the Board (3)
• Principle 4.8 : Independent Directors
  • NSG Group Corporate Governance Guidelines (Articles 9, Articles 13)
• Supplementary Principle 4.8.1 : Independent Directors
• Principle 4.9 : Independence Criteria and Qualification of Independent Directors
  • Criteria of Independency for External Director at NSG
• Principle 4.10.1 : Use of Optional Approach
  • Terms of Reference of Nomination Committee
  • Terms of Reference of Compensation Committee
• Supplementary Principle 4.11.1 : Preconditions for Board and Kansayaku Board Effectiveness
  • Skill matrix（Notice of convening the ordinary General Meeting of Shareholders）
  • Policies for the appointment of the nomination of the Director candidates
• Supplementary Principle 4.11.2 : Preconditions for Board and Kansayaku Board Effectiveness
  • Concurrent positions held by Directors
• Supplementary Principle 4.11.3 : Preconditions for Board and Kansayaku Board Effectiveness
  • NSG Group Corporate Governance Guidelines (Articles 23)
  • Board of Directors Charter
• Supplementary principle 4.13.3 : Information Gathering and Support Structure
• Supplementary Principle 4.14.2 : Director and Kansayaku Training
  • Group Policy on Providing Adequate Training for Directors and Executive Officers
• Principle 5.1 : Policy for constructive dialogue with shareholders
  • NSG Group Policy on Constructive Dialogue with Shareholders
• Principle 5.2, Supplementary principle 5.2.1 : Establishing and Disclosing Business Strategies and Business Plan
  • Medium term management plan "2030 Vision: Shift the Phase"
• Taking actions to realize the company management with enhanced awareness of capital costs and stock prices
  • Medium term management plan "2030 Vision: Shift the Phase" (Page36)