Directors, Audit & Supervisory Board Members

Representative Director & President	Hajimu Yoshimura President
Director	Masaki Fujiwara Vice President and Operating Officer Executive General Manager of Corporate Planning Division
Director	Hiroshi Zumoto Senior Managing Operating OfficerCOO of Power Supply System Executive General Manager of Power Supply System Manufacturing Division Chairman of the Board, SANREX LIMITED Chairman of the Board, SANSHA ELECTRIC MFG. (GUANGDONG) CO., LTD.
Director	Hajime Katsushima Managing Operating Officer COO of Semiconductor Executive General Manager of Engineering Research and Development Division Chairman of the Board, Sansha Electric Manufacturing (Shanghai) Co., Ltd.
Director (Independent Outside Director)	Akira Uno Outside Director, Hashimoto Sogyo Holdings Ltd. Fellow ,School of Business at Graduate School of Economics, Kyoto University (Doctor of Economics) Senior Executive Fellow, DMG Mori Co., Ltd.
Director (Independent Outside Director)	Koichi Ina Outside Director, Kubota Corporation Chairman, Central Japan Industries Association
Audit & Supervisory Board Members	Ichiro Kitano Audit & Supervisory Board Member, Sansha Solution Service Co., Ltd. Audit & Supervisory Board Member, Suwa Sansha Electric Co., Ltd.
Audit & Supervisory Board Members (Independent Outside Audit & Supervisory Board Member)	Kazuhiro Egawa Head of Eiwa Law Office
Audit & Supervisory Board Members (Independent Outside Audit & Supervisory Board Member)	Eriko Nashioka Representative Director, Institute for Environmental Management Outside Director (Audit and Supervisory Committee Member), FUKUSHIMA GALILEI CO. LTD., Ltd. Outside Audit & Supervisory Board Member, OSAKA GAS CO., Ltd.

Skill matrix

		Independence	Knowledge and experience particularly expected by the Company
		Independence	Corporate management and management strategy	Overseas business experience	Business strategy	R&D and production	Finance and accounting	Legal affairs and compliance
Directors	Hajimu Yoshimura		●	●	●	●
	Masaki Fujiwara		●	●	●		●
	Hiroshi Zumoto		●		●	●
	Hajime Katsushima		●		●	●
	Akira Uno	●	●				●
	Koichi Ina	●	●			●
Audit & Supervisory Board Members	Ichiro Kitano			●	●	●
	Kazuhiro Egawa	●	●					●
	Eriko Nashioka	●	●				●

Skills for ensuring the effectiveness of the Board of Directors		Reasons for selecting skills	Skill requirements
Overall business management skills	Corporate management and management strategy	Requires management experience and achievements in corporate management and the formulation and promotion of management strategies to realize the Group’s growth strategy	Management experience as a representative director or officer in a company
Overall business management skills	Overseas business experience	Requires overseas business management experience, and knowledge and experience of an overseas business environment to respond to global business development	Experience as a representative of overseas subsidiary, head of overseas business division, or executive officer
Business core skills	Business strategy	As the Company’s business area is a niche and highly specialized market based on power electronics technology, this position requires a high level of knowledge in such area as well as experience in executing business strategies	Executive in charge of business division, head of division and person with equivalent experience as senior management
Business core skills	R&D and production	Requires knowledge and experience to develop safe, secure, and high-quality products and realize integrated production from design to production	Executive in charge of R&D and production division, head of division and person with equivalent experience as senior management
Functional core skills	Finance and accounting	Requires accurate financial reporting, efficient management of invested capital, and knowledge and experience to enhance shareholder returns	Executive in charge of accounting and finance division, head of division, person with equivalent experience and person with experience in auditing firm, etc.
Functional core skills	Legal affairs and compliance	Requires knowledge and experience in legal affairs and compliance fields to ensure effective corporate governance and improve the effectiveness of the Board of Directors.	Experience as executive in charge of legal affairs and compliance, head of division, and person with experience in a law firm, etc.

Criteria for Appointment/Dismissal of Directors and Corporate Auditors

Appointment Criteria

Such person has an excellent personality, knowledge and management sense, and is familiar with managerial issues.
Such person has a superior ability to make analysis and judgment objectively from a company-wide perspective.
Such person can state his/her opinion positively from a company-wide perspective.
Such person can secure time and effort required to properly perform his/her duties and responsibilities as Director/Corporate Auditor.
Such person satisfies statutory eligibility requirements for Director/Corporate Auditor.
As for a candidate for Outside Director/Outside Corporate Auditor, such person satisfies the Company’s criteria for judgment of independence.
The appointment of such candidate for Director maintains the diversity of experience and expertise, has the Board of Directors exercise its function most efficiently and effectively, and brings a balance so that management is supervised throughout the Company.
The appointment of such candidate for Corporate Auditor brings a balance among knowledge, experience and expertise. At least one Corporate Auditor has considerable knowledge in finance and accounting.

Dismissal Criteria

Cases where a material fact in violation of laws, regulations or the Articles of Incorporation is found.
Cases where a significant deviation from the appointment criteria is found.
Cases where the corporate value is significantly damaged by a failure to perform duties.
Cases where an event occurs that makes appropriate execution of duties difficult.

Criteria for Appointment of Outside Officers and for Judgment of Independence of the Company

Criteria for Appointment of Outside Officers

Such person has an excellent personality, high ethical standards and is physically and mentally fit.
Such person has a high level of expertise and abundant experience in areas such as business management, corporate management, legal affairs and accounting.
Such person can secure sufficient time to attend board meetings, etc. and is qualified to perform his/her duties.
Such person satisfies statutory eligibility requirements for Outside Officer.

Criteria for Judgment of Independence

Outside Officers to whom none of the following conditions applies can be “Independent Officers.”

Person who performs or has performed duties of the Group
Person who performs duties of a major business partner of the Group (customer or supplier whose transaction amount exceeds 1% of the annual consolidated sales in the latest business period) or its parent company or important subsidiary
Person who performs duties of a financial institution which is essential to the Group’s funding and cannot be replaced and on which the Group relies, or other major creditor or its parent company or important subsidiary
Consultant, accountant, tax accountant or lawyer who earns money or other assets over 10 million yen (average of the past three years) in a year from the Group other than director’s remuneration
Member of the audit firm which performs an accounting audit of the Group or staff who has been directly engaged in audit of the Group
Person who performs duties of a major shareholder, a major shareholder organization or its group whose shareholding ratio is more than 10% in the Company’s latest shareholder registry
Person who satisfied conditions 2 through 5 above in the past three years or a partner/relative within the second degree of kinship of a person listed in 1 through 6 above