Takaoki Fujiwara

Takaoki Fujiwara has extensive practical experience and a wide range of knowledge as a director of Hankyu Hanshin Holdings, Inc. and a manager of a group company of Hankyu Hanshin Holdings, Inc. For these reasons, we expect that he will reflect his experience in audits of the Company with respect to the appropriateness of the management decisions and execution of duties of the Directors from a wide-ranging perspective as an outside corporate auditor. We therefore elected him as an outside corporate auditor. At Board of Directors meetings and Corporate Auditor meetings, he provides appropriate advice about compliance and human resources from insight of practical experience and wide-ranging knowledge in corporate management, and suggests about performance of directors based on wide-range knowledge.