MEISEI Group promotes management that fulfills corporate social responsibilities value by conducting ethical corporate activities fairly and in good faith and striving to permanently enhance corporate value in order to materialize the following three management principles:
“Always work toward the creation of customers and repaying their trust”;
“Contribute to society through business”; and
“Always recognize the nature of management and challenge toward the future.”
This Code defines the basic action guidelines for officers and employees of the MEISEI Group to implement compliance by pursuing profit through fair competition while complying with all laws, rules and their spirit and acting with social common sense based on the following basic principles, to ensure that our existence broadly serves the good of society.

1. Legal Compliance

   We shall conduct corporate activities not against social norms fairly and in good faith as well as fair and free competition by complying with related laws and regulations and company regulations.

2. Respect for Human Rights

   We shall respect the basic human rights of every person as well as the character and individuality of each person. We do not accept any discriminatory treatment or harassment.

3. Information Disclosure

   We shall communicate with society and disclose corporate information in a timely and appropriate manner as a trusted company.

4. Workplace environment

   We shall work toward the realization of a work environment in which challenge aspirations can be maximized by making use of ingenuity and creativity while maintaining a safe and sound environment.

5. Contribution to Society

   We shall establish a good relationship with a wide range of stakeholders in the community and contribute to society through our business activities.

6. Relationship with Politics and Government

   We shall maintain a healthy, normal and transparent relationship with politics and the government.

7. Relationship with Antisocial Forces and Organizations

   We shall take a firm stand against antisocial forces and groups which pose a threat to social order or sound corporate activities, and shall never provide them with economic benefits.

8. Information Management

   We shall follow "Basic Policy on Information Security" so as not to compromise the privacy of any individual, and manage personal information and our own confidential information properly and not use it for any purposes other than those required in business.

[Overview of corporate governance]

1. Fundamental Concepts of Corporate Governance

   In the MEISEI Group, we operate our businesses under the management principles of always recognizing the nature of management, striving to challenge toward the future, and contributing to society through business. In aiming to enhance corporate value, we position the maintenance of management transparency, the implementation of timely and appropriate information disclosure, and the implementation of various measures as our basic approach to corporate governance.

2. Overview of Corporate Governance Structure and Reasons for Adopting Such Structure

   The Company has adopted the structure of a company with an Audit and Supervisory Committee, in order to strengthen the audit and supervisory functions of the Board of Directors and further enhance corporate governance, through the appointment of Directors who are Audit and Supervisory Committee Members with voting rights.
   Directors who are Audit and Supervisory Committee Members and the Audit and Supervisory Committee are responsible for the function of auditing the Board of Directors from a standpoint that is independent of business execution and the Board of Directors. In addition, the Company also believes that the speed of management decision-making and the efficiency of business execution have been enhanced through the separation of management responsibilities and business execution responsibilities based on the introduction of an Executive Officer system, while also creating a system for sufficient organizational control.
   The Board of Directors of the Company consists of nine Directors (including four Audit and Supervisory Committee Members). It holds regular meetings once a month, in principle, as well as extraordinary meetings when necessary. The activities of the Board of Directors include receiving reports, engaging in discussion, and making decisions concerning matters set forth in laws and regulations and the Articles of Incorporation, as well as other important management matters, and checking the status of business execution.
   The Audit and Supervisory Committee consists of four Directors who are Audit and Supervisory Committee Members (including three Outside Directors). It holds meetings once a month, in principle. Each Audit and Supervisory Committee Member attends meetings of the Board of Directors and other important meetings, and endeavors to develop an understanding of the processes for making important decisions and the status of business execution, while also expressing views as necessary and auditing and supervising business execution, mainly through activities such as coordinating with the Internal Audit Department, and reviewing audit plans and reports on the results of financial audits from the Financial Auditor.

3. Activities of the Board of Directors

   Specific content reviewed by the Board of Directors
   The activities of the Board of Directors include receiving reports, engaging in discussion, and making decisions concerning matters set forth in laws and regulations and the Articles of Incorporation, as well as other important management matters, and checking the status of business execution. The Directors responsible for each supervisory department submit reports on the status of progress of fiscal year business plans, engage in specific measures, and endeavor to build systems for more efficient business execution.
   In the fiscal year ended March 2024, the Board of Directors engaged in discussion and received reports on matters such as fiscal year plans, individual resolutions, monthly reports and financial reports, as well as the revision and abolition of various rules and the operation of the Sustainability Committee.

4. Activities of the Nomination and Remuneration Committee

   The composition of the Nomination and Remuneration Committee is as follows
   Internal committee member (one): Toshiteru Otani (chairperson)
   Outside committee members (two): Kyoichi Uemura (committee member, Outside Director), Mitsumasa Kishida (committee member, Outside Director)
   
   Specific content reviewed by the Nomination and Compensation Committee
   The Nomination and Compensation Committee selects candidates with insight, qualities, and capabilities suited for the management environment in a fair and impartial manner, based on the Director Candidate Selection Criteria, and determines the submission of agenda items to the Board of Directors concerning candidates for Directors and Representative Directors. It also makes decisions concerning the individual compensation of each Director.
   In terms of the specific content reviewed in the fiscal year ended March 2024, the committee engaged in deliberation and submitted reports in response to consultation from the Board of Directors as follows, concerning the election and compensation of Directors.
   ･April 2023　Report in response to consultation concerning the selection of candidates for Directors and Directors who are Audit and Supervisory Committee Members
   ･May 2023　Report in response to consultation concerning the compensation of Directors