For our organizational structure, we have selected a company with a Audit and Supervisory Committee.
Our corporate governance structure is as follows.

Organization Chart

Board of Directors

The Board of Directors consists of three directors (one of whom is an outside director) and three audit committee members (three of whom are outside directors). As a management decision-making body, the Board of Directors makes decisions on important matters in accordance with the Board of Directors Regulations and supervises the execution of business by the directors. The Board of Directors meets regularly once a month, and extraordinary meetings are held as necessary.

Nomination and Compensation Committee (voluntary committee)

The Company has established the Nomination and Compensation Committee as a voluntary committee for the purpose of ensuring objectivity and transparency in the nomination and compensation of directors. The Nomination and Compensation Committee consists of four directors (three outside directors) and is chaired by the Chairman of the Board. The committee is mainly responsible for appointing directors and formulating their remuneration. Proposals for the appointment and remuneration of directors are resolved by the Board of Directors after consultation with the Nomination and Compensation Committee.

Audit and Supervisory Committee

The Audit Committee of the Company consists of three outside directors and conducts audits based on the audit plan resolved by the Audit Committee. The Audit Committee meets regularly once a month, and extraordinary meetings of the Audit Committee are held as necessary. In addition to attending meetings of the Board of Directors and other important meetings, Audit and Supervisory Committee member audit the execution of duties by directors by requesting reports on operations from directors and by visiting all departments to investigate the status of operations and assets. In addition, the Company holds regular information-sharing meetings with the accounting auditor and the internal audit staff of the Internal Audit Office to share information on the status of each audit and to promote cooperation.

Risk and Compliance Committee

The Company has established a Risk Compliance Committee in accordance with the Compliance Regulations and Risk Management Regulations. The Risk Compliance Committee is chaired by the Chairman of the Board and consists of executive directors, including the Representative Director, members of the Audit Committee, executive officers, department managers, general managers, members of the Corporate Management Department, and other members requested to participate by the Risk Compliance Committee as deemed necessary. The committee is responsible for the overall compliance of the Company, and is also responsible for the company-wide promotion of the Company’s risk management and the sharing of information necessary for risk management. The Risk and Compliance Committee meets semiannually and as needed.

Corporate Governance Report

Corporate Governance Report

Protection of Customer Information

We believe it is an important social responsibility to appropriately protect information that identifies customers (members, sellers and viewers); therefore, we comply with laws, regulations and guidelines related to the protection of personal information based on our Privacy Policy.

Data Security

We store acquired information securely on a firewall-protected server in an environment that is not accessible to the general public and take necessary and appropriate measures to prevent unauthorized access, loss, destruction, falsification or leakage and safeguard personal data. In some cases, we entrust the handling of personal information to companies whom we have judged to be reliable and with whom we have concluded confidentiality agreements. In these cases, the acquired information is still protected under our Privacy Policy.