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Basic information of Current Audit & Supervisory Board(AS OF MARCH 25, 2016)

Composition ・Total Number : 4
・Inside Members’ Number :2(50%)
・Outside Members’ Number: 2(50%)
Each Members’ career and experience is shown as Notice of Ordinary General Meeting of Shareholders
Term of Office 4 years
Independency ・All outside members satisfy the “Selection Criteria for Independent Outside Directors and Independent Outside Audit & Supervisory Board Members
・All outside members also satisfy the requirement of Independent Officers specified in the rules of the Tokyo Stock Exchange.
Frequency of Audit & Supervisory Board Meetings Once each month, and at other times whenever necessary.
Average Attendance Rate(FY2015) 100%

Roles

The Audit & Supervisory Board members of the Company take into consideration the responsibilities entrusted to them by the shareholders and carry out the following roles from an independent and objective standpoint:

1) Audit of the execution of duties of the Board of Directors

2) Appointment and dismissal of the Accounting Auditor

3) Exercise of authority concerning audit compensation

Qualification Standards

Audit & Supervisory Board members must possess the sufficient experience and expert knowledge to perform the appropriate auditing of business execution, and in particular, at least one of the elected Audit & Supervisory Board members will possess a suitable level of insight regarding finance and accounting.

Employees requested to assist with the Audit & Supervisory Board members' duties and the independence of such employees from directors

In order to assist with the performance of duties by Audit & Supervisory Board members and the Board of Audit & Supervisory Board members, the Office of Audit & Supervisory Board members has been established under the Board of Audit & Supervisory Board members. The Office of Audit & Supervisory Board members may, based on instructions from the Audit & Supervisory Board members, request each department or each subsidiary to provide necessary information for an audit by the Audit & Supervisory Board members. The Office of Audit & Supervisory Board members corporate communicates with and makes adjustments between the Internal Audit Department and the Audit & Supervisory Board members of subsidiaries based on instructions from the Audit & Supervisory Board members and assists with sharing information on audits. An employee of the Office of Audit & Supervisory Board members is not subject to the instructions and orders of any director regarding the operations within the scope of the order given by the Audit & Supervisory Board members. Furthermore, before any such employee is subjected to transfer, personnel evaluation or disciplinary action, the prior approval of the Board of Audit & Supervisory Board members is required.

Reporting to Audit & Supervisory Board members by the ASICS Group’s directors and employees, other reporting to Audit & Supervisory Board members, and ensuring the effective performance of Audit & Supervisory Board members' duties

Audit & Supervisory Board members identify the overall status of the ASICS Group’s corporate management by attending important meetings (including those of the Board of Directors and of the Executive Board), by exchanging information with the ASICS Group’s officers and employees, and by reading internal approval documents and reports. Audit & Supervisory Board members also consult with the accounting auditor accordingly and receive reports from directors or the Board of Directors on the matters listed below:

・Misconduct by directors and employees in the course of their duties, violations of the law and The Company’s Articles of Incorporation, and other compliance issues;

・Facts that may cause serious loss or damage to the Company;

・Important information to be disclosed; and

・Matters of which the Global Whistleblowing Line has been informed.

The ASICS Group has developed a system that enables officers and employees to provide information speedily and seamlessly in response to the Audit & Supervisory Board members’ request, and does not mistreat any officer or employee who has provided information. Upon request of the Board of Audit & Supervisory Board members or the Audit & Supervisory Board members, the Company pays in advance the expenses incurred for the execution of duties by Audit & Supervisory Board members (including the expenses incurred for obtaining advices from lawyers, certified public accountants and other external experts), reimburses such expenses and settles the payment of debts.