Business Report - Shiseido group website

External Corporate Auditors
Name
Akio Harada
Reiko
Kuroda
Nobuo Otsuka
Company in Which
Concurrent Position
Is Held
Sumitomo
Corporation
Japan Post Holdings
Co., Ltd.
Enterprise
Turnaround Initiative
Corporation of Japan
Tokyo Woman’s
Christian University
International Civil
and Commercial Law
Centre Foundation
The University of
Tokyo
Keseikai Hospital
Group
[Translation: AGM 2012]
Important Position of Other Organizations
Concurrently Assumed and the Relationships
Between These Organizations and the Company
The Company purchases raw materials, etc. from Sumitomo
Corporation and such purchases of the Company represented less
than 0.1% of the total amount of the cost of sales and the selling,
general and administrative expenses of the Company for the fiscal
year ended March 31, 2012. Moreover, the Company and
subsidiary of the Company engage in transactions such as the
purchase of raw materials, etc., equipment rental, and the
Shiseido Group’s total payments to the Sumitomo Corporation
group accounted for less than 0.1% of the total amount of
consolidated cost of sales and consolidated selling, general and
administrative expenses of the Company for the fiscal year ended
March 31, 2012.
Subsidiaries of the Company sell cosmetics, etc. to subsidiaries of
Sumitomo Corporation and such sales represented less than 0.1%
of the consolidated net sales of the Company for the fiscal year
ended March 31, 2012.
Sales of raw materials, etc. by Sumitomo Corporation to the
Company represented less than 0.1% of the net sales of Sumitomo
Corporation for the fiscal year ended March 31, 2012. Moreover,
sales of raw materials, etc. by the Sumitomo Corporation Group
to the Shiseido Group represented less than 0.1% of the
consolidated total revenues of the Sumitomo Corporation Group
for the fiscal year ended March 31, 2012. The sales of
Cosmetics of the Company’s subsidiaries accounted for less than
0.1% of the consolidated total cost of the Sumitomo Corporation
group for the fiscal year ended March 31, 2012.
The Company has no special relationships of interest with Japan
Post Holdings Co., Ltd.
The Company has no special relationships of interest with the
Enterprise Turnaround Initiative Corporation of Japan.
The Company has no special relationships of interest with the
Tokyo Woman’s Christian University.
The Company has no special relationships of interest with the
International Civil and Commercial Law Centre Foundation.
The Company is engaged in joint studies on beauty and health with
the University of Tokyo. Ms. Kuroda is not involved in these joint
studies.
(4) Other Matters Related to External Directors
1) Major Activities
The Company has no special relationships of interest with the
Keiseikai Hospital Group.
Position Name Major Activities
External
Director
Shoichiro Iwata
Mr. Iwata attended 14 out of 14 Board of Directors meetings
(Attendance rate: 100%). Based on his views to the management of
the Company, which are free from the Company's established
structure, he made remarks from a standpoint of a manager in other
industry as necessary and fulfilled a supervisory function in regard
to the management. He also served as Chairman of Remuneration
Advisory Committee of the Company and a member of Nomination
Advisory Committee of the Company.
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