Matters required to be described in a business report in accordance with Article 447-2(2) of the Act are as follows:
1. Objectives of the company; details of significant business activities; current conditions of the places of business, factories, and employees; and current situation of shares and corporate bonds;
2. Progress in and performance of business operations during the pertinent business year (including the current situation of financing and facility investment);
3. Relationship with the parent company; current conditions of subsidiaries; and other important facts about business combination;
4. Business performance and changes in property during the latest three years;
5. Tasks the company is to handle;
6. Names of directors and auditors incumbent in the pertinent business year; their positions in the company; business affairs assigned to them or their main occupations; and business relationships with the company;
7. At least five major shareholders (if a shareholder is a company, the shares held by each subsidiary of the company shall be aggregated); the number of shares held by them; relationships with the company; current situation of investment by the company in such major shareholders;
8. The number of another company's shares held by the company alone, by the company and its subsidiaries, or by the company's subsidiaries, if the number of such shares held by the company alone, by the company and its subsidiaries, or by the company's subsidiaries exceeds 1/10 of the total number of such another company's outstanding shares; the name of such company; and the number of the company's shares held by such company;
9. Important creditors; the amount of obligations owed to them; and the number of the company's shares held by the creditors;
10. Material facts of events that have occurred since the settlement of accounts;
11. Other matters relevant to business operations and deemed important.