Seven & i Holdings has a basic policy of establishing high-quality corporate governance systems at the Company and its Group companies, including overseas subsidiaries. The systems are designed to ensure sound, sustainable growth and to uphold public trust.To provide appropriate countermeasures for tax-related risks, including changes in the tax governance environment in Japan and overseas, reputational risk, brand value degradation, and corporate social responsibility, we have a tax strategy that corresponds with our management strategies, and we will carry out uniform Companywide tax management.

In line with the above, Seven & i Holdings has adopted the following global tax policy.

Seven & i Holdings and its Group companies, including overseas subsidiaries, always comply with the taxation laws in the countries where they operate. Moreover, they also respect the intention of such laws by paying taxes appropriately as a way of contributing to the economic development of the countries.

To ensure that our compliance with tax-related laws and our tax management are appropriate, we follow the guidelines for developing internal controls for financial reporting to build and develop internal control systems that ensure appropriate accounting procedures and financial reporting. We operate these systems appropriately and have inside and outside audit & supervisory board members check and assess the effectiveness of the controls.

Seven & i Holdings provides timely and appropriate disclosure of management data and tax payment status of the Company and its Group companies, including overseas subsidiaries, in accordance with the laws of each country where they have operations.

Moreover, the Company and its Group companies, including overseassubsidiaries, do not engage in tax avoidance practices, which seek to excessively reduce tax payments, and transactions between operating companies are conducted according to the arm's length principle.

Seven & i Holdings strives to ensure transparency and reliability with regard to the tax obligations of its Group companies, including overseas subsidiaries, in relation to the tax authorities in the countries where they operate and international tax authorities.