#BoardEffectivenessEvaluation

Nichirin Co., Ltd. conducted an effectiveness evaluation of its Board of Directors and, although overall receiving high ratings, recognized issues including director training, diversity, and awareness of capital costs, announcing efforts to address these challenges.

Kohoku Industrial Co., Ltd. conducted a 2025 board effectiveness evaluation, confirming an appropriate size and composition as well as comprehensive discussions on management strategies. Meanwhile, improvement areas such as document provision timing and discussion time allocation were also identified.

Nitto Denko Corporation conducted an evaluation of the board of directors' effectiveness for fiscal 2025, confirming that effectiveness is ensured. Strengthening supervision of internal controls and risk management, as well as deepening discussions on organizational structure, are ongoing challenges.

Vision Inc. conducted an effectiveness evaluation of its board of directors, receiving a high overall score of 4.7. However, it recognized the need for personnel knowledgeable in AI and systems and identified improvements needed in agenda time allocation.

DyDo Group Holdings concluded that the board of directors functioned appropriately overall based on the 2025 board effectiveness evaluation results. At the shareholders meeting scheduled in April 2026, seven directors are to be appointed, with outside directors making up the majority.

Mugen Estate Co., Ltd. conducted an effectiveness evaluation of its Board of Directors for the fiscal year ending December 2025, confirming a robust governance structure. Issues identified include improving the quality of deliberations and enhancing training opportunities for directors.

The board effectiveness evaluation for the fiscal year ending March 2026 highly rated board culture and the chairman’s role, while pointing out issues in agile business strategy review and risk management.

Daiwa House Industry conducted the 2025 board effectiveness evaluation with cooperation from an external organization, performing a self-assessment and concluding that effectiveness is ensured.

Daitron Co., Ltd. conducted a Board of Directors effectiveness evaluation in December 2025 and determined that effectiveness was appropriately ensured. Enhancing discussions on the succession plan was identified as a future challenge.