Summary of the Board of Directors Effectiveness Evaluation Results and Efforts to Enhance Effectiveness

Overview of Board of Directors Effectiveness Evaluation Results

The evaluation of the board of directors’ effectiveness conducted in the fiscal year ending December 2025 found that improvements in the operation of pre-briefing sessions and rescheduling of the board and management meetings enabled more prompt discussions. Based on suggestions from outside directors and auditors, a free discussion on strengthening the compliance framework was held, resulting in generally positive evaluations for each question. However, recognition remained that issues persist regarding the nature of proposals, utilization of written resolutions, and earlier provision of materials.

Future Actions and Past Initiatives

For the fiscal year ending December 2026, plans include considering delegation of authority based on a review of the job authority regulations, proactive use of written resolutions, strengthening schedule management for material provision, and accelerating the development of management dashboards. The company also plans to increase opportunities for discussions on shareholder/investor relations and compliance/risk management, as well as continuing education and training for directors and auditors. Results and improvements over the past two years have also been reported, demonstrating ongoing efforts to enhance the board’s effectiveness.