Evaluation of the effectiveness of the Board of Directors

Based on the self-evaluation conducted with the involvement and advice of a third-party organization in April 2024, the operation and effectiveness of the Board of Directors for the fiscal year 2023 were found to be effective. We analyzed and evaluated that there were active discussions on various management issues such as business strategy, capital policy, facility investment, and corporate governance.

In this self-evaluation, we identified challenges such as constructive exchange of opinions between internal and external directors, enhancing training opportunities including external directors, and strengthening the governance structure of the entire group including subsidiaries. The Board of Directors will continue to discuss these challenges and strive to improve effectiveness in order to further enhance its supervisory function.