The Company regularly conducts a questionnaire survey targeting all Directors and Statutory Auditors on matters such as the composition of the Board of Directors, its operation, how discussions should be conducted, the support system for officers, constructive dialogue with shareholders, and contributions to the Board of Directors.
Based on the aggregation and analysis results of the survey, we evaluate the overall effectiveness of the Board of Directors and discuss its improvements and enhancements. Moreover, to enhance the fairness and objectivity of the evaluation, we have appointed a third party for the aggregation and analysis of the questionnaire.

We conducted a questionnaire survey at the end of the previous fiscal year, and based on its results, held discussions and conducted evaluations by all Directors and Statutory Auditors including outside officers. As a result, the Board of Directors of the Company is composed of members who are appropriately qualified in terms of skills and diversity. In addition, it was confirmed that the independence and functionality of outside officers were secured and discussions at the Board of Directors meetings were accelerated as a result of measures such as ensuring opportunities for exchanging opinions among Outside Directors outside the Board of Directors meetings.
Based on the above, we have evaluated that the operation of the Board of Directors is generally appropriate and that the overall effectiveness of the Board of Directors is reasonably ensured. On the other hand, we recognize that there is room for improvement in areas such as balancing the execution and supervisory functions as a holding company and selecting agenda items for medium-to long-term challenges from the perspective of the Company’s sustainable growth and corporate value creation. Regarding the issues identified, for further enhancement of the functions of the Board of Directors and deeper discussions, we will continue to make improvements and strive to enable the Board of Directors to fulfill its roles and responsibilities even more effectively.