Discussion related to business risksGroup internal audit reports, Group company risk monitoring reports, etc. Discussion related to important investment projects and individual businessesReview of business profit improvement plans, consideration of R&D investment in growth businesses, review of status of important investment projects from a medium-term perspective, etc. Discussion related to human capitalReport of employee survey results, base salary increases, etc. Discussion related to management strategies and plansMonitoring of market trends, efforts to achieve management awareness of cost of capital and the stock price, optimization of the business portfolio, etc. Discussion related to corporate governance and sustainabilityReport evaluating the Board of Directors’ effectiveness and consideration of measures, Group governance, summary of investor meetings, report on the status of sustainability initiatives, etc.————61699Note: The Business Deliberation Council convenes to ensure sufficient discussion on important management issues before the submission of agenda items to the Board of Directors.transparency in the evaluation of directors (excluding outside directors and Audit & Supervisory Committee members) and the determination of their compensation, the Nomination and Compensation Committee provides advice and suggestions in consultation with the Board of Directors. The Company has made revisions to its officer compensation plan, effective from the fiscal year ending March 31, 2026.Total Remuneration by Corporate Officer Type Compensation Structure Under the Revised Compensation PlanRemuneration System for Outside Directors (Excluding Audit & Supervisory Committee Members)Remuneration System for Directors (Audit & Supervisory Committee Members)Directors(excluding Audit & Supervisory Committee members and outside directors)Directors / Audit & Supervisory Committee members(excluding outside directors)Outside officers Basic remuneration Remuneration System for Directors (Excluding Outside Directors and Audit & Supervisory Committee Members)13.5 Bonuses Restricted stocks31520921214444762856 Board of DirectorsContent of Key Deliberations by the Board of Directors (Including the Business Deliberation Council) in the Fiscal Year Ended March 31, 2025 Remuneration of Corporate OfficersThe Company’s basic policy is to set the amount of remuneration for directors and its calculation method at an appropriate level based on the directors’ position and responsibilities within the maximum amount determined by the General Meeting of Shareholders. In addition, in order to enhance objectivity and Governance OverviewAll directors were surveyed by questionnaire concerning the effectiveness of the Company’s Board of Directors, with space provided for open-ended responses. We identified items for which our results are lower than average in the third-party governance evaluation as priority issues to be addressed and asked the directors for their opinions on these matters. The representative director analyzed the results and determined priority measures for the fiscal year ending March 31, 2026, at a meeting of the Board of Directors. These processes and measures have been evaluated by the independent outside directors as reasonable and appropriate. Progress of Measures Implemented Following the Previous Year’s Effectiveness EvaluationDiscussions on optimizing the business portfolio have commenced, and efforts are ongoing to develop senior management and improve human capital management in general. Steady progress has also been made with regard to investor relations activities and efforts to strengthen global governance. Priority Measures for the Fiscal Year Ending March 31, 2026To invigorate discussions at Board meetings, the directors will work on setting topics, distributing materials in advance, reviewing briefings given by the executive side, and further deepening discussions on optimizing the business portfolio. In addition, the Board has set forth the expansion of discussions on succession planning and the enhancement of disclosure of CO2 emissions data as priority themes. These themes should be addressed on an ongoing basis, rather than just for one fiscal year, and the independent outside directors will continue to monitor and evaluate the Board in this regard.Evaluation of the Effectiveness of the Board of DirectorsCorporate officer typeNote: Basic remuneration is paid in cash as a fixed monthly amount. Bonuses are a short-term incentive remuneration, paid in cash, that reflect the evaluation of consolidated operating performance (consolidated net sales and consolidated operating income). Restricted stocks are shares provided as a long-term incentive remuneration that motivates directors to contribute to share price appreciation and the enhancement of corporate value.63.5Fixed remuneration9191Total remu-nerationTotal remuneration by typeBasic remu-neration23.0Incentive remuneration(Millions of yen)Number of people receiving remu-nerationBonusesRestricted stocks
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