Asahi Yukizai Corporation annually analyzes and evaluates the effectiveness of the Board of Directors (BoD) using questionnaires from the directors.
We completed the evaluation of the effectiveness of the BoD in the 2025 fiscal year and disclose the summary below.
１．Method of Evaluation
We evaluated the effectiveness of the BoD as follows:
（1）We conducted a questionnaire survey of all seven directors between March and May 2026.
（2）At the BoD meeting held in May 2026, the results of the analysis of the above questionnaires were shared, and the BoD reviewed the
initiatives in FY2025 and discussed and evaluated its effectiveness.
（3）Initiatives in FY2025
a. Changes in Composition of the BoD
We introduced the CxO system in April 2025. In addition, since June
2025, the BoD has been composed of seven members: three directors who also serve as CxOs and four Outside Directors, including three Audit
and Supervisory Committee members.
b. Transition toward a More Monitoring-Oriented BoD Aiming to ensure appropriate and swift business execution while transitioning to a BoD
with a greater focus on monitoring, the following initiatives were implemented; 1) the amendment to the criteria for matters requiring BoD
approval, and delegation of authority over business execution to management, 2) clarification of functions and roles of both the BoD and
the Officers Meeting, and 3) identification of important topics to be discussed by the BoD.
※Important Topics for the Second Half of FY2025
・Monitoring of Significant Investment Projects
・Safety, Hygiene, and Health Management
・Shareholder Returns and Capital Allocation
・Human Capital
・Sustainability Management
・Succession Planning
・Executive Compensation System
・Maintenance and Operation of Internal Control Systems
・Internal Audit and J-SOX Evaluation
・Policy for Formulating the New Medium-Term Management Plan
・Budget Policy for the Next Fiscal Year
c. Enhancing Communication between the BoD and the Nomination and Remuneration Committee
Based on the results of the FY2024 evaluation of the effectiveness of the BoD, we took steps to facilitate more substantive
deliberations, including enhancing information sharing within the Nomination and Remuneration Committee and strengthening dialogue with
directors.
２．Summary of the Evaluation Results for FY2025
Following discussions at the BoD, the above initiatives implemented in FY2025 have contributed to enhancing the effectiveness of the BoD and are therefore viewed positively.
３．Actions
To further enhance the effectiveness of the BoD, we will continue our efforts regarding the above matters confirmed by the BoD.
（Summary of Past Board Effectiveness Evaluation Results）
