Notice Concerning Summary of Evaluation Results of the Effectiveness of the Board of Directors

Under its Corporate Governance Code, Artner Co., Ltd. (“the Company”) periodically analyzes and evaluates the effectiveness of its Board of Directors in order to make it work better.
On this occasion, we carried out analysis and evaluation for the fiscal year ended January 31, 2026, and hereby notify the summary of the findings.

1. Evaluation method and process
A questionnaire survey to evaluate effectiveness for the fiscal year ended January 31, 2026, was distributed to all directors. Based on the responses collected, the Board of Directors discussed its issues and actions to addressthem.

2. Evaluation items
The Company conducted a 34-item questionnaire survey to evaluate effectiveness. The survey asked members of the Board to make a self-evaluation by giving comments and grading on a point scale.
The survey focused on the following six areas:
a. The composition of the Board of Directors
b. Planning, convening, and administration of board meetings
c. Matters selected for deliberation at board meetings
d. Administrative assistance provided to the Board of Directors
e. Relationships with shareholders
f. Group governance

3. Summary of analysis and evaluation results
The Company has found from the results of the survey based on the above that its Board of Directors is by and large functioning in an appropriate fashion with respect to the above survey items, and that the effectiveness of its Board of Directors has been maintained.
At the same time, there is a shared recognition that it is desirable to further enhance discussions and oversight with respect to items relating to the ensuring of the diversity of the Board of Directors and those relating to Group governance. More specifically, the Company has come to recognize that going forward, it must proceed to examine the following areas on an ongoing basis: the diversity of the members of the Board of Directors, deliberations of medium- to long-term corporate strategy and of the Medium-Term Business Plan, ongoing discussions of succession plans for the Representative Director and of the nomination of Director candidates, risk management systems for the entire Group, and so forth.

4. The way forward
The Board of Directors will take the necessary actions to address some remaining issues identified from the survey to continue to enhance its effectiveness.