Nippon Tungsten Enhances Board Effectiveness Based on Governance Code Evaluation

TOKYO, Jun 26 (Pulse News Wire) – Nippon Tungsten CO.,LTD. (6998.F) reported on the effectiveness evaluation of its board of directors based on the Corporate Governance Code set forth by the Tokyo Stock Exchange.

The evaluation was conducted through a questionnaire survey among directors, who rated various governance aspects on a five-point scale and provided additional comments. The board reviewed the results and recognized areas for improvement, particularly in discussions related to long-term strategic themes such as portfolio strategy and human capital investment. In the previous fiscal year (2024), the company initiated the "Japan Tungsten Group Mid-Term Business Plan 2028," which involved deepening discussions within the board on medium-term vision and overall strategies.

However, feedback indicated that investor engagement and analysis of market evaluations could be enhanced further. For the current fiscal year (2025), the board concluded that overall effectiveness had been maintained but acknowledged the need for continued improvement in key areas such as stakeholder dialogue and human resource management. Going forward, the board intends to increase the focus on strategic issues crucial for sustainable growth and will continue to work towards enhancing board effectiveness.