AnnouncementAugust 1, 2025

PHC Group Achieves Group 1 Rating in Morningstar Japan ex-REIT Gender Diversity Tilt Index

PHC Group has been named to the highest scoring group of companies in the Morningstar Japan ex-REIT Gender Diversity Tilt Index, developed by Morningstar Inc.

Morningstar Inc., a leading investment research provider, offers Morningstar Indexes to help investors and investment advisors identify investment opportunities that align with their goals. One of these indexes, the Morningstar Japan ex-REIT Gender Diversity Tilt Index, identifies companies based in Japan that incorporate gender diversity into their corporate culture and provide equal opportunities to employees regardless of gender.

This index leverages the Gender Equality Scorecard™ developed by Equileap, a provider of evaluation data on gender equality. Companies are screened across multiple criteria, including equal compensation, work-life balance, policies promoting gender equality, and transparency. Based on their scores, companies are categorized into five groups, and PHC Group has been named to Group 1, the highest-scoring group. This designation reflects PHC Group’s efforts in areas such as implementing maternity and childcare-related programs, promoting career development, and recruitment. PHC Group is committed to compliance with applicable laws and regulations.

※Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, “Morningstar”) has authorized PHC Holdings Corporation to use of the Morningstar® Japan ex-REIT Gender Diversity Tilt Logo (“Logo”) to reflect the fact that, for the designated ranking year, PHC Holdings Corporation ranks within the top group of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt Index℠ (“Index”) on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by PHC Holdings Corporation solely for informational purposes. ’s use of the Logo should not be construed as an endorsement by Morningstar of PHC Holdings Corporation or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with . The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third-party content providers have any liability for any damages (whether direct or indirect), arising from any party’s use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results.