Governance structure
The Company received shareholder proposals from 2 shareholders. AVI JAPAN OPPORTUNITY TRUST PLC proposed the removal of 1 director, while LONGCHAMP SICAV proposed 7 agenda items concerning the establishment of a Strategic Review Committee, the body authorized to determine dividends and other matters, share buybacks, restricted stock compensation, the composition of outside directors, management that is conscious of the cost of capital and share price, and the record date for the Annual General Meeting of Shareholders.
| Item | Details |
|---|---|
| Committee | An amendment to the Articles of Incorporation has been proposed to establish a Strategic Review Committee. It is not disclosed whether the committee has been established or what proportion of its members are outside members. |
| Changes this time | The Company received shareholder proposals from 2 shareholders. AVI JAPAN OPPORTUNITY TRUST PLC proposed the removal of 1 director, while LONGCHAMP SICAV proposed 7 agenda items concerning the establishment of a Strategic Review Committee, the body authorized to determine dividends and other matters, share buybacks, restricted stock compensation, the composition of outside directors, management that is conscious of the cost of capital and share price, and the record date for the Annual General Meeting of Shareholders. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company received shareholder proposals from AVI JAPAN OPPORTUNITY TRUST PLC and LONGCHAMP SICAV indicating their intention to exercise their shareholder proposal rights in connection with the 90th Annual General Meeting of Shareholders scheduled for 24 June 2026. The Board of Directors will carefully consider and deliberate on its views and will disclose them once decided.