Resolutions for the General Meeting of Shareholders
Annual, 88th fiscal periodElection of 10 directors
Election of 2 directors
Proposal by Nippon Active Value Fund plc to elect 2 directors. The candidates are Nishida Masumi (西田真澄) and Mizuochi Kazutaka (水落一隆). The Board of Directors opposes the proposal.
A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.| Item | Details |
|---|---|
| Type of shareholders' meeting | Annual, 88th fiscal period |
| Date and time | 23 June 2026 (Tuesday), 10:00 a.m. (registration opens at 9:00 a.m.) |
| Matters for resolution | Proposal No. 1: Election of 10 directors, Proposal No. 2: Election of 2 directors |
| Shareholder Proposal | Proposal by Nippon Active Value Fund plc to elect 2 directors. The candidates are Nishida Masumi (西田真澄) and Mizuochi Kazutaka (水落一隆). The Board of Directors opposes the proposal. |
| Director nominee | Company proposal: 10 candidates (1 new and 7 outside directors). Shareholder proposal: 2 candidates (new and outside directors). |
Items this document does not state (1)
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 proposal is intended to elect candidates who meet the nomination criteria and to strengthen and enhance the monitoring and oversight of business execution by ensuring that outside directors constitute a majority of the Board. The reasons given for opposing the shareholder proposal are concerns regarding the candidates’ independence, the risk that the interests of general shareholders could be adversely affected, and the view that a Board composed of the company’s proposed candidates would be optimal for implementing the new management plan and maximizing corporate and shareholder value.