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General Meetings of Shareholders4743ITFOR Inc.Information and Communications, Services and Others

Our View on the Recommendation by Proxy Advisory Firm ISS to Vote Against Proposal No. 2 at the 67th Annual General Meeting of Shareholders

Following ISS's recommendation to vote against 2 director candidates under Proposal No. 2, the Company stated its view on the ratio of shares held for policy purposes, which is subject to the criteria for such recommendations. The Company explained that it classifies CVC investments separately from shares held for policy purposes, resulting in a ratio of 12.42%, below the 20% threshold.

Worth reading
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Scored from 0 of 4 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
12.42
Ratio of shares held for policy purposes to net assets (%)
Wording
Definitive
How definitive the wording is.

Resolutions for the General Meeting of Shareholders

Annual (67th)
2026
Jun 19
Date and time(Friday) (start time: Not disclosed)9 days from this disclosure to the meeting
Matters for resolution1 item
  1. Election of 5 directors (excluding directors who are Audit and Supervisory Committee members)

Shareholder Proposal

None (the main text contains no mention of shareholder proposals)

A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.
Director nominee5 candidates (number of new candidates: Not disclosed; number of outside candidates: Not disclosed)
Resolutions for the General Meeting of Shareholders
ItemDetails
Type of shareholders' meetingAnnual (67th)
Date and timeScheduled for 19 June 2026 (Friday) (start time: Not disclosed)
Matters for resolutionProposal No. 2: Election of 5 directors (excluding directors who are Audit and Supervisory Committee members)
Shareholder ProposalNone (the main text contains no mention of shareholder proposals)
Director nominee5 candidates (number of new candidates: Not disclosed; number of outside candidates: Not disclosed)
Items this document does not state (1)
Percentage voting in favor

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 determined that CVC investments do not in substance constitute shares held for policy purposes because they are an important initiative to enhance corporate value and differ in nature from ordinary cross-shareholdings. It also stated that it will continue to reduce shares held for policy purposes from the perspectives of controlling shareholding risks and improving capital efficiency.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Our View on the Recommendation by Proxy Advisory Firm ISS to Vote Against Proposal No. 2 at the 67th Annual General Meeting of Shareholders | ITFOR Inc. (4743) timely disclosure | Komori