Resolutions for the General Meeting of Shareholders
Annual (17th)Election of 2 directors (excluding directors who are Audit & Supervisory Committee members)
Removal of 1 outside director
Shareholder ProposalElection of 1 director
Shareholder ProposalReduction in director compensation
Shareholder Proposal
Yes. The proposer's name is Not disclosed. Proposal No. 2 concerns the removal of outside director Yamamoto Keijiro (山本 敬二郎), Proposal No. 3 concerns the election of Kitamura Ken (北村 健) as a director, and Proposal No. 4 concerns a 50% cut in the executive compensation of director Iwamae Go (磐前 豪). The board of directors opposes all of them.
A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.| Item | Details |
|---|---|
| Type of shareholders' meeting | Annual (17th) |
| Date and time | 25 November 2026 (Wednesday), 13:00 |
| Matters for resolution | Proposal No. 1: Election of 2 directors (excluding directors who are Audit & Supervisory Committee members), Proposal No. 2: Removal of 1 outside director, Proposal No. 3: Election of 1 director, Proposal No. 4: Reduction in director compensation |
| Shareholder Proposal | Yes. The proposer's name is Not disclosed. Proposal No. 2 concerns the removal of outside director Yamamoto Keijiro (山本 敬二郎), Proposal No. 3 concerns the election of Kitamura Ken (北村 健) as a director, and Proposal No. 4 concerns a 50% cut in the executive compensation of director Iwamae Go (磐前 豪). The board of directors opposes all of them. |
| Director nominee | There are 2 company nominees, both of whom are standing for reappointment. The total number of candidates and the number of outside candidates, including those proposed by shareholders, are Not disclosed. |
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.According to the notice of convocation, the reasons for the shareholder proposals include market confusion resulting from a downward revision to the earnings forecast, the candidate's management capabilities and accountability for poor performance. The board of directors opposes each shareholder proposal on the grounds that the incumbent outside director has contributed to oversight and advice, the candidate's willingness to take office cannot be confirmed, and a measure to reduce fixed compensation by 30% has already been decided.