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General Meetings of Shareholders5449OSAKA STEEL CO.,LTD.Iron and steel and non-ferrous metals

Notice of Convocation of the 48th Annual General Meeting of Shareholders in 2026

For the 48th Annual General Meeting of Shareholders, 3 company proposals and 2 shareholder proposals will be submitted. 7 directors are scheduled to be elected, including 2 new directors and 3 outside directors. The Board of Directors opposes the shareholder proposals for the purchase of treasury shares and an additional dividend.

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Resolutions for the General Meeting of Shareholders

Annual, 48th
2026
Jun 24
Date and time5 days from this disclosure to the meeting
Matters for resolution5 items (3 from the company, 2 from shareholders)

  1. Election of 7 directors

  2. Election of 2 Audit & Supervisory Board members

  3. Election of 1 alternate Audit & Supervisory Board Member

  4. Acquisition of treasury shares from a specific shareholder

    Shareholder Proposal

  5. Appropriation of retained earnings

    Shareholder Proposal
Shareholder Proposal

Certain shareholders. Proposal No. 4, “Acquisition of treasury shares from a specific shareholder,” and Proposal No. 5, “Appropriation of retained earnings.” The Board of Directors opposes both proposals.

A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.
Director nominee
7Nominees
2New
3Outside
Resolutions for the General Meeting of Shareholders
ItemDetails
Type of shareholders' meetingAnnual, 48th
Date and time10:00 a.m., Wednesday, 24 June 2026
Matters for resolutionProposal No. 1: Election of 7 directors, Proposal No. 2: Election of 2 Audit & Supervisory Board members, Proposal No. 3: Election of 1 alternate Audit & Supervisory Board Member, Proposal No. 4: Acquisition of treasury shares from a specific shareholder, Proposal No. 5: Appropriation of retained earnings
Shareholder ProposalCertain shareholders. Proposal No. 4, “Acquisition of treasury shares from a specific shareholder,” and Proposal No. 5, “Appropriation of retained earnings.” The Board of Directors opposes both proposals.
Director nominee7 candidates, including 2 new candidates and 3 outside director candidates
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 proposals are based on the expiration of the terms of office of directors and statutory auditors and the need to secure an alternate statutory auditor. The reasons given for opposing the shareholder proposals are that the purchase of treasury shares would lack fairness and transparency and could result in a substantial cash outflow and adversely affect business operations, while an additional dividend could reduce funds available for medium- to long-term investment and impair business continuity.

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Notice of Convocation of the 48th Annual General Meeting of Shareholders in 2026 | OSAKA STEEL CO.,LTD. (5449) timely disclosure | Komori