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General Meetings of Shareholders6473JTEKT CorporationAutomobiles and transportation equipment

Regarding a Partial Correction (Addition) to the Notice of Convocation of the 126th Annual General Meeting of Shareholders

An explanation concerning the independence of audit and supervisory board candidate Matsui Yasushi (松井 靖) under Proposal No. 2 was added to the Notice of Convocation for the 126th Ordinary General Meeting of Shareholders. The addition states that Matsui Yasushi (松井 靖) has been reported to the Tokyo Stock Exchange as an independent officer and that transactions with DENSO CORPORATION account for less than 1% of the consolidated revenue of each party.

Worth reading
36Immaterial
Scored from 1 of 4 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1
Below %
Wording
Definitive
How definitive the wording is.

Resolutions for the General Meeting of Shareholders

Annual (126th)
Matters for resolution1 item

  1. Election of 2 Audit & Supervisory Board members

Resolutions for the General Meeting of Shareholders
ItemDetails
Type of shareholders' meetingAnnual (126th)
Matters for resolutionProposal No. 2: Election of 2 Audit & Supervisory Board members
Items this document does not state (4)
Date and timeShareholder ProposalDirector nomineePercentage 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.

Because a section of the Notice of Convocation required correction (addition). It was determined that Matsui Yasushi (松井 靖) is sufficiently independent because the value of transactions with DENSO CORPORATION is immaterial, accounting for less than 1% of the consolidated revenue of each party.

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Regarding a Partial Correction (Addition) to the Notice of Convocation of the 126th Annual General Meeting of Shareholders | JTEKT Corporation (6473) timely disclosure | Komori