Contents of this filing
The policy is to maintain ROE at 10% on the assumption of extraordinary gains from the sale of strategic shareholdings and other sources, and, over the long term, aim to achieve ROE of 10% on a basis that does not assume extraordinary gains or similar items.
Policy regarding shares of other companies held to maintain business relationships and for other purposes.
The Board of Directors, in which outside directors constitute a majority, unanimously resolved to oppose the shareholder proposal.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Policy on cross-shareholdings | The policy is to maintain ROE at 10% on the assumption of extraordinary gains from the sale of strategic shareholdings and other sources, and, over the long term, aim to achieve ROE of 10% on a basis that does not assume extraordinary gains or similar items. |
| Changes this time | The Board of Directors, in which outside directors constitute a majority, unanimously resolved to oppose the shareholder proposal. |
Items this document does not state (6)
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.Implementing a special dividend of ¥1,200 per share could hinder the company's planned growth investments, including new brand development, overseas expansion and M&A. The company explains that, to enhance corporate value and shareholder value over the medium to long term, it is more appropriate to strengthen sustainable earnings power through growth investment than to pursue short-term shareholder returns.