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General Meetings of Shareholders8227SHIMAMURA Co.,Ltd.Retail

Notice of Convocation of the 73rd Annual General Meeting of Shareholders and Reference Materials for the General Meeting of Shareholders

At the 73rd Annual General Meeting of Shareholders, 2 company proposals and 1 shareholder proposal will be submitted for consideration. For the election of 8 directors, 8 candidates, including 2 new candidates, will be proposed, bringing the number of outside directors to 3.

Worth reading
82Important
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
8
Number of director candidates
Wording
Definitive
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Resolutions for the General Meeting of Shareholders

Annual (73rd fiscal year)
2026
May 15
Date and timeat 10:00 a.m.22 days from this disclosure to the meeting
Matters for resolution3 items (2 from the company, 1 from shareholders)

  1. Appropriation of surplus

  2. Election of 8 directors

  3. Appropriation of Surplus

    Shareholder Proposal
Shareholder Proposal

Proposal No. 3, “Appropriation of Surplus,” submitted by 1 shareholder. The Board of Directors opposes the proposal. It calls for total annual dividends equivalent to a 60% payout ratio.

A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.
Director nominee
8Nominees
2New
3Outside
Resolutions for the General Meeting of Shareholders
ItemDetails
Type of shareholders' meetingAnnual (73rd fiscal year)
Date and timeFriday, 15 May 2026, at 10:00 a.m.
Matters for resolutionProposal No. 1: Appropriation of surplus, Proposal No. 2: Election of 8 directors, Proposal No. 3: Appropriation of Surplus
Shareholder ProposalProposal No. 3, “Appropriation of Surplus,” submitted by 1 shareholder. The Board of Directors opposes the proposal. It calls for total annual dividends equivalent to a 60% payout ratio.
Director nominee8, including 2 new directors and 3 outside directors
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.

All directors will reach the end of their terms at the conclusion of this meeting. The Board of Directors opposes the shareholder proposal on the grounds that raising the payout ratio to 60% would significantly deviate from the policy of approximately 35% set out in the Medium-Term Management Plan 2027 and would not be appropriate for enhancing corporate value over the medium to long term.

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Notice of Convocation of the 73rd Annual General Meeting of Shareholders and Reference Materials for the General Meeting of Shareholders | SHIMAMURA Co.,Ltd. (8227) timely disclosure | Komori