Komori
Governance8699HS Holdings Co.,Ltd.Trading & Wholesale

Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal

The Board of Directors decided to oppose a shareholder proposal seeking provisions in the Articles of Incorporation concerning the formulation of a medium-term management plan covering 3 fiscal years and the disclosure of ROE, cost of capital, capital allocation and other matters.

Worth reading
36Immaterial
Scored from 2 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The Board of Directors resolved to oppose the shareholder proposal. No changes from the previous report were stated.

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。

Contents of this filing
ItemDetails
Changes this timeThe Board of Directors resolved to oppose the shareholder proposal. No changes from the previous report were stated.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

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 explained that specifying the plan period, required provisions and disclosures, and numerical metrics in detail and fixing them in the Articles of Incorporation for an extended period could constrain flexible management decisions in response to changes in market conditions and the business portfolio. The Company also explained that it does not formulate medium-term management plans with a fixed period, and that uniform numerical targets and disclosure obligations could make management decisions rigid, lead to formalistic disclosures, and reduce flexibility in competition and negotiations.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal | HS Holdings Co.,Ltd. (8699) timely disclosure | Komori