Resolutions for the General Meeting of Shareholders
Extraordinary General Meeting of ShareholdersReduction in the Amounts of Stated Capital and Capital Reserve and Appropriation of Surplus
Election of 2 directors (excluding directors who are Audit and Supervisory Committee Members)
Election of 4 Directors Serving as Audit and Supervisory Committee Members
Removal of Director Hu Yan (胡 燕)
Removal of Director Adachi Tetsuya (安達 哲也)
Removal of Director Takeuchi Hiroshi (竹内 博)
Removal of Director Hirai Kaneto (平井 兼人)
Removal of Director Christopher Richard Lane (クリストファー・リチャード・レーン), an Audit and Supervisory Committee Member
Election of 1 Director (excluding Directors who are Audit and Supervisory Committee Members)
Election of 1 Director who is an Audit and Supervisory Committee Member
The proponent is Akatsuki Capital Works Inc. Proposals No. 4 through No. 10 were submitted. The Board of Directors supports Proposals No. 4 and No. 6 and opposes Proposals No. 5, No. 7, No. 8, No. 9 and No. 10.
A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.| Item | Details |
|---|---|
| Type of shareholders' meeting | Extraordinary General Meeting of Shareholders |
| Date and time | 10:00 a.m., Wednesday, 30 September 2026 |
| Matters for resolution | Proposal No. 1: Reduction in the Amounts of Stated Capital and Capital Reserve and Appropriation of Surplus, Proposal No. 2: Election of 2 directors (excluding directors who are Audit and Supervisory Committee Members), Proposal No. 3: Election of 4 Directors Serving as Audit and Supervisory Committee Members, Proposal No. 4: Removal of Director Hu Yan (胡 燕), Proposal No. 5: Removal of Director Adachi Tetsuya (安達 哲也), Proposal No. 6: Removal of Director Takeuchi Hiroshi (竹内 博), Proposal No. 7: Removal of Director Hirai Kaneto (平井 兼人), Proposal No. 8: Removal of Director Christopher Richard Lane (クリストファー・リチャード・レーン), an Audit and Supervisory Committee Member, Proposal No. 9: Election of 1 Director (excluding Directors who are Audit and Supervisory Committee Members), Proposal No. 10: Election of 1 Director who is an Audit and Supervisory Committee Member |
| Shareholder Proposal | The proponent is Akatsuki Capital Works Inc. Proposals No. 4 through No. 10 were submitted. The Board of Directors supports Proposals No. 4 and No. 6 and opposes Proposals No. 5, No. 7, No. 8, No. 9 and No. 10. |
| Director nominee | The company proposes 6 candidates (2 Directors and 4 Audit and Supervisory Committee Members), while shareholders propose 2 candidates. All 6 company candidates are new appointees, including 4 outside directors. Both shareholder candidates are new appointees, including 1 outside director. There are 8 candidates in total, all new appointees, including 5 outside directors. |
Items this document does not state (1)
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 need to secure flexibility and agility in financial strategy, improve the Company's financial position, prepare for shareholder return measures such as an early resumption of dividends, rebuild the management oversight structure, strengthen the business foundation, and enhance the oversight structure and corporate governance. The shareholder proposals are based on the need to rebuild the governance structure and renew the management team.