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General Meetings of Shareholders9041Kintetsu Group Holdings Co.,Ltd.Transportation and Logistics

The Company’s Views on ISS’s Recommendation to Vote Against Proposal No. 2, “Partial Amendments to the Articles of Incorporation,” at the Company’s 115th Annual General Meeting of Shareholders

Following ISS's recommendation to vote against the proposal to amend the Articles of Incorporation submitted to the Annual General Meeting of Shareholders, the Company published its view on the recommendation. The proposal would set the maximum number of directors at 15 and the maximum number of directors serving as Audit and Supervisory Committee Members at 5.

Worth reading
31Immaterial
Scored from 2 of 4 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
15
People (maximum number of directors)
Wording
Definitive
How definitive the wording is.

Resolutions for the General Meeting of Shareholders

Annual (115th)
2026
Jun 19
Date and time(start time: Not disclosed)22 days from this disclosure to the meeting
Matters for resolution1 item

  1. Partial Amendments to the Articles of Incorporation

Shareholder Proposal

ISS recommends voting against this proposal. ISS is not the proposer, and the Board of Directors is soliciting votes in favor of the proposal. Whether there is a shareholder proposal itself is Not disclosed.

A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.
Director nomineeNumber of candidates: Not disclosed; of whom new candidates: Not disclosed; outside directors: 8 (independent outside directors)
Resolutions for the General Meeting of Shareholders
ItemDetails
Type of shareholders' meetingAnnual (115th)
Date and time19 June 2026 (start time: Not disclosed)
Matters for resolutionProposal No. 2: Partial Amendments to the Articles of Incorporation
Shareholder ProposalISS recommends voting against this proposal. ISS is not the proposer, and the Board of Directors is soliciting votes in favor of the proposal. Whether there is a shareholder proposal itself is Not disclosed.
Director nomineeNumber of candidates: Not disclosed; of whom new candidates: Not disclosed; outside directors: 8 (independent 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.

To transition to a company with an Audit and Supervisory Committee, strengthen the Board of Directors' oversight function, enable prompt and flexible execution of business operations, optimize the size of the Board of Directors, and enhance corporate and shareholder value. The Company explains that substantive protection of minority shareholders will be ensured because 8 independent outside directors will constitute a majority.

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.
The Company’s Views on ISS’s Recommendation to Vote Against Proposal No. 2, “Partial Amendments to the Articles of Incorporation,” at the Company’s 115th Annual General Meeting of Shareholders | Kintetsu Group Holdings Co.,Ltd. (9041) timely disclosure | Komori